Ep. 68 - The Importance of The Permanent Co-op Carve-Out Bill To New York’s Housing Cooperatives

Episode 68 of “Building Knowledge With The Building and Realty Institute (BRI)” examined the importance of the Permanent Co-op Carve-Out Bill to housing cooperatives in New York State. Our guest was Geoffrey Mazel, Legal Counsel for The Presidents Co-op and Condo Council (PCCC) of New York, which is also known as the PCCC. Geoffrey Mazel is also an attorney with Hankin and Mazel of New York, N.Y., and Great Neck, N.Y. Geoffrey Mazel was a guest on the former radio shows of The Building and Realty Institute (BRI). This episode marked his first appearance on “Building Knowledge.” Topics discussed during the segment included: 1) A full explanation by Geoffrey Mazel on why the proposed Permanent Co-op Carve-Out Bill is a crucial step forward for protecting cooperative housing in New York State; 2) Geoffrey Mazel’s explanation on the benefits that the Permanent Co-op Carve-Out Bill provides to cooperative housing and the reasons of the building and realty sectors on why it must be supported; 3) How the need for the Permanent Co-op Carve-Out Bill arises from a recurring problem; 4) How the Permanent Co-op Carve-Out Bill provides much-needed clarity on behalf of the co-op sector; 5) A full explanation by Geoffrey Mazel regarding what The Permanent Co-op Carve-Out Bill is not about; 6) Geoffrey Mazel’s explanation on how The Permanent Co-op Carve-Out Bill is essential to protecting the unique and democratic nature of cooperative housing in New York State; 7) The biggest challenges currently facing Co-ops and Condos in New York State.