Cooperative Housing News

NEW IDEAS for the up community COMMUNITY PLAN We need co-op housing;

We need living green walls. Studio City as always, the vanguard for well-planned community development. Read more

CALL TO ACTION – Paycheck Protection Program (PPP) for Housing Cooperatives

Good news! Housing cooperatives were included in the recent House passed Heroes Act.   Although the Senate will not consider this specific legislation, they will include some  provisions from it in a likely next stimulus package.

Senators Schumer and Gillibrand, as well as many NY representatives sent this letter to Treasury Secretary Steve Mnuchin and Small Business Administrator Secretary Jovita Carranza seeking eligibility for housing cooperatives to be included in the PPP.

Now, we need your help. Please e-mail your Senators and ask them to include PPP eligibility for housing cooperatives in the next stimulus package. Please do it today and ask everyone in your cooperative to e-mail them too. To contact them, simply go to Democracy.io and send them the following message:

The Small Business Administration’s Paycheck Protection Program (PPP)
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Now is the Time to Take Radical Steps Toward Housing Equity

It’s time to think big about housing. No more evictions and foreclosures. Rent and mortgage cancellation on a grand scale. Twelve million new green housing units in the next 10 years. A massive reinvestment in housing under public control, resident control, and community control. Rent freezes, rent control, tenant protections, and anti-displacement measures across the nation. Read more

Op-Ed All I Want for Mother’s Day is Relief for All

When I was 4 years old, my mother made the difficult decision to leave Mexico City with me and my brother to reach the United States, for the promise of a better life. As a single mother, she was barely able to afford an apartment and she worked incredibly hard to provide me with a better chance of success in life. We lived in Spanish Harlem at first, but after my aunt was stabbed, we moved out to Bushwick where we thought it was safer. Read more

Valone Calls on Congress For Co-ops, Condos CARES Relief

Council Member Paul A. Vallone (D-Alley Pond Park, Bay Terrace, Bayside, College Point, Douglaston, East Elmhurst, Flushing, Fresh Meadows, Little Neck, Whitestone) announced on Friday he will introduce a resolution calling on Congress and President Trump to expand the CARES Act and Payroll Protection Program (PPP) to include considerations for housing cooperatives and condominiums. Read more

Queens lawmaker introduces new legislation seeking to cancel rent and mortgage payments nationwide

As millions of tenants were unable to pay rent on April 1, and with no clear end to the COVID-19 crisis in sight, a Queens lawmaker is helping to introduce a new legislation to cancel rent and mortgage payments nationwide.

Congresswoman Grace Meng on April 20 announced the Rent and Mortgage Cancellation Act, which would constitute a full forgiveness of payment, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history. Read more

Confusion Over COVID-19 Mortgage Relief Programs

Government relief for homeowners facing difficulties paying their mortgages has been a slow and confusing process: thousands of homeowners are spending several hours waiting to speak with their mortgage service providers and the options given may not be suitable for a household suffering from the loss of a significant portion of their income due to the novel coronavirus epidemic, says the Center for New York City Neighborhoods, a homeownership advocacy group. Read more

Ensuring Access to Needed Medications During the COVID-19 Pandemic

One of the challenges many people may face during the coronavirus pandemic is access to needed prescription and over-the-counter medications. Our tips below offer advice for how to get your medications, as well as find help affording them. Read more

Getting the Care You Need via Telemedicine

Keeping on top of your healthcare needs is now more important than ever, but due to the COVID-19 virus, you may be asked by your healthcare system or local physician’s office to avoid in-person visits. Avoiding in-person visits helps control the spread of the disease and ensures that the most critically ill receive frontline care. But just because you may not be able to see your healthcare provider in person does not mean that you should not seek out medical care. Read more

New York City’s affordable HDFC co-ops, explained

New York City’s affordable housing stock mostly consists of rental apartments, but for those who are in the market to buy, there is one reliable source for homeownership on a budget. Housing Development Fund Corporation cooperatives, better known as HDFC co-ops (which are also advertised as “income-restricted” or “restricted sale” apartments), are often priced much lower than a typical NYC apartment, but require buyers to meet certain income caps while also having significant financial assets on hand. Read more

Chicago: With East Garfield Park Ripe For Gentrification, Residents Draw Up Blueprint To Protect Themselves

The community-driven plan was created over the past year in response to rising rents and new development coming to the area.

