Keep co-ops affordable
The sponsors of the bill to further regulate housing co-ops are moving a new bill before the Westchester County Board of Legislators that it will require under penalty of law that applicants should be a given a reason in writing when their application is rejected, despite well-documented concerns about the liability and potential costs to co-ops. They need to hear from you!!
Since the first coops admissions law was passed in 2018, 90% of applications have been approved. Of those that were rejected, most were either incomplete applications or because of financials. The very few rejections that were for another reason typically involved a potential purchaser who made clear he, she, or they did not intend to follow house rules, or where something troubling that had previously not been disclosed came up in the reference or credit check. Unfortunately, these atypical situations are the ones most likely to get contentious and potentially lead to expensive litigation.
Please write to County Executive George Latimer and your representative of the Westchester County Board of Legislators, and let them know your building cannot afford that level of liability. You can use our suggested letter or write your own using our online tool.
Keep co-ops affordable
The sponsors of the bill to further regulate housing co-ops are moving a new bill before the Westchester County Board of Legislators that it will require under penalty of law that applicants should be a given a reason in writing when their application is rejected, despite well-documented concerns about the liability and potential costs to co-ops. They need to hear from you!!
Since the first coops admissions law was passed in 2018, 90% of applications have been approved. Of those that were rejected, most were either incomplete applications or because of financials. The very few rejections that were for another reason typically involved a potential purchaser who made clear he, she, or they did not intend to follow house rules, or where something troubling that had previously not been disclosed came up in the reference or credit check. Unfortunately, these atypical situations are the ones most likely to get contentious and potentially lead to expensive litigation.
Please write to County Executive George Latimer and your representative of the Westchester County Board of Legislators, and let them know your building cannot afford that level of liability. You can use our suggested letter or write your own using our online tool.