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Co-op & Condo Program

The Cooperative and Condominium Recovery Program provides assistance for owner-occupied units that are being used as places of primary residence, either by the unit owner or by renters on a full-time, year-round basis. Condominium Associations and Cooperative Boards may be eligible for storm-related damages to repair a building’s common elements, such as lobbies, hallways and mechanical systems.
As of July 12, 2016,  the NY Rising Cooperative and Condominium Program is no longer accepting new applications. If you have any questions please contact your Customer Representative or call 1-844-9NYRISING.


How are grant awards calculated?

Grant awards are calculated using the Program’s damage estimate minus any public or private assistance provided for rebuilding, otherwise known as Duplication of Benefits or DOB. The result of this calculation is referred to as Unmet Need. The Program separately calculates Unmet Need for Association common elements and each individual damaged living unit. Both calculations are subject to maximum award caps. Please consult the Program Guidebook for more information on the award calculation.

What is the payment schedule?

Subject to meeting eligibility and participation requirements, grant awards are disbursed to Applicants in either three or four installments. Associations with both common area and living unit awards receive four payments as follows:
  • First Common Elements Payment (40% of common elements award)
  • First Units Payment (40% of unit award)
  • Combined Second Payment (additional 40% of common elements and unit awards)
  • Combined Final Payment (remaining 20% of common elements and unit awards)
Please refer to the Program Guidebook for specific requirements to receive payments.

What on-site inspections of the property are required?

A minimum of two site inspections are required to receive a grant award. The Program must visually confirm the completion of all eligible repairs. As part of this inspection, the Program is also confirming the property is decent, safe, and sanitary for habitation. Any observed issues will need to be addressed by the Association and re-inspected prior to any grant award. The Program must also conduct an inspection to ensure there are no lead, asbestos, or radon hazards in the damaged areas of the property. If hazardous conditions are discovered, they must be remediated prior to grant close out, and a final inspection is required to confirm successful remediation. Please consult the Program Guidebook for more information on site inspection requirements.

NY Rising has already inspected my Association. Why do you need to inspect the property again?

The Program must be able to complete an environmental hazard inspection in every area of the property that had eligible repairs. It may require multiple appointments to be able to access all required areas. Also, the Program must ensure all observed hazards are remediated or repaired which can require multiple inspections. If the inspection completed previously did not fully capture the field information required by current Program policies, a new inspection is required.

What are my responsibilities as the Association’s Authorized Representative during site inspections?

The Program expects the Authorized Representative to facilitate the scheduling of all site inspections including arranging access to all damaged living units. The Authorized Representative or another Association representative should also accompany the inspector at all times in order to guide them through the property. If common areas are locked, the Authorized Representative or another Association representative must have keys to allow the inspector access. Unit owners or tenants should accompany the inspector through their unit.