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Will Local Law 97 compliance rates improve by 25% for affordable housing projects by Q2 2025?
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New York City•Eric Adams•GreenHOUSE Fund•Local Law 97•Meera Joshi•NYC Buildings•NYC Housing•NYC Climate•Crown Heights•Brooklyn
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NYC Buildings Department or official NYC reports
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NYC Mayor Adams Launches GreenHOUSE Fund to Help Affordable Housing Projects Save Green
Sep 26, 2024, 02:10 PM
New York City Mayor Eric Adams has launched the GreenHOUSE Fund, an initiative aimed at assisting affordable housing projects in meeting Local Law 97 requirements. The fund will provide financial assistance to building owners for emissions reduction projects, helping them electrify and decarbonize their buildings. Deputy Mayors Meera Joshi and Maria Torres-Springer, along with city officials from NYC Buildings, NYC Housing, and NYC Climate, were present in Crown Heights, Brooklyn, to discuss the program's implementation. The initiative is also expected to help building owners save green, according to a press release.
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