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  • Understanding Resale | UHAB | Urban Homesteading Assistance Board
    the past 27 years over 1 000 HDFCs have been created to provide secure and affordable housing for nearly 25 000 residents Today as rents and real estate values rise affordable housing is becoming extinct The HDFC co ops will remain an incredible resource of affordable housing for communities around the City only if each HDFC is careful about following the resale rules in your legal documents and the HDFC law What is the difference between a regular business corporation and an HDFC The biggest is the purpose Regular business corporations are created to make money for their shareholders HDFCs are created to provide housing for persons of low income which means that both the monthly charges rents or maintenance and the sales price for apartments must be kept affordable In exchange the City has helped by rehabbing your building your taxes are reduced by the DAMP Tax Cap HDFCs are exempt from city and state corporate taxes TILs and HDFCs get free training and assistance from UHAB and others and households with very low incomes were able to get Section 8 rent subsidies at the time you bought your building HDFCs are also eligible for specific programs like Tax Relief low cost repair loans and DEP Forgiveness programs What happens when our resale restrictions expire Your HDFC s rules regarding the resale and transfer of apartme nts are found in three of your legal documents your Certificate of Incorporation in Article X your By laws and your Proprietary Lease Article X of your Articles of Incorporation details the resale restrictions imposed by HPD These restrictions inc lude the definition of low income for who can purchase shares in the co op and how profit is split between the co op and the outgoing shareholder Depending on when the building

    Original URL path: http://www.uhab.org/co-op-members/resource-library/governance/understanding-resale (2016-04-28)
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  • Governance | UHAB | Urban Homesteading Assistance Board
    Healthy Co op Checklist Limited Equity Cooperatives A Legal Handbook Making a Rent Collection Policy TIL A Guide to Organization and Governance first previous 1 2 About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training

    Original URL path: http://www.uhab.org/co-op-members/resource-library/governance?page=1 (2016-04-28)
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  • A Guide to Tenant Selection, Eviction, and Good Tenant Relations | UHAB | Urban Homesteading Assistance Board
    Guid to Tenants pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs

    Original URL path: http://www.uhab.org/co-op-members/resource-library/governance/guide-tenant-selection-eviction-and-good-tenant-relations (2016-04-28)
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  • Guide to Wills, Estates, and Surrogate's Court for the HDFC | UHAB | Urban Homesteading Assistance Board
    Shareholders and their families it may not be applicable to any specific situation Persons seeking legal advice or an opinion regardingany specific set of facts or circumstances should contact a legal clinic or an HDFC attorney WHERE CAN I FIND MORE INFORMATION If you are looking for general information about will and estate planning UHAB will hold seminars from time to time Visit UHAB s web calendar for information Qualified low income New Yorkers may be eligible for legal services including estate planning to find out more information contact New York Legal Assistance Group NYLAG Total Life Choices Project via their website at www totallifechoices org or at 212 371 6873 If a Shareholder has died in your HDFC and the estate remains unsettled please consult your HDFC attorney If you do not have an attorney able to answer HDFC estate questions UHAB can also help connect you with private attorneys who have prior experience with estates and HDFC co ops through our Vendor Directory PLEASE NOTE This guide provides general information concerning HDFC co ops in the State of New York and it should not be construed as legal advice Persons seeking legal advice or an opinion on any

    Original URL path: http://www.uhab.org/guide-wills-estates (2016-04-28)
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  • Legal | UHAB | Urban Homesteading Assistance Board
    first previous 1 2 About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs

    Original URL path: http://www.uhab.org/co-op-members/resource-library/legal?page=1 (2016-04-28)
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  • A Guide to Maintenance and Repair | UHAB | Urban Homesteading Assistance Board
    Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs Calendar Media Publications Media Information Media Room Support

    Original URL path: http://www.uhab.org/co-op-members/resource-library/repairs-maintenance/guide-maintenance-and-repair (2016-04-28)
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  • Boiler Combustion Efficiency Chart | UHAB | Urban Homesteading Assistance Board
    Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro Class Registration Homeownership FAQs Calendar Media Publications Media Information Media Room Support Us Planned

    Original URL path: http://www.uhab.org/co-op-members/resource-library/repairs-maintenance/boiler-combustion-efficiency-chart (2016-04-28)
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  • Capital Planning Seminar | UHAB | Urban Homesteading Assistance Board
    at the lowest cost Document Capital Planning pdf About UHAB History Staff Board Employment Glossary FAQs Useful Links Supporters Programs Organizing Preservation Development Technical Assistance Member Services Co op Members Member Services FLIP UHAB Fuel Recent Fuel Prices Oil Heat Program Connected Books Bookkeeping Services Market and Match UHAB University Harlem Training and Resource Center Assistance for Distressed Co ops Vendor Directory Resource Library Management Calendar Weatherization Homeownership Application Intro

    Original URL path: http://www.uhab.org/co-op-members/resource-library/repairs-maintenance/capital-planning-seminar (2016-04-28)
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