Housing Cooperative News

Hurricane Planning Tips

This page explains what actions to take when you receive a hurricane watch or warning alert from the National Weather Service for your local area. It also provides tips on what to do before, during, and after a hurricane…Read more.

Austin, TX, City resolution expands city housing financial aid to co-ops

Austin is in the process of allowing housing cooperatives to apply for city housing financial aid in an effort to expand housing options and reduce rent for members of co-ops.

In a resolution passed unanimously by the Austin City Council on Aug. 17, the city manager is now tasked with finding ways to allow co-ops to become eligible for financial aid through the city’s affordable housing initiatives…Read more.

Co-op and Condo Group Resists Mandatory Smoking Policies

There is a short stack of legislative proposals before the New York City Council and the state General Assembly that seek to change the way co-op boards determine who buys into housing cooperatives. Some of these proposals would limit the amount of time boards have to notify a potential purchaser that his or her application is complete; others would limit the amount of time boards have to accept or reject a completed application; and others would require boards to provide their reasons for rejecting a purchase application, something they are not currently required to do. Co-op advocates have spoken out, vociferously, against the proposals, arguing that they’re unnecessary impediments to the conduct of co-op board business, which is, in their opinion, largely expeditious and free of discrimination…Read more.

Blog Focuses on Lead Poisoning of Children in Communities of Color

A blog post in HealthAffairs by Emily Benfer, a senior fellow and distinguished visiting scholar at the Yale Law School, describes the extent to which minority children are disproportionately affected by lead-based paint hazards and the prevalence of lead-based paint hazards in HUD-assisted homes, and it criticizes a limitation of HUD’s recently revised lead-based paint rule…Read More.

Study Finds Airbnb Increases Rents

A new study by Kyle Barron, Edward Kung, and Davide Prosperpio, The Sharing Economy and Housing Affordability: Evidence from Airbnb, finds that a 10% increase in Airbnb listings in a neighborhood leads to a 0.39% increase in rents. Airbnb’s impact is stronger in neighborhoods with more absentee landlords and weaker in neighborhoods with more owner-occupants. The findings suggest that Airbnb incentivizes absentee landlords to remove their properties from the long-term rental market and rent them to short-term tenants, causing rents for long-term leases to increase…Learn More.

Rebuilding Together gets grant to improve properties

Rebuilding Together, Saratoga County received a $300,000 grant from the New York State Homes and Community Renewal Affordable Home Ownership Development Program.

The grant will be used to assist with the home improvement of approximately 15 units throughout Saratoga County.

The amount of homes the grant will help varies depending on applications Rebuilding Together receives…Learn More.

Funding announced to rehabilitate 271 homes in NY

The New York Governor’s Office announced $7.4 million in funding to construct and rehabilitate 271 owner-occupied homes in the state.

The funding was awarded through the New York State Homes and Community Renewal Affordable Home Ownership Development Program. The programs has already awarded nearly $192 million to create or improve more than 9,700 homes across the state…Learn More.

Westchester Company To Pay $125K In Damages, Penalties After Settlement

A Westchester County property management company and co-op building has agreed in federal court to pay more than $100,000 in damages following a complaint of discrimination on the basis of disability…Learn More.

FIXING A ‘MESS’

Accessory dwelling units, or “granny flats,” and housing cooperatives are something else he expects to be a topic of interest, along with the potential for “tiny houses,” which are typically 400 square feet or smaller…Learn More.

Another Way Forward: Communities Battle Against Gentrification

As real-estate markets are increasingly subjected to the pressures of globalization, gentrification has become an almost universal woe of capitalist cities around the world. Today in Berlin, the city is instituting the Milieuschutz Laws, which we outlined in the first installment of two-part series as being some of the most progressive municipal policies in the world meant to curb gentrification in historically affordable areas. While these are positive steps, the history of the affordable housing struggle in Berlin stretches back decades, and was traditionally led not by city government, but by students, artists and immigrants….Learn More.

NCB’s Charles E. Snyder Honored with the Esther Peterson Consumer Service Award from Consumer Federation of America

Charles E. Snyder, National Cooperative Bank’s President and CEO, was awarded the 2017 Esther Peterson Consumer Service Award at the Consumer Federation of America’s 47th Annual Awards Dinner held on June 14, 2017 at the Capital Hilton in Washington, D.C…Learn More.

