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Thank you to everyone who joined us for our Co-op Town Hall at Southbridge Towers in Manhattan. With more than 100 shareholders in attendance, it was a standing-room-only event that demonstrated the growing concern co-op and condo residents have about the future of affordable homeownership.
Thank you to our speakers: Charles Chawalko, Board Secretary at Southbridge Towers; Charles Herzog, Board President of Celtic Park; Ambur Nicosia, Board President at Penn South; Jane Menton, Legislative Director of Co-ops & Condos United of NY; and Michael Wolfe, Co-founder of Co-ops & Condos United of NY.
We discussed the financial pressures facing co-ops and condominiums across New York City, including rising insurance premiums, increasing property taxes, escalating utility costs, and unfunded mandates such as Local Law 97. Across every borough, residents are asking the same question: How do we preserve the affordability and long-term sustainability of our communities?
When thousands of co-op owners stand behind a common mission, we become impossible to ignore. Together, we will shape public policy, fight for practical solutions, and protect affordable homeownership for generations to come.
Thank you for being part of this growing movement.
We will be hosting several more events across the five boroughs this fall. Stay tuned for more information!
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