What on earth will co-op boards do when they discover that section 8 renters are moving in to the formerly bank owned units?
Pop the popcorn!
Most co-op boards I know of have rules that restrict sales to prospects at risk of bankruptcy. I suspect that this will not be a problem in high end co-ops and the few “shares” at risk will be bought by the shareholders as a whole rather than risk values of all apartments/shares.