City of Boulder to Begin Accepting Applications for Cooperative Housing on June 1

On June 1, the City of Boulder will begin accepting applications for Cooperative Housing licenses. The first licenses will be issued on or before July 17. Applications will be available at 1739 Broadway on the third floor or online. An outline of the application and approval process, along with a list of frequently asked questions, is available online as a reference…Learn More.

Housing co-ops a potential affordable housing solution

Providing affordable housing options is a tough nut to crack — especially in a booming housing market like Asheville’s. While city voters approved $25 million in spending on affordable housing as part of a 2015 bond referendum totaling $74 million, the question remains: What’s the best way to spend money to support affordable housing solutions?… Read More.

Bank Partnership Spurs Resident-Owned Manufactured Housing

With more than 50,000 manufactured housing communities in the United States—roughly six percent of the overall housing market—borrowers are drawn to manufactured homes, as they often cost significantly less than new site-built housing. As such, manufactured housing remains a critical source of affordable housing for many consumers—particularly the elderly, low- to moderate-income families and those living in rural communities… Read More.

Zillow Examines Food Deserts in Metropolitan Areas

An analysis by Zillow shows that 20 percent of the nation’s non-rural population, or 47.3 million people, have low incomes and low access to fresh food, which is defined as being located a half mile or more from the nearest fresh, whole food source… Read More.

Co-ops back in U.S. Census after 20-year absence

NCBA CLUSA is thrilled to announce that a decades-long absence of federally-reported data on co-ops in the U.S. will end with the 2017 Economic Census. The Office of Management and Budget on Friday approved without change or question the main 2017 Economic Census… Read More.

Cody Curtis: Nevada City must commit to affordable housing

For many of us who have come to contribute to the life of this place, the cost of housing is draining our energies and driving us away.

On April 20, the Nevada City Planning Commission will review a housing project called “The Grove” which would be the largest development in Nevada City’s recent history. This presents a much-needed opportunity to increase the city’s housing stock… Read more.

City Encourages Organizations to Apply to Be Expert Cooperative Housing Organizations

The City of Boulder is requesting applications from qualified organizations to serve as Expert Cooperative Housing Organizations (ECHO). An ECHO is an organization recognized by the city manager as having experience and expertise in the formation, operation and organization of cooperative housing units. The role of these organizations will be to train, verify legitimacy and provide recommendations to city staff regarding prospective housing cooperatives that have applied for a license from the city… Read more.

Will Toor: Time for Boulder to step up on housing

I am proud to live in a town that is making it clear that it will stand up to Donald Trump’s attacks on American values. In November, our mayor joined mayors across the country in a letter to Mr. Trump making it clear that cities will continue to act on climate change even if the president tries to throw up obstacles. In January, the council made it clear that Boulder will not cooperate with efforts to deport undocumented residents and break up families… Read more.

The Rich History of African American Cooperatives

Last month I had the great privilege of attending the North American Students of Cooperation (NASCO) Institute with two fellow CU Boulder students and seven additional members of the Boulder community…Read more.

Are Co-Ops the Answer to Expensive Housing?

Living with roommates is no longer just for college kids and Denver’s expanding millennial population. As builders struggle to keep up with the Mile High City’s housing demand… Read more.

Savvy Seniors Financial Education

For many disadvantaged older adults, the path to economic security begins with basic money management. Learning how to budget, avoid scams, apply for benefits… Read more.

Sarah Dawn Haynes: Co-ops: Don’t Repeat Mistakes of the Past (Boulder, CO)

After months of public debate — including many Mr. Rogers references — last week City Council took a big step forward and dove into substantive discussion of the cooperative housing ordinance. Council asked City Attorney Tom Carr to re-write large portions of the complex draft law. Read more.

Designing A San Francisco With The 100,000 New Housing Units The City Needs

To bring down San Francisco’s out-of-control rents, the city’s chief economist estimated that it needs to build an extra 100,000 housing units in the next few decades.  Read more.

New commission might help SF housing crisis

A recent op-ed by Supervisor Mark Farrell in the San Francisco Examiner — “New, costly ‘Peskin Commission’ is not the answer to the housing crisis” (Aug. 9) — that opposed the creation of a commission having oversight over the Mayor’s Office of Housing and Community Development was a classic ad hominem attack. Read more.

