Posts Tagged ‘Local Law 97’
Building Owners Sue NYC to Challenge Local Law 97
Marking the first legal challenge to NYC Local Law 97 of 2019 (Local Law 97) since its enactment, a group of building cooperatives, residents, shareholders, and a real estate company (Plaintiffs) sued the City of New York, the New York City Department of Buildings (DOB), and the DOB Commissioner (collectively, Defendants) on May 18, 2022.…
Read MoreLocal Law 97 Carbon Trading Feasibility Study Published
The carbon trading feasibility study required by NYC Local Law 97 of 2019 (Local Law 97) has been published by NYU’s Guarini Center on Environmental, Energy & Land Use Law, in consultation with the New York City Mayor’s Office of Climate & Sustainability, among others. Local Law 97 requires that most buildings in NYC…
Read MoreCity Issues New Local Law 97 Affordable Housing Guidance
New York City issued new guidance on compliance with Local Law 97 of 2019 (Local Law 97), as amended, for affordable housing and extended the compliance deadline for some types of rent regulated buildings. Local Law 97 requires most buildings over 25,000 square feet to meet progressively stringent greenhouse gas emissions (GHG) limits or to…
Read MoreNew Model High-Performance Lease Helps Unlock NYC’s Ambitious Climate Goals
In August 2021, the Institute for Market Transformation, with pro bono assistance from SPR, released a model high-performance lease that will provide critical assistance for commercial building owners and tenants seeking to advance building decarbonization and comply with NYC Local Law 97. A “high-performance lease” is a commercial lease that contains provisions that mandate…
Read MoreNYC Department of Buildings Issues New Guidance on Local Law 97 Adjustment Applications
On Friday April 9, the New York City Department of Buildings (DOB) issued its first Local Law 97 Adjustments Application Filing Guide. DOB began accepting adjustment applications on April 12, 2021 via its DOB NOW: Safety website. Local Law 97 of 2019 (LL97) requires most New York City buildings over 25,000 square feet to meet…
Read MoreNew York City Council Passes Major Amendment to Local Law 97 Affordable Housing Provisions
On October 29, 2020, the New York City Council passed Int. No 1947-A—a bill that significantly amends the affordable housing provisions of Local Law 97 of 2019 to require more buildings to meet greenhouse gas emissions caps. Local Law 97 and the technical amendments in Local Law 147 of 2019 require most new and existing…
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