Adam R. Sanders, left, and Michael T. Carr, right, of Rosenberg & Estis. Courtesy photos Local Law 97: Condominium and Cooperatives Facing Unique Financing Challenges
As many building owners in New York City know, Local Law 97 went into effect on Jan. 1, 2024. It is an aggressive plan to cut harmful emissions in New York City by requiring, with some rare exceptions, buildings in excess of 25,000 square feet to reduce their carbon emissions by 40% in 2030 and 80% in 2050.
February 02, 2024 at 10:00 AM
7 minute read
As many building owners in New York City know, Local Law 97 went into effect on Jan. 1, 2024. It is an aggressive plan to cut harmful emissions in New York City by requiring, with some rare exceptions, buildings in excess of 25,000 square feet to reduce their carbon emissions by 40% in 2030 and 80% in 2050.
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