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How the Community Housing Preservation Fund Helps Co-ops Prepare for the Future
Date
9 August 2023
As housing co-ops age, it’s no surprise that buildings wear down, wear out and need repairs and replacements.
But knowing what to replace, and when, isn’t always easy.
Your co-op will make better decisions if you use some (or all!) of the host of different reports and assessments available to
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Plans in Action
The average co-op with an approved capital replacement plan tucks away more than $3,600 per unit in reserves each year--triple the 2007 amount. Does their future hold better windows? New kitchens? Savings mean more choices.