Co-ops and condos damaged by Sandy are now eligible for federal housing grants. The U.S. Department of Housing and Urban Development (HUD) announced it will allow co-ops and condos to receive funding from Community Development Block Grants Disaster Recovery grants to help with repairs. “We have finally cleared a bureaucratic hurdle that prevented thousands of [...]
New York’s senior senator has joined the ranks of leaders pushing for relief to storm-damaged co-ops and condos. U.S. Senator Charles Schumer penned a letter to the U.S. Department of Housing and Urban Development (HUD) last Wednesday asking the agency to establish Sandy relief program guidelines for co-ops and condos. Co-op and condo owners currently [...]
New legislation may lighten the load on co-op owners, while leaving their wallets heavy. According to Senator Toby Ann Stavisky and Assemblymember Ed Braunstein, property owners can currently fight city tax assessments through a “certiorari” process, but they said it is often costly and incurs “excessive legal fees.” “As a co-op shareholder, I understand this [...]
The expansion of LIC continues. On October 19, Eric Benaim and Ted Kokkoris of Modern Spaces hosted at a premier party to announce that the real estate firm is now marketing The Industry – a condo developed by Silvercup Studios. Guests packed the space at 21-45 44th Drive and were treated to music by DJ [...]
