Co-op law that flopped in NYC, soars in Suffolk

TRD New York /
Jan.January 26, 2010 01:49 PM

A set of co-op board anti-discrimination standards that failed to obtain New York City Council approval three years ago has found new life in Suffolk County, where co-op approval boards will now be required to provide a list of reasons for not accepting potential tenants. The law also requires that co-op boards provide the same application materials and information to all applicants. A similar law failed to take shape in New York City, even though more than half of the City Council was originally in support of the bill. While some groups, including the New York State Association of Realtors, have been long-time supporters of a disclosure legislation imposed on co-op boards, influential city groups, such as the Real Estate Board of New York, have emerged as vociferous opponents. Marolyn Davenport, senior vice president of REBNY, said that the board’s stance on the matter was resolute. “We’ve opposed any legislation that would require co-op boards to disclose their reason for refusal,” Davenport said.

Related Articles

John Banks

High expectations: A look at John Banks’ 4 years at REBNY

John Banks

John Banks to step down as REBNY president

REBNY Awards

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi

101 West 23rd Street and E&M Management principal Daniel Goldstein (Credit: Google Maps and E&M)

“Something is rotten” at Chelsea co-op, owners say

From left: Heather Domi, Jeremy Stein, Toni Haber, Leonard Steinberg and Cathy Taub (Credit: NYRAC)

Fast-growing agent group has money, members and an agenda

BCTC's Gary LabBarbera and REBNY's Jim Whelan

REBNY, Building Trades join forces on development, policy

110 Central Park South and Aleksandra Melnichenko (Credit: Google Maps and Getty Images)

Who’s buying what? Here are our top luxe resi sales

REBNY’s Real Estate Broker Confidence Index was 5.84 out of 10 for the third quarter of 2019, down 12 percent from the prior quarter but up 22 percent from last year’s all-time low. (Credit: iStock)

Broker confidence declines for another quarter: REBNY