CO-OPPRESERVATION

Creating, fortifying, and sustaining affordable housing since 1973

UHAB120 Wall Street, 20th floor

New York, NY 10005t: 212.479.3300f: 212.344.6457

www.uhab.org | www.uhab.coop

UHAB empowers low- to moderate-income residents to take control of their housing and enhance their communities by creating strong tenant associations and lasting affordable co-ops.

OUR MISSION

UHAB’s Co-op Preservation team is available to perform financial analyses and assessments for HDFC co-ops and assist in developing and implementing individualized work plans to regain or maintain stability.

When HDFC co-ops face special challenges, UHAB’s Co-op Preservation team is here to help.Does your building need assistance with capital improvement financing? Could your co-op benefit from a budget refresher? Are shareholders struggling with organizational disarray?Then contact UHAB for details about the intensive technical assistance we offer HDFCs through these and other services:

SINCE 1999, UHAB’S CO-OP PRESERVATION TEAM HAS PREPARED FINANCIAL PLANS FOR OVER 103 HDFC CO-OPS, REPRESENTING 3,333 UNITS WORTH MORE THAN $78,000,000.

2013

$886,0002012

$550,0002014

$3,725,000(estimated)

CO-OP PRESERVATIONBY THE NUMBERS

• Packaging loans for major systems upgrades and debt consolidation

• Expediting applications for tax abatement benefits such as J-51

• Correcting erroneous real estate tax and water/sewer charges

• Monitoring annual elections and developing policies and procedures for HDFC boards

• Creating and overseeing budgets for co-op boards

Total government and private loans that UHAB packaged for co-ops with physical and financial needs