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Push for Co-op Fairness and Transparency
“Inside City Hall” news reporter Errol Louis recently highlighted the need for more transparency and fairness in the co-op purchasing process and discussed legislation that would require a written statement of reason for rejection from co-op boards when denying prospective purchasers. NYSAR has prioritized support for enacting new laws that would create a uniform process and timeline for co-op boards to respond to prospective purchasers at both the state level and within New York City and continues to engage lawmakers to take action. Legislation (A.1778) before the state Legislature will be one of several key agenda items during NYSAR’s annual REALTOR® Lobby Day on Tuesday, May 2. For more information and to register for Lobby Day, click HERE.
Growing Calls to Delay Local Law 97 in NYC
Building owners in New York City continue to struggle to comply with New York City’s Local Law 97 greenhouse gas emissions reduction mandates that are scheduled to go in effect in 2024. With growing concern over the costs to improve efficiencies in some of the oldest buildings in the country or face the possibility of fines, advocates are urging city lawmakers to delay implementation or enforcement of Local Law 97. Learn more.
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