Co-ops can be part of solution

As Boulder housing prices continue to rise, with the cost of an average home now over $1 million, the City Council has begun evaluating a variety of options to maintain a middle class of people able to live inside city limits. Read more.

Settlement sets stage for new chapter at Parade Park Homes near 18th and Vine

A Jackson County judge gleefully approved a mediated settlement Tuesday to a contentious lawsuit over the potential redevelopment of the Parade Park Homes residential complex near the 18th and Vine Jazz District. Read more.

More openness needed at co-ops

Co-op members and board members may find interesting some guidance from Robert Szold, the attorney who created the legal foundation for Amalgamated Houses, Park Reservoir, and many other New York cooperatives.  It is taken from “The Functions and Duties of Directors of a Housing Cooperative,” a statement delivered by Robert Szold in 1956. Read more.

Affordable housing demands creative thinking and action

Some 40 million American households are paying more than a third of their incomes on rent, according to a recent article in the Wall Street Journal. This is particularly disconcerting given that the number had been trending downward in recent years. It infers a continuing rental affordability crisis due in no small part to a deepening income inequality across the U.S. Add to that a growing shortage in appropriate housing to meet the needs of our aging population (by 2030, one in every five Americans will be 65 or older), and it’s clear that the time for communities to address affordable and alternative strategies is now.

A forever home: Co-op veterans take communal

Gabrielle Hinahara has lived at Ambrosia Co-op for three years. While she’s loved the communal living experience Madison Community Cooperative houses offer, Hinahara wants something a little more settled. Read more.

Minneapolis may open door to more communal living

One City Council member seeks to change rules that limit the number of unrelated people who can live under the same roof. Read more.

The Decades Long Battle to Bring Reverse Mortgages to NYC Co-Ops

Many seniors living in housing cooperatives are largely shutout of the ability to tap into their housing wealth using a reverse mortgage. But while there has been little movement from regulators to expand reverse mortgage access to co-ops, there are several organizations who—even after 16 years—are not giving up the fight just yet. Read more.

Discover NCOA’s Aging Mastery Program®

Join us for a webinar on June 28 to discover all of the elective courses now being offered through NCOA’s unique Aging Mastery Program® (AMP)—and get a sneak peek at classes in development. AMP is a fun, innovative, and person-centered education program that empowers older adults to embrace their gift of longevity by spending more time each day doing things that are good for themselves and for others. Read more.

Longtime residents of an affordable housing cooperative near Kansas City’s historic jazz district are concerned a $76 million redevelopment plan will force them out of their homes

KANSAS CITY, Missouri — Archie Williams has lived in the Parade Park Homes complex just east of 18th and Vine for 41 years and savors the neighborhood’s proud African-American heritage. Read more.

Court hears dispute over Parade Park Homes

A three-day hearing started Wednesday in Jackson County Circuit Court over the future of the Parade Park Homes complex near the 18th and Vine Jazz District.  Read more.

Advocate wants to turn parking lots into housing

Some of the most successful cities in the country are in a housing crisis, and advocates want to see the focus change from preservation to affordability. Read more.

Mortgages for co-op owners

If you’re 62 or older and own your own private home or certain approved condominium — and want money to pay off your mortgage, supplement your income or pay for healthcare expenses — you may be able to consider a reverse mortgage. Read more.

Senior Housing Cooperatives Sweeping the Midwest

KANSAS CITY, Mo., May 13, 2016 /PRNewswire/ — On Friday, May 13, 2016, Real Estate Equities Development, LLC, a senior housing cooperative developer, announced plans for multiple Village Cooperative senior housing communities coming soon to the Northland area in Kansas City. Read more.

Bipartisan Policy Center Releases Action Agenda for Healthy Aging

Healthy Aging Begins at Home, a report released by the Bipartisan Policy Center, outlines an actionable policy agenda to accommodate America’s older adults. Read more.

Sheetrocker Brings It All Back Home

Darren Smith found his way back to the old Dwight Co-ops with a drill and a T-square in hand so he could help give his childhood housing complex a second chance — along with his own carpentry dreams. Read more.

UrbaNerd: Some Numbers on Abandoned Property and Affordable Housing

In an article City Limits published Monday, reporter Abigail Savitch-Lew wrote a little about the city’s Tenant Interim Lease (TIL) program and Third Party Transfer programs. Abby’s article was about community land trusts, one of the newish ideas that some advocates hope the city will embrace as it aims to preserve 120,000 units of affordable housing and construct 80,000 over a decade. Read more.

