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It’s Time To Fix the Co-Op Problem (New York Law Journal)

New York Law Journal, February 16, 2021

It’s Time To Fix the Co-Op Problem

Written by K. Scott Kohanowski, Director of the City Bar Justice Center’s Homeowner Stability Project

The COVID Relief Act, however, perpetuates a glaring omission in New York law by excluding a single class of New York residents—owners of co-op apartments…. It is time for New York to protect all owner-occupants of residential property and urgently close the loophole that denies Mr. R and other at-risk co-op unit owners the protections accorded to similarly situated homeowners.

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