Erica F Buckley

March 31, 2022 | New York Law Journal

In her 'Ask the Former Regulator' column, Erica Buckley explains the type of for-sale housing that can be built on a community land trust as well as what the New York Attorney General's filing requirements are for this kind of housing.

By Erica F. Buckley

8 minute read

December 23, 2021 | New York Law Journal

How can my client and I take advantage of prospective New York City buyers of Florida condos without running afoul of New York law, including gauging initial interest in the project?

By Erica F. Buckley

7 minute read

September 22, 2021 | New York Law Journal

"I read that the tax law on grossing up of transfer taxes was amended this summer. Can you explain the change in the law as well as any disclosure requirements related to my client's offering plan?"

By Erica F. Buckley

7 minute read

June 23, 2021 | New York Law Journal

Now that the state of disaster emergency is coming to an end, real estate professionals must make sense of some of the more nuanced relief provided for under Governor Cuomo's orders, keeping in mind the overall intent of the orders—to provide for assistance in coping with the unprecedented COVID-19 pandemic. In this edition of her Ask the Former Regulator column, Erica F. Buckley explains the mortgage recording tax credit and the governor's executive order suspending its deadline.

By Erica F. Buckley

7 minute read

March 08, 2021 | New York Law Journal

New York may be looking to amend the Multiple Dwelling Law to allow for the conversion of hotel properties to residential use. Does the proposed law allow for the conversion of a hotel to a for-sale condominium, and if so, what type of filing would be made under the Martin Act?

By Erica F. Buckley

7 minute read

December 11, 2020 | New York Law Journal

The question of whether a housing development fund company (HDFC) that operates as a housing cooperative can go private is subject to various factors.

By Erica F. Buckley

6 minute read

September 23, 2020 | New York Law Journal

In her Ask the Former Regulator column, Erica F. Buckley discusses the Syndicate Act as well at the Martin Act for small group of friends looking to buy a condominium together.

By Erica F. Buckley

7 minute read

June 11, 2020 | New York Law Journal

In her Ask the Former Regulator column, Erica F. Buckley addresses some limited relief afforded to condominium sponsors under certain executive orders signed by Gov. Andrew Cuomo.

By Erica F. Buckley

5 minute read

March 23, 2020 | New York Law Journal

In her Ask the Former Regulator column, Erica F. Buckley addresses the effect of recent COVID-19 Executive Orders on condominium offering plans pending before the Real Estate Finance Bureau.

By Erica F. Buckley

7 minute read

December 18, 2019 | New York Law Journal

In her Ask the Former Regulator column, Erica F. Buckley addresses the question of whether a condominium sponsor needs to set money aside if he/she begins to sell condo units with only a temporary certificate of occupancy. She writes: While the Martin Act and Department of Law regulations and guidance may not require a sponsor to set up a separate escrow account to insure its obligation to procure a permanent certificate of occupancy, there may be other very compelling reasons to do so.

By Erica F. Buckley

8 minute read