New York's Cooperative and Condominium Community

Habitat Magazine Insider Guide



Condo Borrowing


To the extent authorized by the declaration or the bylaws, a condominium’s board of managers, on behalf of the unit-owners, may incur debt.


"When it comes down to covering the costs of making capital improvements and repairs to your condominium, your funding options are fairly limited. You can either assess your unit-owners or find another source, which typically is borrowing. If you’re not familiar with the statute that allows condominiums to borrow, you may find yourself not planning appropriately or not maximizing the options that are best suited for your building and its residents."

To read the full lecture, visit:

Subscriber Login

Ask the Experts

learn more

Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

Source Guide

see the guide

Looking for a vendor?