Search Results: local law 97
Alexis Saba to Speak on the Inflation Reduction Act and NYC Local Law 97
On January 24, 2023, SPR Associate Alexis Saba will discuss the highlights of the historic Inflation Reduction Act (IRA) and its implications for NYC Local Law 97 compliance in a panel discussion hosted by the Building Energy Exchange (BE-Ex). As part of BE-Ex’s “Climate Mobilization Act Series: The IRA Meets New York” program, Alexis…
NYC Department of Buildings Releases Proposed Local Law 97 Regulations
On October 6, 2022, the New York City Department of Buildings (DOB) issued proposed regulations to implement Local Law 97 of 2019 (LL97). LL97 requires most large buildings in NYC to meet increasingly stringent greenhouse gas (GHG) emissions limits starting in 2024. The proposed regulations include three key components and numerous other clarifications to the…
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….
Local 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…
City 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…