robust balance in the reserve funds, not only to ensure that all repairs can be made when necessary but also for the financial health of the building or community. Today, a number of financial institutions, including Freddie Mac and Fannie Mae, require that a condo or association are putting ...
robust balance in the reserve funds, not only to ensure that all repairs can be made when necessary but also for the financial health of the building or community. Today, a number of financial institutions, including Freddie Mac and Fannie Mae, require that a condo or association are putting ...
Charles M. Zsebedics is General Manager for the Amalgamated Housing Corporation and Park Reservoir Housing Corporation, in New York City, and explains some of these differences. With 274 units, Park Reservoir is the first Mitchell-Lama development in New York State; with nearly 1,500 units, Ama...
“is to work with their property manager, superintendent, and accountant to plan for consistent regular maintenance of all of the finishes, lighting, furniture, and accessories and their costs so that buildings can always look its best, no matter how many years ago a renovation was done.” ...