Key Points-
•New DOB Attestation Requirement: Effective Jan. 26, 2026, NYC Department of Buildings requires Condo/Co Op Board attestation in DOB NOW: Build before unit owner/shareholder alteration permits proceed.
•Board...more
2/10/2026
/ Attestation Requirements ,
Building Permits ,
Community Associations ,
Condominium Associations ,
Condominiums ,
Construction Permits ,
Department of Buildings (DOB) ,
Homeowners Association (HOA) ,
New Regulations ,
New York ,
Policy Updates ,
Regulatory Requirements ,
Residential Property Owners ,
State and Local Government
Effective July 28, 2026, cooperatives face new requirements governing the way in which they process applications to purchase apartments.
As many of you know, New York City Council held hearings concerning three proposed...more
2/9/2026
/ City of New York ,
Community Associations ,
Corporate Governance ,
Enforcement Actions ,
Filing Deadlines ,
Filing Requirements ,
New Legislation ,
Penalties ,
Real Estate Transactions ,
Real Estate Transfers ,
Regulatory Requirements ,
Residential Real Estate Market ,
State and Local Government ,
Statutory Requirements ,
Time Extensions
New York City’s Fair Chance for Housing Act went into effect Jan. 1, 2025. It is intended to address discrimination against individuals with a criminal history in the housing application process. The Act requires all...more
As noted in a previous alert, the Corporate Transparency Act (CTA) requires “reporting companies” to file beneficial ownership information with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) by...more
On January 1, 2025, two important laws will become effective, and co-op and condo boards must be aware of what is required. A New York City law, the Fair Chance for Housing Act, impacts the use of criminal background checks...more
11/25/2024
/ Anti-Discrimination Policies ,
Beneficial Owner ,
City of New York ,
Civil Monetary Penalty ,
Co-Op ,
Condominiums ,
Corporate Transparency Act ,
Criminal Background Checks ,
Criminal Convictions ,
Fair Housing Act (FHA) ,
Financial Crimes ,
Reporting Requirements ,
Terrorism Funding
As the year-end deadline for compliance with the Corporate Transparency Act approaches, boards of cooperatives, condominiums and Homeowners Associations should be aware of the requirements that may affect them. The CTA...more