CAMPANILE: NYC pols urge Albany to OK tax break for ‘green’ mandate that could cost co-op, condo owners $20K nypost.com/2024/03/17/us-…

CAMPANILE: NYC pols urge Albany to OK tax break for ‘green’ mandate that could cost co-op, condo owners $20K- nypost.com/2024/03/17/us-…

"The #GREENBuildings Act would provide tax abatements as well as exemptions to buildings covered by #LocalLaw97 in order to help building owners meet the goals and have their properties meet energy efficient requirements." bxtimes.com/green-building…

"Thirty-three council members signed two letters sent to state Sen. Stewart-Cousins and Carl E. Heastie saying the mandate will require approximately 15,000 property owners to invest as much as a total of $15 billion in capital improvements by 2030." nypost.com/2024/03/17/us-…

"The list of signatures for both letters supporting the #GREENBuildings Act includes Council Majority Leader Amanda Farías along with local council members Althea Stevens, Council Member Kevin C. Riley, Council Member Eric Dinowitz and Rafael Salamanca, Jr., among others." bxtimes.com/green-building…

"The council members urged passage of a measure drafted by state Sen. Kevin Parker and AM Ed Braunstein...which would require the city provide tax abatements to co-op owners for up to 10 years to help alleviate the costs of the green retrofitting to electrify their buildings."

.New York City Council Finance Chair Justin Brannan: Albany must ease the shift to greener buildings nydailynews.com/2024/03/19/alb…

NEW from Justin Brannan in @nydnopinions: “This year the city’s landmark new climate law, Local Law 97, officially went into effect. I firmly support the goal of this legislation. But right now, the math just isn’t working.”   nydailynews.com/2024/03/19/alb…

“City data shows that Local Law 97 will require approximately 15,000 property owners around the city to invest up to $15 billion in capital improvements by 2030. These costs will be particularly difficult for residential buildings.”    nydailynews.com/2024/03/19/alb…

.Justin Brannan: “I’ve spoken to many property owners who have said they believe in the goals of the law, but they’ll be forced to just pay the fine [rather than making retrofits] because it’s more cost-effective.” nydailynews.com/2024/03/19/alb…

“Local Law 97 rightly established NYC as a national environmental leader. Without meaningful mechanisms to help property owners meet its targets like the #GREENBuildings Act, we won’t be successful in driving down emissions. It’s just basic math.” nydailynews.com/2024/03/19/alb…

“According to data from NYSERDA, the upfront cost of retrofitting a larger multifamily building in New York City can exceed $20,000 per unit, which will result in meager annual energy cost savings.”   nydailynews.com/2024/03/19/alb…

“The alternative for owners who aren’t willing to shoulder these costs is to pony up for annual fines. The buildings currently out of compliance with the law could face… $213 million in fines next year. By 2030, that number skyrockets to $902 million.”   nydailynews.com/2024/03/19/alb…

.Justin Brannan: “I’ve spoken to many property owners who have said they believe in the goals of the law, but they’ll be forced to just pay the fine [rather than making retrofits] because it’s more cost-effective.”   nydailynews.com/2024/03/19/alb…

“Thankfully, our colleagues in Albany are proposing a solution. The #GREENBuildings Act, sponsored by state Senator Kevin Parker and Ed Braunstein, would provide property tax abatements for up to 10 years for… owners who undertake capital improvements.”  nydailynews.com/2024/03/19/alb…

John Murphy from United Association: ‘As [Justin Brannan] says, fining building owners for not complying with new energy mandates might raise government revenue but does nothing for the environment.’ nydailynews.com/2024/03/28/rea…

VOICE OF THE PEOPLE | Readers sound off on new energy mandates, cheating tolls and covering cryptocurrencies Kudos to Justin Brannan for ways to ease ability of building owners to comply with ambitious mandates, billions in conversions and retrofits trib.al/dc5fyHe

“The enactment of legislation like A.5050/S.943-A is a no-brainer.  Mayor Adams…It’s time to demonstrate your commitment to both environmental goals and the financial well-being of homeowners across New York City." Read the op-ed: bxtimes.com/op-ed-adams-si…