The West Side may get a lot of bad press about gun violence and poverty, but legacy residents of East Garfield Park have always known their neighborhood is prime real estate. Just a 10-minute ride Downtown by the Green Line, the neighborhood is positioned within arm’s reach of the city’s major employment centers like the Kinzie Industrial Corridor, as well as some of Chicago’s best attractions like the United Center and the Garfield Park Conservatory. Read more

EEI Statement on Suspending Electric Service Disconnections

Edison Electric Institute (EEI) President Tom Kuhn today announced that all EEI member companies are suspending electricity disconnects for nonpayment nationwide. Many companies already have made this commitment in their local service territories. Read on (PDF)

NY Eviction Bill Raises Concerns For Residential Owners

Highlights

  • A bill introduced in the New York State Senate would preclude the owners of cooperatives, condominiums, hotels and rental buildings from being able to evict a tenant, subtenant, or someone without a lease or other occupancy agreement (broadly defined as a “tenant”) unless the landlord can demonstrate good cause for the eviction.
  • If enacted, the legislation would fundamentally change how someone owning real estate could treat an occupant of space regardless of whether the occupant had a legal right to occupy the space, which would seriously damage the economic viability of residential real estate such as cooperatives, condominiums and hotels.
  • The legislation applies to all residential real estate except for rent-stabilized and rent-controlled apartments as well as single-family homes.

Read the article

Coronavirus: What Older Adults Need to Know

The situation around the novel coronavirus (COVID-19) is changing rapidly, and NCOA is taking proactive steps to share the best information we have to protect the public’s health, especially among older adults. Now is the time to stay informed and follow basic tips to protect yourself and those around you. Read more

Opinion: We Need Housing Guarantee for Brooklyn’s Working Families

In 1949, President Harry Truman signed the Housing Act to provide “a decent home and suitable living environment for every American family.” Now 70 years later, our country is in an affordable housing crisis and homeownership is at record lows. Access to housing is a human right and a quintessential part of the American Dream, and yet, for far too many Americans, rents are increasing at alarming rates and buying a home is completely out of reach. Read more

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.

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.

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Cooperative Housing News

NEW IDEAS for the up community COMMUNITY PLAN We need co-op housing;

We need living green walls. Studio City as always, the vanguard for well-planned community development. Read more

CALL TO ACTION – Paycheck Protection Program (PPP) for Housing Cooperatives

Good news! Housing cooperatives were included in the recent House passed Heroes Act.   Although the Senate will not consider this specific legislation, they will include some  provisions from it in a likely next stimulus package.

Senators Schumer and Gillibrand, as well as many NY representatives sent this letter to Treasury Secretary Steve Mnuchin and Small Business Administrator Secretary Jovita Carranza seeking eligibility for housing cooperatives to be included in the PPP.

Now, we need your help. Please e-mail your Senators and ask them to include PPP eligibility for housing cooperatives in the next stimulus package. Please do it today and ask everyone in your cooperative to e-mail them too. To contact them, simply go to Democracy.io and send them the following message:

The Small Business Administration’s Paycheck Protection Program (PPP)
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Now is the Time to Take Radical Steps Toward Housing Equity

It’s time to think big about housing. No more evictions and foreclosures. Rent and mortgage cancellation on a grand scale. Twelve million new green housing units in the next 10 years. A massive reinvestment in housing under public control, resident control, and community control. Rent freezes, rent control, tenant protections, and anti-displacement measures across the nation. Read more

Op-Ed All I Want for Mother’s Day is Relief for All

When I was 4 years old, my mother made the difficult decision to leave Mexico City with me and my brother to reach the United States, for the promise of a better life. As a single mother, she was barely able to afford an apartment and she worked incredibly hard to provide me with a better chance of success in life. We lived in Spanish Harlem at first, but after my aunt was stabbed, we moved out to Bushwick where we thought it was safer. Read more

Valone Calls on Congress For Co-ops, Condos CARES Relief

Council Member Paul A. Vallone (D-Alley Pond Park, Bay Terrace, Bayside, College Point, Douglaston, East Elmhurst, Flushing, Fresh Meadows, Little Neck, Whitestone) announced on Friday he will introduce a resolution calling on Congress and President Trump to expand the CARES Act and Payroll Protection Program (PPP) to include considerations for housing cooperatives and condominiums. Read more

Queens lawmaker introduces new legislation seeking to cancel rent and mortgage payments nationwide

As millions of tenants were unable to pay rent on April 1, and with no clear end to the COVID-19 crisis in sight, a Queens lawmaker is helping to introduce a new legislation to cancel rent and mortgage payments nationwide.

