A new version of the heavily criticized expired J-51 property tax incentive is back. Advocates argue it will encourage landlords to renovate apartments and will help them afford the upgrades…
“Setting our sights on the future, I am confident in the city’s ability to not only catch up with, but actually surpass Local Law 97’s next target: a 50 percent…
The government agency tasked with ensuring city owned buildings and vehicles don’t contribute to climate change is facing a $1 billion cut to its preliminary capital commitment plan. Of those,…
At a City Council hearing this week, the Department of Buildings said it has nearly doubled the number of staff members dedicated to implementing the city’s landmark law to lower…
The Dept. of Buildings has the power to offer a mediated resolution to landlords who don’t comply with the city’s building emissions law, bypassing fines if they promise to get…
The final rules for Local Law 97 give property owners until 2026 to avoid penalties, as long as they demonstrate “good faith efforts” to decarbonize their buildings—an extension that’s rankled…
Local Law 97 promises to reduce carbon emissions and create a more energy efficient city. But environmentalists warn that the current rules create a loophole for landlords, especially those that…