City Slow to Embrace Land Trusts as Housing Tool

Across New York City, from the Far Rockaways to the South Bronx and from Bushwick to East Harlem, low-income communities are showing increasing fascination with the community land trust model. One might even call it a movement. Read more.

Minneapolis may open door to more communal living

One City Council member seeks to change rules that limit the number of unrelated people who can live under the same roof. A Minneapolis City Council member is looking to change the city’s rules about what makes a family — at least for the purposes of deciding who can legally live under one roof. Read more.

Funding Available To Assist Housing For Low Income

ALBANY—A total of $59 million is available to construct, rehabilitate, and improve the homes of income-eligible families across New York State. Read more.

SF Land Trust Acquires Another SoMa Building, Thwarting Future Evictions

Representatives from the San Francisco Land Trust, the city and a handful of Central SoMa neighborhood organizations gathered this morning outside 568-570 Natoma St. to celebrate the trust’s acquisition of the five-unit, rent-controlled building. Read more.

City’s Housing Plan Moves Away from Bolstering Homeownership

In a city with skyrocketing rents, homeownership can seem like the ultimate prize, a guard against displacement and a fast way to accrue wealth. Yet New York continues to be a city of renters: Only 31 percent of city households own homes, as opposed to 64 percent nationwide—and no city-sponsored policy is about to make that change. Read more.

Savvy Senior

Savvy Senior is a nationally syndicated information column devoted to older adults and the families who support them. Researched and written by senior advocate, author and NBC Today show contributor Jim Miller, Savvy Senior is published in more than 400 newspapers and magazines nationwide. Read more.

The Case for Co-ops

There’s something odd about 13th and Olive. Better known as Crap, er, Capstone, it’s a pretty blunt edition to downtown Eugene. But something about it just doesn’t quite make sense. A handful of the first-floor rooms are completely uninhabited, and yet they’re all done up: televisions turned on, beds made, journals on the desks and one or two lone T-shirts hanging in the closet. Read more.

Philadelphia Area Cooperative Alliance Philadelphia, Pennsylvania

Philadelphia Area Cooperative Alliance is a cooperative that exists to serve our co-op members and also a 501(c)3 nonprofit dedicated to growing the cooperative economy. Read more.

Coalitions and Cooperation

NAHC regularly participates with coalitions of multi-family affordable housing organizations, cooperative organizations including the National Cooperative Bank, the National Cooperative Business Association and Credit Unions as well as consumer organizations including the Consumer Federation of America, in support of federal initiatives to benefit our members.

NAHC has joined coalitions in signing letters of support particularly to maintain (or increase) funding for affordable housing.


 

Buying a Co-op with ‘Dummy Money’

Ask Real Estate is a weekly column that answers questions from across the New York region. 

Padding the Coffers

My fiancé and I bid on an apartment in the Bronx that requires us to have at least two years of mortgage and maintenance in savings, which we could borrow from a bank. Read more.

Residents buy two Rockland-area mobile home parks

ROCKLAND, Maine — Nearly 100 families have more secure housing after two mobile home parks were purchased by their residents. Read more.

 New Video: How Not to Shop for Medicare

Choosing your Medicare coverage is not a “one-size-fits-all” decision. What works for one person may be totally different than what would work for you.

Rather than going with the first plan you hear about from your friend or coworker, it’s important to evaluate all of your options and find the best fit for your needs (and potentially save hundreds of dollars a year, or get access to higher quality care). Learn more.

Tax Escalation Clauses Save Money

Want to maximize commercial rents without affecting your tax status? Until the end of 2007, the so-called “80/20 rule“ of the federal tax code limited the rents that many cooperatives could collect for commercial space (only 20 percent of a co-op’s income could be non-shareholder). When the 80/20 rule was liberalized in 2007, it was suddenly possible for many cooperatives to adopt new techniques used by commercial landlords to collect more rent. Read more here.

Dealing with Illegal Hotel Rooms and Short-Term Rentals

When you consider the amount of money that people stand to make by renting out a room in their apartments, you can understand why so many co-op and condo boards have to handle shareholders and unit-owners who want to get in on some Airbnb action. Many of them may ask… (read more)

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Housing Cooperative News

Hurricane Planning Tips

This page explains what actions to take when you receive a hurricane watch or warning alert from the National Weather Service for your local area. It also provides tips on what to do before, during, and after a hurricane…Read more.

