Cooperatives No Longer Subject to Constraints of Tenant Protection Act

June 11, 2021

As recently reported by Habitat Magazine, the New York State Legislature passed two bills on Thursday that provide significant carveouts and effectively eliminate cooperatives, excluding HDFC, from the Housing Stability & Tenants Protection Act.

Click here to view a copy of the amended bill and Herrick will keep you posted when the legislation is signed into law by the Governor. Please reach out to our team with questions.

Read the full piece in Habitat Magazine hereAccess may require a subscription.

For more information on condominium and cooperative law matters or the Paycheck Protection Program, please contact:

Bruce A. Cholst at +1 212 592 1621 or [email protected]
Andrew B. Freedland at +1 212 592 1623 or [email protected]
Peter I. Livingston at +1 212 592 1625 or [email protected]
Philip Tucker at +1 212 592 1482 or [email protected]
Andrew J. Wagner at +1 212 592 1622 or [email protected]
Devin W. Ness at +1 212 592 1627 or [email protected]

@ 2021 Herrick, Feinstein LLP. This alert is provided by Herrick, Feinstein LLP to keep its clients and other interested parties informed of current legal developments that may affect or otherwise be of interest to them. The information is not intended as legal advice or legal opinion and should not be construed as such.