MAKE CANDIDATES AWARE OF
COOPERATIVES & CONDOMINIUMS
DEMAND THEIR SUPPORT OF
THE ABATEMENT EXTENDER
There is a presidential election this year, one third of the United State Senate
and all of the House of Representatives will stand for election, and, in New
York State, all the seats in the Assembly and the State Senate are up for
election. It is likely that there will be people campaigning in your neighborhood,
seeking to shake your hand at subway stops, to talk with you at street fairs, to ask
your support for their candidacy.
Please find time to take advantage of the important opportunity that this offers
you. Ask every candidate (and surrogate) what they plan to do for housing cooperatives
and condominiums. Let them know – particularly if they are running for
the State Senate or the Assembly – how very concerned you are about the property
tax abatement program. Tell them about your cooperative or condominium.
How tightly its budget is stretched already! How devastating it would be to lose the
well-deserved abatement of property taxes.
Help the candidates understand that your cooperative or condominium is an
important constituent, that it houses families committed to this city and their community,
that co-op and condo home owners vote in far more statistically significant
numbers that the general public, and that you want and need elected officials who
share your concerns and understand your issues.
ASK HELP WITH UNFUNDED MANDATES
The cost involved in maintaining cooperatives and condominiums in New York
City today continue to grow. In addition to soaring property taxes (see pages 1-5),
compliance is required with a growing number of well-intentioned laws and rules
relating promoting energy efficiency (see page 6) clean air (page 7), preservation
of the past (see page 11). Each of these imposes additional costs on the cooperative
At the same time, incentive opportunities are becoming fewer and fewer; the
J-51 program that helped owners defray the cost of capital improvements has
sunset. Even if it is renewed, it will exclude all but a very few cooperatives and
condominiums (see page 10). There is some NYSERDA funding available for
energy saving improvements (see page 11), but these are not sufficient to help all
the buildings that need quickly to make changes. The growing trend toward creating
landmarked districts around the city also greatly increases the cost – both in
time and in dollars – of any alterations to these properties.
Your discussions with candidates and elected officials should mention how
your cooperative or condominium is affected by unfunded mandates. Try to raise
awareness among candidates of the cost that the laws they write can impose
upon buildings like yours. A careful evaluation of financial impact might bring
great improvements in future laws and regulations. Suggest that ways of offsetting
the cost of required measures be incorporated into all future mandates.