HDFC Practice Group NEWS

August 10, 2020
New Local Law Provides HDFCs Relief from HPD Marketing Requirements

  Bottom line: Article II and XI cooperatives (a/k/a Mitchell Lamas and HDFCs) are exempt from the HPD marketing portal requirements of Local Law 64 and unit and, absent any other written agreement, resales can continue as usual.  What were the Local Law 64 marketing requirements? Local Law 64 in 2018 required the New York […]

May 7, 2020
COVID-19 Update – Annual Shareholder Meetings

Interim guidance from the Centers for Disease Control and Prevention (“CDC”) states that in-person meetings can contribute to the spread of COVID-19, particularly among older adults and persons with pre-existing health conditions. Since this novel coronavirus pandemic is preventing shareholders from convening safely, Governor Cuomo issued and then extended an executive order suspending the sections […]

March 17, 2020
Housing Stability and Tenant Protection Act of 2019 and Its Impact on HDFCs

By Rachel D. Jaffe On June 14, 2019, Governor Andrew Cuomo signed The Housing Stability and Tenant Protection Act of 2019. Because a cooperative is a landlord and shareholders are tenants under the proprietary lease structure, the new laws’ prohibitions for landlords impacts some of the HDFC Board’s abilities to remove shareholders from occupancy. This […]

June 14, 2019
Goldstein Hall Participates in the First Annual Harlem HDFC CO-OP Awards Ceremony

Goldstein Hall is excited to announce our participation in the First Annual Harlem HDFC CO-OP Awards Ceremony where HDFC Board Members will be celebrated for their work. Nominations are now extended through July 29th, 2019! Categories Include: President Vice President Treasurer Secretary Board Member of the Year Building of the Year Paved the Way Award (previous board […]

March 18, 2019
Announcing the Appointment of Rachel D. Jaffe as HDFC Practice Group Coordinator

Goldstein Hall is excited to announce the expansion of our HDFC Practice Group. We understand the unique needs of HDFC shareholders, boards, brokers, property managers, stakeholders, etc.  and have grown our team to help and support HDFCs. Please welcome Rachel D. Jaffe , our dedicated HDFC Practice Group Coordinator. Rachel has extensive experience with HDFC issues and is excited to help with any of […]

June 1, 2015
New York City Task Force to Investigate ‘Three-Quarter’ Homes

Mayor Bill de Blasio said on Sunday he had formed an emergency task force to investigate so-called three-quarter houses in New York City for potentially exploiting addicts and homeless people by taking kickbacks on Medicaid fees for drug treatment while forcing them to live in squalid, illegal conditions. Mr. de Blasio’s announcement came a day […]

May 25, 2014
Seminar: Wills and Estate Issues for HDFCs

Please join us on Thursday, June 12th at 6pm to discuss how boards and shareholders can work together to address issues of wills and estates and steps to avoid having apartments tied up in legal proceedings to settle an estate. Joining us will be Peter Rivera, Goldstein Hall PLLC; legal counsel of the Public Administrators of […]