NYC co-op owners, covering over 800K apartments, rebel against massive climate law costing millionsBy Carl Campanile
April 30, 2023
Middle-class co-op and condo building owners covering 800,000-plus apartments are rebelling against a massive city climate mandate — a green tax they claim will substantially hike housing maintenance bills to either pay for millions of dollars in upgrades or face gigantic fines beginning next year.
Homeowners for a Stronger New York is battling the terms of the city’s Climate Mobilization Emissions Law of 2019 — Local Law 97 — by next year while backing state legislation introduced by state Assemblyman Ed Braunstein (D-Queens) and Sen. Kevin Parker (D-Brooklyn) to require the city to provide property tax breaks to help alleviate the costs.
While supporting the goal of the Climate Change law, co-ops and condo owners said they need assistance to meet the new cleaner energy standards in what they called the “largest unfunded mandate in New York City history.”
The law is more stringent than Gov. Kathy Hochul’s ban on gas stoves, which only applies to new construction.
The city law covers existing buildings, which account for two-thirds or most of the carbon emissions in the city.
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Source:
https://nypost.com/2023/04/30/co-op-owners-rebel-against-massive-nyc-climate-law-costing-millions/
