A condominium, cooperative, or homeowners’ association elects its board for a specific purpose: to manage the community’s day-to-day business, oversee special projects, and draft and uphold the rules and regulations that keep life orderly a…
This publication spends a lot of time exploring and explaining the duties and purpose of multifamily boards–the benefits and drawbacks of serving on them, and even the difficulty that many buildings and communities have with motivating owne…
As the days get longer, warmer, and more full of outdoor activity, multifamily boards and property managers must consider a whole new list of maintenance and preparation tasks to ready their buildings for the approaching summer. It’s finall…
Windows give us the ability to enjoy pleasant views, provide natural light, insulation, and ventilation, and add to a building’s overall aesthetic. When regularly cleaned and properly maintained, they improve energy efficiency, easing the b…
Any community looking to create and/or maintain a landscaped area these days ought to consider integrating smarter, greener practices and products to maximize environmental benefits, minimize overuse of resources, and sustainably provide be…
In a recent essay published in the National Housing Conference (NHC)’s newsletter, NHC President and CEO David M. Dworkin breaks down ‘What we know about Fannie and Freddie as we begin the 10th week of revolutionary change’ for readers. …
Homeownership stands as a cornerstone of the American dream, providing individuals and families with the opportunity to accumulate wealth and maintain relatively consistent housing costs over time. The financial stability derived from homeo…
On March 2, the US Treasury Department announced via press release that not only will it not enforce any penalties or fines associated with the beneficial ownership information reporting rule under the existing Corporate Transparency Act (C…
Q. Is there a definition of ‘owner-occupied’ in Illinois for co-ops? The issue is whether a mom and dad could purchase a unit in our co-op for their son or daughter who would be living in the unit alone. Or could a son/daughter purchase a…
One of the certainties of living in a co-op, condo, or HOA is that despite all having an equal stake in the financial and administrative success of the building or association, only a small percentage of residents choose to take an active r…