Cooperative Housing Blog

NAHC’s Cooperative Housing Blog addresses hot topics for professionals in the housing cooperative industry. Legal issues, governance, development, tax tips and more are all up for discussion. Stand with NAHC at the forefront of cooperative housing issues to keep the conversation going!

Fire Protection in Aging Buildings is Paramount

by NAHC | March 19, 2018 | Property Management

While there are many building components that can cause considerable damage when they fail, nothing is as dangerous as a failure to the electrical system. Malfunctioning devices and aging wiring can cause fire, electrocution and even death under certain circumstances. The threat of fire is even more significant in multifamily housing because a fire in […]

Fire Safety: A Tragic Reminder of Importance

by NAHC | March 19, 2018 | Property Management

On December 28, 2017, New York City had the deadliest fire since the 1990s where there were 12 fatalities, three of them children. While this happened in a rental building, the construction is like many cooperative buildings in the city, and this incident reminds us all, regardless of building size or location of the importance […]

Green Rewards Could Save Your Cooperative Money

by David Wilkins | March 12, 2018 | Financial IssuesGreen Initiatives

Many stories have been written about the value of employing energy savings devices throughout cooperatives. These stories explore the virtue of cost savings and the benefits of living green. But, did you know that going green can also reduce the cost of mortgage interest for your community’s loan? What are Green Rewards? The Department of […]

Seven Common Budgeting Mistakes and How to Avoid Them

by Bill Henley | March 12, 2018 | Financial Issues

Each year, a cooperative’s board of directors must decide on a budget for the coming year in order to pay the bills in a timely manner, fund reserves and maintain the asset. This is a principal responsibility of the board of directors as outlined in the corporate bylaws. Budgeting is challenging for all boards, regardless […]

Project Costs: What’s the Bottom Line?

by Leon Yudkin Geoxavier | March 12, 2018 | Financial Issues

“How much will this cost?” is one of the first and foremost questions addressed when a capital project is presented for board review and approval. Whether the project in question is mandatory (like a code required fix) or discretionary (like new landscaping or interior finishes), the cost should and will inevitably be a key factor […]

Cooperative Housing Blog

NAHC’s Cooperative Housing Blog addresses hot topics for professionals in the housing cooperative industry. Legal issues, governance, development, tax tips and more are all up for discussion. Stand with NAHC at the forefront of cooperative housing issues to keep the conversation going!

Fire Protection in Aging Buildings is Paramount

by NAHC | March 19, 2018 | Property Management

While there are many building components that can cause considerable damage when they fail, nothing is as dangerous as a failure to the electrical system. Malfunctioning devices and aging wiring can cause fire, electrocution and even death under certain circumstances. The threat of fire is even more significant in multifamily housing because a fire in […]

Fire Safety: A Tragic Reminder of Importance

by NAHC | March 19, 2018 | Property Management

On December 28, 2017, New York City had the deadliest fire since the 1990s where there were 12 fatalities, three of them children. While this happened in a rental building, the construction is like many cooperative buildings in the city, and this incident reminds us all, regardless of building size or location of the importance […]

Green Rewards Could Save Your Cooperative Money

by David Wilkins | March 12, 2018 | Financial IssuesGreen Initiatives

Many stories have been written about the value of employing energy savings devices throughout cooperatives. These stories explore the virtue of cost savings and the benefits of living green. But, did you know that going green can also reduce the cost of mortgage interest for your community’s loan? What are Green Rewards? The Department of […]

Seven Common Budgeting Mistakes and How to Avoid Them

by Bill Henley | March 12, 2018 | Financial Issues

Each year, a cooperative’s board of directors must decide on a budget for the coming year in order to pay the bills in a timely manner, fund reserves and maintain the asset. This is a principal responsibility of the board of directors as outlined in the corporate bylaws. Budgeting is challenging for all boards, regardless […]

Project Costs: What’s the Bottom Line?

by Leon Yudkin Geoxavier | March 12, 2018 | Financial Issues

“How much will this cost?” is one of the first and foremost questions addressed when a capital project is presented for board review and approval. Whether the project in question is mandatory (like a code required fix) or discretionary (like new landscaping or interior finishes), the cost should and will inevitably be a key factor […]