Austin, TX, City resolution expands city housing financial aid to co-ops

Austin is in the process of allowing housing cooperatives to apply for city housing financial aid in an effort to expand housing options and reduce rent for members of co-ops.

In a resolution passed unanimously by the Austin City Council on Aug. 17, the city manager is now tasked with finding ways to allow co-ops to become eligible for financial aid through the city’s affordable housing initiatives…Read more.

Co-op and Condo Group Resists Mandatory Smoking Policies

There is a short stack of legislative proposals before the New York City Council and the state General Assembly that seek to change the way co-op boards determine who buys into housing cooperatives. Some of these proposals would limit the amount of time boards have to notify a potential purchaser that his or her application is complete; others would limit the amount of time boards have to accept or reject a completed application; and others would require boards to provide their reasons for rejecting a purchase application, something they are not currently required to do. Co-op advocates have spoken out, vociferously, against the proposals, arguing that they’re unnecessary impediments to the conduct of co-op board business, which is, in their opinion, largely expeditious and free of discrimination…Read more.

Blog Focuses on Lead Poisoning of Children in Communities of Color

A blog post in HealthAffairs by Emily Benfer, a senior fellow and distinguished visiting scholar at the Yale Law School, describes the extent to which minority children are disproportionately affected by lead-based paint hazards and the prevalence of lead-based paint hazards in HUD-assisted homes, and it criticizes a limitation of HUD’s recently revised lead-based paint rule…Read More.

Study Finds Airbnb Increases Rents

A new study by Kyle Barron, Edward Kung, and Davide Prosperpio, The Sharing Economy and Housing Affordability: Evidence from Airbnb, finds that a 10% increase in Airbnb listings in a neighborhood leads to a 0.39% increase in rents. Airbnb’s impact is stronger in neighborhoods with more absentee landlords and weaker in neighborhoods with more owner-occupants. The findings suggest that Airbnb incentivizes absentee landlords to remove their properties from the long-term rental market and rent them to short-term tenants, causing rents for long-term leases to increase…Learn More.

Rebuilding Together gets grant to improve properties

Rebuilding Together, Saratoga County received a $300,000 grant from the New York State Homes and Community Renewal Affordable Home Ownership Development Program.

The grant will be used to assist with the home improvement of approximately 15 units throughout Saratoga County.

The amount of homes the grant will help varies depending on applications Rebuilding Together receives…Learn More.

Funding announced to rehabilitate 271 homes in NY

The New York Governor’s Office announced $7.4 million in funding to construct and rehabilitate 271 owner-occupied homes in the state.

The funding was awarded through the New York State Homes and Community Renewal Affordable Home Ownership Development Program. The programs has already awarded nearly $192 million to create or improve more than 9,700 homes across the state…Learn More.

Westchester Company To Pay $125K In Damages, Penalties After Settlement

A Westchester County property management company and co-op building has agreed in federal court to pay more than $100,000 in damages following a complaint of discrimination on the basis of disability…Learn More.

FIXING A ‘MESS’

Accessory dwelling units, or “granny flats,” and housing cooperatives are something else he expects to be a topic of interest, along with the potential for “tiny houses,” which are typically 400 square feet or smaller…Learn More.

Another Way Forward: Communities Battle Against Gentrification

As real-estate markets are increasingly subjected to the pressures of globalization, gentrification has become an almost universal woe of capitalist cities around the world. Today in Berlin, the city is instituting the Milieuschutz Laws, which we outlined in the first installment of two-part series as being some of the most progressive municipal policies in the world meant to curb gentrification in historically affordable areas. While these are positive steps, the history of the affordable housing struggle in Berlin stretches back decades, and was traditionally led not by city government, but by students, artists and immigrants….Learn More.

NCB’s Charles E. Snyder Honored with the Esther Peterson Consumer Service Award from Consumer Federation of America

Charles E. Snyder, National Cooperative Bank’s President and CEO, was awarded the 2017 Esther Peterson Consumer Service Award at the Consumer Federation of America’s 47th Annual Awards Dinner held on June 14, 2017 at the Capital Hilton in Washington, D.C…Learn More.

