Say No To Intimidation

People pushing this do not live in coops just looking to make money and the heck with coop residents

I AM A SHARE HOLDER IN WESTCHESTER COUNTY COOPERATIVE AND DO NOT WANT ANYONE BUT THE BOARD OF DIRECTORS TO DECIDE WHO IS APPROVED TO LIVE HERE WITH US!!!

Stop ruining cooperative living in Westchester by bowing down to realtors.

Dear Sir/Madam: I write in firm opposition to the proposed "Cooperative Disclosure" legislation. I am a resident of Westchester and a voter. This proposed law is designed to intimidate cooperatives into accepting people that might not be the best match for cooperative living. Living in a cooperative in close quarters with fellow shareholders, requires that cooperators share not only a roof over their heads and the walls, halls, ceilings, and floors, but all to have common goals and interests in terms of the treatment of neighbors, adherence to community rules and following regulations. In short this means living cooperatively including sharing in the financial goals of property ownership and understanding the serious nature of the financial responsibilities involved. A willingness to subordinate individual desires to the community needs is paramount. None of this can be ascertained solely by review of a paper application. Cooperative living is not for everyone and in fact it has been found that cooperative living may in fact not be a good idea for certain people. The ability to at least try to determine who would make a good neighbor, shareholder, and what is essentially a common property owner, is vital to the existence of cooperatives. Cooperatives and boards must be able to make such decisions free of intimidation and without fear of reprisal or other consequence for legally exercising their responsibilities in trying to maintain the benefits of cooperative living arrangements. No matter what reasons are given for refusing a prospective purchaser there are bound to be legal actions commenced even when there is no violation of any law by those who disagree with the reasons. This will intimidate members of cooperative boards, who will then be coerced to abdicate their responsibility to avoid an unseemly confrontation and possible litigation. To the extent that those supporting the legislation suggest that it addresses some perceived discrimination, the proposed

Co-ops need the ability to decide who will be their neighbors. I will vote against any legislator pushing this legislation.

I also VOTE NO! as share holder we must have control and we must protect our investment. so we must filter everyone that is a potential buyer,and is not discrimination so lets not go down that road.

As member and presidents of several coops over several years, I strongly oppose any legislation to interfere in the workings of the coop boards' decisions in the admissions procedure of the Board. If this legislation goes through, it will be difficult for shareholders to serve on the co-op Boards. The proposed legislation will lead to unnecessary legal actions and delays in the admissions of prospective buyers. Please remember Board members serve voluntarily and do not get any compensation for their hard work.

Co-op boards/admissions committee know well enough the legal consequences of being arbitrary during an admissions process and exercise their best business judgment during the process. The greatest concern of boards/ admission committees is to ensure that buyers meet the financial requirements to pay current and future maintenance as well as potential assessments that might be passed in the future without these being a detriment to the quality of life of the buyer (i.e. family w/children or single individual). Depending on the country's economy, banks become more linient with their credit policies without regard for the borrower's potential ability to meet future financial obligations. Therefore, boards'/ admissions committees' concerns will always be to satisfy the seller's needs, the potential buyer's needs and the co-op's need to protect the investment of the shareholders collective by accepting financial worthy buyers.

The reason that apartment buildings turn co-op is to have the ability to filter through who lives there and who doesn’t. Boards are put in place by the shareholders to make fair decisions. This legislation will disrupt that.

As a long term Board Member I am totally opposed to this law. Realtors are just tired of dealing with the Boards and are just looking to do less work and make more money! Leave Westchester Coops alone!!!

As a co-op owner changing the application process will decrease the value of my apartment. I want to make sure that the board has enough time to do a thorough exam of the information provided.

All I can say is the County legislators who support this intrusion on the lives of co-op owners should not be surprised if they are not re-elected to office after the next election.

Only works for the financial benefit of the realty industry and their lawyers. It serves no other purpose as discrimination laws already exist.

It is interesting that while banks continue to have authority to determine to whom they will lend and for what properties without providing any explanation and take as much time as they choose in making such determinations, the Westchester County Board of Legislators has chosen to demonstrated its disregard for the individual unit owner of Cooperative dwellings located in Westchester County who wish to protect their investment and quality of life while exercising their due diligence when determining the financial viability of potential buyers. Another example of government overreach. The Westchester County Board of Legislators would do untold damage to Cooperative housing complexes if this legislation were to be enacted as it would impede the owner's ability to protect their investment in direct contradiction to the powers conveyed to coop Boards of Directors as laid out in the Offering Plans filed with the NYS Attorney General's Office.

Leave it alone. It works. No need for change.

8 years ago Featured

This is a home to many residents. Would you like you open to be open to who comes to visit or live in your home? This will make it difficult and a no win situation for Boards. When will politicians stop serving special interest groups that line their pockets.

Do not limit our choice who lives in our building

Totally against this proposed law.

This proposed legislation is a solution to a non-existent problem. I'm all for regulation, especially when it comes to housing and education, but this is burdensome, unnecessary and serves no one except the brokers and the mortgage lenders.

This is legislation in search of a problem and is being promoted by unscrupulous realtors which are the basis of all the problems concerning delays and deceitful sales tactics.