Property Ownership
In New York, a co-op board has the right to:
ASet mortgage interest rates for buyers
BApprove or reject prospective buyers of shares in the cooperative✓ Correct
COverride zoning ordinances for the building
DAssess additional property taxes on residents
Explanation
New York co-op boards have broad authority to approve or reject prospective purchasers of shares in the cooperative, provided they do not discriminate based on protected classes under fair housing laws.
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