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Co-ops & Condos United of NY played a key role in bringing the voice of the co-op community to City Hall for the September 9 hearing on legislation to extend and expand the J-51 tax abatement program.
CCU organized and collected testimony from co-op boards representing more than 10,000 units of housing, ensuring that the real-world challenges facing New York City’s co-op communities were heard directly by the City Council. Legislative Director Jane Menton also attended the hearing in person on behalf of the community.
The strong showing of support demonstrated just how important J-51 is to the future of our housing. For many co-ops and condos, the program is a critical tool for helping buildings fund major capital improvements and invest in the long-term health of their properties.
We are incredibly grateful to our co-op partners who took the time to prepare testimony and participate in this important hearing.
We also thank Council Member Pierina Sanchez, Chair of the Committee on Housing & Buildings and the bill's lead sponsor, for championing this important legislation.
With the strong support demonstrated at the hearing, we are very hopeful that the bill will move quickly and come to a vote soon.
CCU will continue working to organize, amplify, and bring the concerns of co-op and condo communities directly to our elected officials.
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