New York City’s Local Law 97 (LL97) has set ambitious targets for reducing greenhouse gas emissions from buildings, presenting both challenges and opportunities for building owners and managers. Among the most promising developments is the Beneficial Electrification (BE) Credit, a game-changing incentive designed to accelerate the transition from fossil fuel systems to efficient electric alternatives. This credit offers substantial financial benefits, potentially reducing or even eliminating LL97 fines for buildings that act strategically and swiftly.
This FAQ summarizes the common questions and concerns about Local Law 97 compliance
that surfaced during the 2024 Supportive Housing Network of New York’s annual conference session titled “Preparing for Local Law 97”
with moderator Bomee Jung and panelists
Amanda Clevinger, Policy and Programs Director at Bright Power;
Anne Rahikainen, Director of Energy Efficiency Resiliency & Sustainability, Services for the UnderServed;
and Yangchen Dolma, Sustainability Consultant at KC3 and part of the NYC Accelerator team
LL97 is set to drive 25,000 retrofit projects in 5,500 prewar low-rise buildings by 2030.
Earlier this year, we found that most multifamily buildings have a straightforward and actionable path to 2030 LL97 compliance. Now, we’re taking a deeper look at the retrofits required for the most common multifamily building sector: prewar, low-rise buildings with one-pipe steam heating distribution systems. Original publication by Urban Green Council in collaboration with Cadence OneFive
Whether Local Law 97 becomes a headache or an opportunity depends on how you approach it. LL97 is different from previous regulations in its open-ended, performance-based framework and in its interplay with a rapidly evolving incentive landscape. Simply put, as a result of both New York State policy and the passage of the federal Inflation Reduction Act, there have never been more rebate dollars and low-cost capital available. By Marc Zuluaga, published in Habitat
Local Law 97 (LL97) is sometimes cast as a law about gleaming Manhattan office towers and luxury condos. While they draw the headlines, most of LL97’s 50,000 covered buildings are the more ordinary places where many New Yorkers live: co-ops, condos, market-rate rentals and rent-stabilized apartment buildings. Original publication by Urban Green Council in collaboration with Cadence OneFive
Local Law 97 is a big deal – being proactive now is critical because these dates are right around the corner, and inaction will be costly. Cadence OneFive Co-Founder Marc Zuluaga discussed Local Law 97 and the aftermath of the new rules. Recap of November 10th, 2022 webinar hosted by SiteCompli.