As seen on CBS New York on March 6, 2025. Click here to view the full story online. Residents of ground lease co-ops call themselves the unprotected tenants of New York City. While homeowners own and renters rent, ground lease co-op tenants do both at once. They own...
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The Real Deal: Lawmakers reboot fight over co-op ground leases
As seen in the Real Deal on January 23, 2025. Click here to view the full story online. Lawmakers are reviving their fight to limit rent increases on ground lease co-ops. Last year, in the final days of the legislative session, Sen. Liz Krueger amended a bill that...
City Limits Opinion: Ground Lease Co-Op Tenants, Trapped By Their Landowners
As seen in City Limits on November 22, 2024. Click here to view the full opinion piece online. As longtime New York City residents, my wife and I have spent nearly three decades planning for our retirement. Hailing from modest means, both children of Puerto Rican...
Crain’s NY Editorial: Ground lease reform necessary to protect a last path to affordable homeownership
As seen in Crain's NY on October 7, 2024. Click here to view the full story online. The Crain's NY Editorial Board During a time when many New Yorkers struggle to find affordable places to live, as much emphasis must be placed on preserving existing options as...
The NY Post: These NYC apartments near Billionaires’ Row cost $99K — but there’s a catch
As seen in the New York Post on October 3, 2024. Click here to view the full story online. By Mark K Jacob -- New York City For the residents of Carnegie House, a once-sought-after co-op located across from Billionaires’ Row on 57th Street, life is about to get a lot...
Crain’s NY: Midtown residents risk losing their homes as co-ops face ground lease renewal
As seen in Crain's NY on October 2, 2024. Click here to view the full story online. By Aaron Elstein -- New York City In 2011, Barbara and Lou Grumet bought a two-bedroom co-op for $775,000 at 100 W. 57th St., leaving behind their house in Riverdale for a fully...
Spectrum News NY 1: Co-op ground lease tenants back bill that would cap rental, maintenance increases
As seen on Spectrum News NY 1 on June 3, 2024. Click here to view the full story online. By Bernadette Hogan - New York City Gov. Kathy Hochul celebrated victory in her two-year fight to secure a housing deal back in May, when she signed into law a series of measures...
Letter to the Editor: Pass co-op protections
As seen in the Queens Chronicle on Thursday, May 23, 2024. Click here to view the guest opinion online. By Michael Tang, ground lease co-op resident Dear Editor: Tenant rights and consumer protections should be a no-brainer when it comes to affordable housing, which...
News Release: The Faces of the Ground Lease Coop Coalition Reflect a Diverse Community Advocates Unified by a Fight for Fairness, Stability and Affordability
More than 100 residents and families traveled to Albany recently to fight to save their homes. Among the group are a school secretary from Sheepshead Bay, a former bus driver from Far Rockaway, and an 80-year-old woman of Asian descent and is a naturalized citizen who...
Brick Underground: NY state legislators propose bills to protect land-lease co-ops from land rent hikes
As seen in Brick Underground on May 15, 2024. Click here to read the full story online. BY CELIA YOUNG The two bills would cover the 100 or so NYC co-ops that sit on top of land they don’t own but instead rent from landowners through a ground lease. If passed, the...