Congresswoman Grace Meng on April 20 announced the Rent and Mortgage Cancellation Act, which would constitute a full forgiveness of payment, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history. Read more

Confusion Over COVID-19 Mortgage Relief Programs

Government relief for homeowners facing difficulties paying their mortgages has been a slow and confusing process: thousands of homeowners are spending several hours waiting to speak with their mortgage service providers and the options given may not be suitable for a household suffering from the loss of a significant portion of their income due to the novel coronavirus epidemic, says the Center for New York City Neighborhoods, a homeownership advocacy group. Read more

Ensuring Access to Needed Medications During the COVID-19 Pandemic

One of the challenges many people may face during the coronavirus pandemic is access to needed prescription and over-the-counter medications. Our tips below offer advice for how to get your medications, as well as find help affording them. Read more

Getting the Care You Need via Telemedicine

Keeping on top of your healthcare needs is now more important than ever, but due to the COVID-19 virus, you may be asked by your healthcare system or local physician’s office to avoid in-person visits. Avoiding in-person visits helps control the spread of the disease and ensures that the most critically ill receive frontline care. But just because you may not be able to see your healthcare provider in person does not mean that you should not seek out medical care. Read more

New York City’s affordable HDFC co-ops, explained

New York City’s affordable housing stock mostly consists of rental apartments, but for those who are in the market to buy, there is one reliable source for homeownership on a budget. Housing Development Fund Corporation cooperatives, better known as HDFC co-ops (which are also advertised as “income-restricted” or “restricted sale” apartments), are often priced much lower than a typical NYC apartment, but require buyers to meet certain income caps while also having significant financial assets on hand. Read more

Chicago: With East Garfield Park Ripe For Gentrification, Residents Draw Up Blueprint To Protect Themselves

The community-driven plan was created over the past year in response to rising rents and new development coming to the area.

The West Side may get a lot of bad press about gun violence and poverty, but legacy residents of East Garfield Park have always known their neighborhood is prime real estate. Just a 10-minute ride Downtown by the Green Line, the neighborhood is positioned within arm’s reach of the city’s major employment centers like the Kinzie Industrial Corridor, as well as some of Chicago’s best attractions like the United Center and the Garfield Park Conservatory. Read more

EEI Statement on Suspending Electric Service Disconnections

Edison Electric Institute (EEI) President Tom Kuhn today announced that all EEI member companies are suspending electricity disconnects for nonpayment nationwide. Many companies already have made this commitment in their local service territories. Read on (PDF)

NY Eviction Bill Raises Concerns For Residential Owners

Highlights

  • A bill introduced in the New York State Senate would preclude the owners of cooperatives, condominiums, hotels and rental buildings from being able to evict a tenant, subtenant, or someone without a lease or other occupancy agreement (broadly defined as a “tenant”) unless the landlord can demonstrate good cause for the eviction.
  • If enacted, the legislation would fundamentally change how someone owning real estate could treat an occupant of space regardless of whether the occupant had a legal right to occupy the space, which would seriously damage the economic viability of residential real estate such as cooperatives, condominiums and hotels.
  • The legislation applies to all residential real estate except for rent-stabilized and rent-controlled apartments as well as single-family homes.

Read the article

Coronavirus: What Older Adults Need to Know

The situation around the novel coronavirus (COVID-19) is changing rapidly, and NCOA is taking proactive steps to share the best information we have to protect the public’s health, especially among older adults. Now is the time to stay informed and follow basic tips to protect yourself and those around you. Read more

Opinion: We Need Housing Guarantee for Brooklyn’s Working Families

In 1949, President Harry Truman signed the Housing Act to provide “a decent home and suitable living environment for every American family.” Now 70 years later, our country is in an affordable housing crisis and homeownership is at record lows. Access to housing is a human right and a quintessential part of the American Dream, and yet, for far too many Americans, rents are increasing at alarming rates and buying a home is completely out of reach. Read more

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.

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.