What is a community land trust? How does it help low-income buyers?

… of the property This protects the property from speculative buyers he explained The whole point is to ensure the … make sure the housing is always affordable to lowerincome buyers Its a mechanism to ensure affordability Dallas said … … leader announced last week he secured $1400000 in federal funding for Interboro CLT The funding will be used …

By Jennifer White Karp |February 25, 2025 - 2:00PM
Brad Lander pitches homesharing and co-ownership for city workers to ease the housing crisis

… Youve also proposed a coownership plan to help city workers buy property The plan involves the city pension fund putting … the other $400000 and now that teacher and her family can buy that $800000 home  Lets say they own it for a few years … to support more market development as well … NYC may face a federal funding shortfall What are your plans to address how …

By Celia Young |February 24, 2025 - 3:30PM
Is my co-op maintenance tax deductible? How does this work?

… building a portion but not all of your maintenance will be tax deductible That means on your tax return you can take a deduction for the share of your maintenance that is applied to real estate taxes and mortgage interest  Each building is different but …

By Brick Underground |February 7, 2025 - 12:30PM
Co-op and condo boards catch a break as Corporate Transparency Act faces legal limbo

… at least for now They dont yet need to comply with a new federal law meant to target money laundering The Corporate … to disclose some information about building owners to the federal government was put on pause again on Dec 27th amid … ID … You Might Also Like … viewbublogpanes=ymalinline … Buy … New Construction + Condos … Co-ops … boards … Co-ops … …

By Celia Young |January 8, 2025 - 9:30AM
How to rejection-proof your NYC co-op or condo application package

… Most New York City coop and condo  buildings require buyers to submit voluminous  application packages before … will consider your offer If you are at this stage of the buying process the scrutiny of your finances and background … … Tax returns … Typically you need to supply two years of federal tax returns   … Letters of recommendation  … A condo …

By Jennifer White Karp |January 7, 2025 - 12:30PM