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Classes

Friday October 27
2017
 Preserving New York City Low Income Cooperatives (HDFCs): Representing Boards and Dissident Shareholders in Non-Litigation Matters

Debra Bechtel, Associate Professor of Clinical Law at Brooklyn Law School, will provide an introduction to low-income cooperatives in New York, including: 1) governing statutes, 2) programmatic details imposed by the City over the years through regulatory agreements and security agreements, 3) real estate tax exemptions, and 4) by-law, proprietary lease and certificate of incorporation issues of note. She will then explain the lawyer’s role helping boards of directors to: 1) terminate security agreements with the City, 2) amend by-laws and proprietary leases, and 3) resolve lost share certificate and lease issues. Finally, she will address how to help dissident shareholders to call shareholder meetings. A representative from the Urban Homesteading Assistance Board will explain the need for and techniques involved in overseeing elections and creating budgets and plans for financially challenged buildings.

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  • When
    Friday, October 27, 2017
    9:30 am - 12:30 pm
  • Location
    Legal Services NYC - Central
    40 Worth St., 6th floor
    New York, NY 10013
  • CLE Credits
    Skills: 1.00
    Areas of Professional Practice: 2.00
  • Format
    Traditional Live Classroom
  • Practice Area(s)
    Housing
    Legal Practice
  • Price: $0
  • Materials
    Contains 1 training item(s)

About the Faculty

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    Debra Bechtel (Speaker)

    Debbie Bechtel is an Associate Professor of Clinical Law at Brooklyn Law School. She founded the Corporate and Real Estate Clinic in 1997 to provide free services for low-income co-op boards while also training law students in transactional skills. Eighteen to twenty students per year are now involved in this effort. Debbie serves on the New York City Bar Association’s Co-op and Condo Committee and the New York State Bar Association’s Co-op and Condo Committee and has presented training sessions for attorney members. With her students, she also conducts training sessions for low-income cooperative board members and shareholders, usually under the auspices of the Urban Homesteading Assistance Board. She is a 1979 graduate of George Washington University’s School of Law and worked as the Director of the Community Development Legal Assistance Center before joining Brooklyn Law School.
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    Oscar McDonald (Speaker)

    Oscar McDonald was born and raised in Brooklyn NY. He studied Political Science at Pace University’s Lower Manhattan campus and received his Juris Doctorate from New York Law School in 1990. Oscar Joined UHAB in 1994 as a Field Services Supervisor after working in affordable housing in Washington DC for the previous 4 years. Oscar served as the Director of the TIL/HDFC contract for UHAB from 1996 through November 2016. Under his guidance and with a staff ranging from 8 to 12 Project Associates and Senior Project Associates at any given time, TIL/HDFC staff provided over 100,000 man-hours of training and technical assistance to residents, shareholders and boards of directors of TIL and HDFC buildings. In November of 2016 Oscar became the Co-Director of UHAB’s Cooperative Preservation Department and in that role, provides ongoing technical assistance to HDFCs via monitoring agreements, support agreements, loan packaging and various other conduits