Sandy Aid Gaps For NY Co-Ops, Condos Should Spur Reform

Law360, New York (February 20, 2013, 7:35 PM EST) -- Superstorm Sandy exposed regulatory gaps that have left thousands of New York co-op and condo residents without quick access to money for repairs, but experts say their plight could lead to new federal rules to expedite grants and provide more insurance before the next urban area gets smacked by a storm.

Nearly four months after the Oct. 29 storm, New Yorkers who live in condos and co-ops have seen individual homeowners receive federal aid even as rules preventing the Federal Emergency Management Agency from issuing grants...
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