Local Law 97 seeks to diminish greenhouse gas emissions from large buildings in New York, setting high compliance benchmarks. However, its implementation process has become burdensome for middle-class housing, especially co-ops, which face expensive fines for non-compliance. The arbitrary nature of new filing requirements further complicates the situation, as buildings are required to incur additional costs for measurements and consultation. This places financial strain primarily on middle-income residents, particularly retirees who may struggle with the unforeseen expenses tied to the law's rollout.
The ambitions of Local Law 97, while praiseworthy in their intent to cut emissions, are challenging for middle-income housing that cannot afford compliance costs.
The Department of Buildings' implementation process seems poorly planned, risking the financial health of older co-ops as complexities and fines accumulate for late compliance.
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