Tag Archives: buildings

NY: Smoking Bans Hitting Home

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

New York has been taking an increasingly tough stance toward smoking, but virtually all residential buildings have drawn the line at telling people they can’t smoke in their own apartments.
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NY: Towers Built for Poor Hear the Call of the Condo

News items of national interest regarding Condominium and Homeowner associations, compiled by the Community Associations Network

For generations of space-starved New Yorkers, Cobble Hill Towers has been an affordable oasis. More than 130 years ago, its architect, Alfred Tredway White, designed its nine low-rise, red-brick buildings to demonstrate that housing for the poor could be both humane and economically feasible.
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Forever Young? Don’t Bet Your Reserves on It!

Commercial structures such as office and apartment buildings have planned obsolescence.  When they get old, they are renovated, sold or torn down and rebuilt, which usually happens every 40 to 50 years.  With our tax laws, it just doesn’t make economic sense to do otherwise. 

There is no similar economic motivation for obsolete community associations.  Condominiums and cooperatives may not be rebuilt or renovated without the approval of most of the individual shareholders.  The number of association buildings that have not been properly maintained and are at the end of their economic life is growing; and, for too many, inadequate reserves have been set aside.

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