The Co-op and Condo Insider
Local Law 97 is starting to feel very real for co-op and condo boards across New York City. When Jane Menton reviews building emissions reports, it becomes clear this is not just a long-term climate goal. It has the potential to create significant costs for buildings that are already operating on tight budgets. We talk through why 2030 is closer than it sounds in terms of capital planning, how projects can quickly turn into assessments, and what early electrification estimates could mean on a per-apartment basis. We also step back and look at a piece that does not get much attention at board meetings: the electric grid. As buildings move toward electrification, questions around capacity, reliability, and rising demand come into focus. We discuss how Local Law 97 connects with the broader push for renewable energy, and what it could mean for residents if electricity costs continue to rise alongside compliance requirements. Finally, we focus on practical paths forward. Jane shares how Co-ops and Condos United NY is working to build a broader coalition, what potential policy tools like an expanded J-51 abatement could look like, and why more coordinated advocacy at the City Council level could make a difference. If you live in a co-op or condo, this conversation offers a clear look at what is coming and how buildings can start preparing. Subscribe for more conversations on co-op and condo governance, share this episode with your board, and leave a review to help others find it. What is the biggest challenge your building is facing right now?
22 episodios
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