“While the focus has often been on new construction and cutting-edge green technologies, New York City’s existing buildings hold immense potential for environmental improvement.”
“Despite the ambitions of the New Efficiency: New York program, its reach in New York City is limited…households living in small residential buildings are consistently excluded from funding allocation, accounting…
Local Law 97, passed in 2019, requires buildings to lower emissions beginning in 2024. Property owners who fail to comply will face penalties calculated based upon how much their buildings’…
Some hoped the Green Jobs/Green New York program would produce as many as 14,000, but it appears to have generated but a few hundred. People who worked with the initiative…
New York charted a new path to energy efficiency, using “on-bill financing” so low-income homeowners could get retrofits they couldn’t afford up front. But utility companies, lenders and ratings companies…
Some borrowers report positive experiences—and significant savings—under the Green Jobs/Green New York program. But others had a frustrating time with the loan program’s rules and processes.