Co-Ops in Westchester County Now Have To Explain Why They Reject Buyers. Will NYC Be Next?, Inman News

Steven R. Ebert spoke with Inman News about the groundbreaking amendment to a co-op disclosure law put into effect in Westchester County, which now requires cooperatives to disclose the reasons applicants are denied and provide minimum financial requirements to potential buyers before they apply. Given Westchester’s proximity to New York City, Steven offers his thoughts on the likelihood of New York City considering similar measures.