City of Boulder to Begin Accepting Applications for Cooperative Housing on June 1

On June 1, the City of Boulder will begin accepting applications for Cooperative Housing licenses. The first licenses will be issued on or before July 17. Applications will be available at 1739 Broadway on the third floor or online. An outline of the application and approval process, along with a list of frequently asked questions, is available online as a reference…Learn More.

Housing co-ops a potential affordable housing solution

Providing affordable housing options is a tough nut to crack — especially in a booming housing market like Asheville’s. While city voters approved $25 million in spending on affordable housing as part of a 2015 bond referendum totaling $74 million, the question remains: What’s the best way to spend money to support affordable housing solutions?… Read More.

Bank Partnership Spurs Resident-Owned Manufactured Housing

With more than 50,000 manufactured housing communities in the United States—roughly six percent of the overall housing market—borrowers are drawn to manufactured homes, as they often cost significantly less than new site-built housing. As such, manufactured housing remains a critical source of affordable housing for many consumers—particularly the elderly, low- to moderate-income families and those living in rural communities… Read More.

Zillow Examines Food Deserts in Metropolitan Areas

An analysis by Zillow shows that 20 percent of the nation’s non-rural population, or 47.3 million people, have low incomes and low access to fresh food, which is defined as being located a half mile or more from the nearest fresh, whole food source… Read More.

Co-ops back in U.S. Census after 20-year absence

NCBA CLUSA is thrilled to announce that a decades-long absence of federally-reported data on co-ops in the U.S. will end with the 2017 Economic Census. The Office of Management and Budget on Friday approved without change or question the main 2017 Economic Census… Read More.

Cody Curtis: Nevada City must commit to affordable housing

For many of us who have come to contribute to the life of this place, the cost of housing is draining our energies and driving us away.

On April 20, the Nevada City Planning Commission will review a housing project called “The Grove” which would be the largest development in Nevada City’s recent history. This presents a much-needed opportunity to increase the city’s housing stock… Read more.

City Encourages Organizations to Apply to Be Expert Cooperative Housing Organizations

The City of Boulder is requesting applications from qualified organizations to serve as Expert Cooperative Housing Organizations (ECHO). An ECHO is an organization recognized by the city manager as having experience and expertise in the formation, operation and organization of cooperative housing units. The role of these organizations will be to train, verify legitimacy and provide recommendations to city staff regarding prospective housing cooperatives that have applied for a license from the city… Read more.

Will Toor: Time for Boulder to step up on housing

I am proud to live in a town that is making it clear that it will stand up to Donald Trump’s attacks on American values. In November, our mayor joined mayors across the country in a letter to Mr. Trump making it clear that cities will continue to act on climate change even if the president tries to throw up obstacles. In January, the council made it clear that Boulder will not cooperate with efforts to deport undocumented residents and break up families… Read more.

The Rich History of African American Cooperatives

Last month I had the great privilege of attending the North American Students of Cooperation (NASCO) Institute with two fellow CU Boulder students and seven additional members of the Boulder community…Read more.

Are Co-Ops the Answer to Expensive Housing?

Living with roommates is no longer just for college kids and Denver’s expanding millennial population. As builders struggle to keep up with the Mile High City’s housing demand… Read more.

Savvy Seniors Financial Education

For many disadvantaged older adults, the path to economic security begins with basic money management. Learning how to budget, avoid scams, apply for benefits… Read more.

Sarah Dawn Haynes: Co-ops: Don’t Repeat Mistakes of the Past (Boulder, CO)

After months of public debate — including many Mr. Rogers references — last week City Council took a big step forward and dove into substantive discussion of the cooperative housing ordinance. Council asked City Attorney Tom Carr to re-write large portions of the complex draft law. Read more.

Designing A San Francisco With The 100,000 New Housing Units The City Needs

To bring down San Francisco’s out-of-control rents, the city’s chief economist estimated that it needs to build an extra 100,000 housing units in the next few decades.  Read more.

New commission might help SF housing crisis

A recent op-ed by Supervisor Mark Farrell in the San Francisco Examiner — “New, costly ‘Peskin Commission’ is not the answer to the housing crisis” (Aug. 9) — that opposed the creation of a commission having oversight over the Mayor’s Office of Housing and Community Development was a classic ad hominem attack. Read more.

