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Decarbonizing NYC Co-ops: A LL97 Compliance Roadmap, October 23, 9:30-11 am, New York, NY
Event Description
Join Urban Land Institute NY (ULI NY) and the NYC Mayor’s Office of Climate & Environmental Justice (MOCEJ) for an engaging discussion on decarbonization planning for New York City’s largest limited-equity housing co-operatives.
To meet New York City’s ambitious climate targets, large housing co-operatives must comply with Local Law 97 (LL97), which imposes increasingly stringent carbon emission limits over time. Achieving net zero emissions by 2050, as required, however, poses significant financial, legal, and technical challenges for these properties, many of which serve thousands of low- to moderate-income residents and are restricted from passing on costs of upgrades to tenants. Compounding these issues, some of these properties have already invested significant resources over time to develop onsite cogeneration facilities, which generate affordable power for residents.
To address these unique barriers to decarbonization, ULI NY and MOCEJ convened a Technical Assistance Panel (TAP) in spring of 2025 to identify LL97 compliance pathways for these large co-operatives, considering how funding and financing programs can be designed to meet their unique needs, technical solutions to upgrade existing building conditions, and legal mechanisms so that these investments are compliant with New York housing laws and rules.
Join members of the TAP, alongside representatives from NYC housing co-operatives, for the launch of the NYC Co-ops and Local Law 97 report, followed by a discussion and Q&A with building representatives detailing TAP recommendations and the future of co-op decarbonization.
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