NYC Co-op Boards: A new law Is changing your application deadlines

New York City’s Cooperative Purchase Application Timing Law (Local Law #58) introduces strict procedural requirements and enforceable deadlines for co-op boards reviewing purchase and transfer applications.

While the law does not change your authority to approve or deny applicants, it fundamentally changes how and when boards must act.

Live Webinar
Tuesday, June 30, 2026
5:30 PM (ET)

Boards that are not prepared risk:

• Losing control of the application process due to missed deadlines
• Exposure to civil penalties and enforcement
• Increased administrative burden and compliance risk
• Uncertainty around deemed completeness and timeline enforcement

This timely webinar will equip your board with the practical understanding and tools needed to comply with the law from day one.
 

What You’ll Learn

• The 15-day acknowledgment requirement and how “deemed complete” applications are triggered
• The 45-day decision window and how quickly it can impact your board
• What qualifies as a “complete” application under the new rules
• Why requests for additional information do not stop the clock
• Key risks around extensions, summer recess tolling, and timing strategy
• The roles of your board vs. your managing agent

Why This Matters Now

The law takes effect in the middle of summer, when many boards are least active.With the implementation date just weeks after this session, June 30 is a critical moment to get ahead of compliance requirements before enforcement begins on July 28, 2026. Preparation must happen now—not after the first application hits your desk.

Featured Speakers

Benjamin C. Kirschenbaum
Vice President & General Counsel, FirstService Residential New York

Tanya Goodwine
Vice President of Applications, FirstService Residential New York

Julie Schechter
Partner, Fox Rothschild LLP

Register now to join us live on June 30 at 5:30 PM to prepare your board before the law takes effect.