Co-ops can be part of solution

As Boulder housing prices continue to rise, with the cost of an average home now over $1 million, the City Council has begun evaluating a variety of options to maintain a middle class of people able to live inside city limits. Read more.

Settlement sets stage for new chapter at Parade Park Homes near 18th and Vine

A Jackson County judge gleefully approved a mediated settlement Tuesday to a contentious lawsuit over the potential redevelopment of the Parade Park Homes residential complex near the 18th and Vine Jazz District. Read more.

More openness needed at co-ops

Co-op members and board members may find interesting some guidance from Robert Szold, the attorney who created the legal foundation for Amalgamated Houses, Park Reservoir, and many other New York cooperatives.  It is taken from “The Functions and Duties of Directors of a Housing Cooperative,” a statement delivered by Robert Szold in 1956. Read more.

Affordable housing demands creative thinking and action

Some 40 million American households are paying more than a third of their incomes on rent, according to a recent article in the Wall Street Journal. This is particularly disconcerting given that the number had been trending downward in recent years. It infers a continuing rental affordability crisis due in no small part to a deepening income inequality across the U.S. Add to that a growing shortage in appropriate housing to meet the needs of our aging population (by 2030, one in every five Americans will be 65 or older), and it’s clear that the time for communities to address affordable and alternative strategies is now.

A forever home: Co-op veterans take communal

Gabrielle Hinahara has lived at Ambrosia Co-op for three years. While she’s loved the communal living experience Madison Community Cooperative houses offer, Hinahara wants something a little more settled. Read more.

Minneapolis may open door to more communal living

One City Council member seeks to change rules that limit the number of unrelated people who can live under the same roof. Read more.

The Decades Long Battle to Bring Reverse Mortgages to NYC Co-Ops

Many seniors living in housing cooperatives are largely shutout of the ability to tap into their housing wealth using a reverse mortgage. But while there has been little movement from regulators to expand reverse mortgage access to co-ops, there are several organizations who—even after 16 years—are not giving up the fight just yet. Read more.

Discover NCOA’s Aging Mastery Program®

Join us for a webinar on June 28 to discover all of the elective courses now being offered through NCOA’s unique Aging Mastery Program® (AMP)—and get a sneak peek at classes in development. AMP is a fun, innovative, and person-centered education program that empowers older adults to embrace their gift of longevity by spending more time each day doing things that are good for themselves and for others. Read more.

Longtime residents of an affordable housing cooperative near Kansas City’s historic jazz district are concerned a $76 million redevelopment plan will force them out of their homes

KANSAS CITY, Missouri — Archie Williams has lived in the Parade Park Homes complex just east of 18th and Vine for 41 years and savors the neighborhood’s proud African-American heritage. Read more.

Court hears dispute over Parade Park Homes

A three-day hearing started Wednesday in Jackson County Circuit Court over the future of the Parade Park Homes complex near the 18th and Vine Jazz District.  Read more.

Advocate wants to turn parking lots into housing

Some of the most successful cities in the country are in a housing crisis, and advocates want to see the focus change from preservation to affordability. Read more.

Mortgages for co-op owners

If you’re 62 or older and own your own private home or certain approved condominium — and want money to pay off your mortgage, supplement your income or pay for healthcare expenses — you may be able to consider a reverse mortgage. Read more.

Senior Housing Cooperatives Sweeping the Midwest

KANSAS CITY, Mo., May 13, 2016 /PRNewswire/ — On Friday, May 13, 2016, Real Estate Equities Development, LLC, a senior housing cooperative developer, announced plans for multiple Village Cooperative senior housing communities coming soon to the Northland area in Kansas City. Read more.

Bipartisan Policy Center Releases Action Agenda for Healthy Aging

Healthy Aging Begins at Home, a report released by the Bipartisan Policy Center, outlines an actionable policy agenda to accommodate America’s older adults. Read more.

Sheetrocker Brings It All Back Home

Darren Smith found his way back to the old Dwight Co-ops with a drill and a T-square in hand so he could help give his childhood housing complex a second chance — along with his own carpentry dreams. Read more.

UrbaNerd: Some Numbers on Abandoned Property and Affordable Housing

In an article City Limits published Monday, reporter Abigail Savitch-Lew wrote a little about the city’s Tenant Interim Lease (TIL) program and Third Party Transfer programs. Abby’s article was about community land trusts, one of the newish ideas that some advocates hope the city will embrace as it aims to preserve 120,000 units of affordable housing and construct 80,000 over a decade. Read more.

City Slow to Embrace Land Trusts as Housing Tool

Across New York City, from the Far Rockaways to the South Bronx and from Bushwick to East Harlem, low-income communities are showing increasing fascination with the community land trust model. One might even call it a movement. Read more.

Minneapolis may open door to more communal living

One City Council member seeks to change rules that limit the number of unrelated people who can live under the same roof. A Minneapolis City Council member is looking to change the city’s rules about what makes a family — at least for the purposes of deciding who can legally live under one roof. Read more.

Funding Available To Assist Housing For Low Income

ALBANY—A total of $59 million is available to construct, rehabilitate, and improve the homes of income-eligible families across New York State. Read more.

SF Land Trust Acquires Another SoMa Building, Thwarting Future Evictions

Representatives from the San Francisco Land Trust, the city and a handful of Central SoMa neighborhood organizations gathered this morning outside 568-570 Natoma St. to celebrate the trust’s acquisition of the five-unit, rent-controlled building. Read more.

City’s Housing Plan Moves Away from Bolstering Homeownership

In a city with skyrocketing rents, homeownership can seem like the ultimate prize, a guard against displacement and a fast way to accrue wealth. Yet New York continues to be a city of renters: Only 31 percent of city households own homes, as opposed to 64 percent nationwide—and no city-sponsored policy is about to make that change. Read more.

Savvy Senior

Savvy Senior is a nationally syndicated information column devoted to older adults and the families who support them. Researched and written by senior advocate, author and NBC Today show contributor Jim Miller, Savvy Senior is published in more than 400 newspapers and magazines nationwide. Read more.

The Case for Co-ops

There’s something odd about 13th and Olive. Better known as Crap, er, Capstone, it’s a pretty blunt edition to downtown Eugene. But something about it just doesn’t quite make sense. A handful of the first-floor rooms are completely uninhabited, and yet they’re all done up: televisions turned on, beds made, journals on the desks and one or two lone T-shirts hanging in the closet. Read more.

Philadelphia Area Cooperative Alliance Philadelphia, Pennsylvania

Philadelphia Area Cooperative Alliance is a cooperative that exists to serve our co-op members and also a 501(c)3 nonprofit dedicated to growing the cooperative economy. Read more.

Coalitions and Cooperation

NAHC regularly participates with coalitions of multi-family affordable housing organizations, cooperative organizations including the National Cooperative Bank, the National Cooperative Business Association and Credit Unions as well as consumer organizations including the Consumer Federation of America, in support of federal initiatives to benefit our members.

NAHC has joined coalitions in signing letters of support particularly to maintain (or increase) funding for affordable housing.


 

Buying a Co-op with ‘Dummy Money’

Ask Real Estate is a weekly column that answers questions from across the New York region. 

Padding the Coffers

My fiancé and I bid on an apartment in the Bronx that requires us to have at least two years of mortgage and maintenance in savings, which we could borrow from a bank. Read more.

Residents buy two Rockland-area mobile home parks

ROCKLAND, Maine — Nearly 100 families have more secure housing after two mobile home parks were purchased by their residents. Read more.

 New Video: How Not to Shop for Medicare

Choosing your Medicare coverage is not a “one-size-fits-all” decision. What works for one person may be totally different than what would work for you.

Rather than going with the first plan you hear about from your friend or coworker, it’s important to evaluate all of your options and find the best fit for your needs (and potentially save hundreds of dollars a year, or get access to higher quality care). Learn more.

Tax Escalation Clauses Save Money

Want to maximize commercial rents without affecting your tax status? Until the end of 2007, the so-called “80/20 rule“ of the federal tax code limited the rents that many cooperatives could collect for commercial space (only 20 percent of a co-op’s income could be non-shareholder). When the 80/20 rule was liberalized in 2007, it was suddenly possible for many cooperatives to adopt new techniques used by commercial landlords to collect more rent. Read more here.

Dealing with Illegal Hotel Rooms and Short-Term Rentals

When you consider the amount of money that people stand to make by renting out a room in their apartments, you can understand why so many co-op and condo boards have to handle shareholders and unit-owners who want to get in on some Airbnb action. Many of them may ask… (read more)