The new law will require the owners of roughly 1,000 buildings with regulated apartments to comply with the Council’s mandate that buildings larger 25,000 square feet cut their carbon emissions by 40 percent emissions reduction by 2030.
...
Building owners blasted de Blasio for signing the measure, claiming it was impractical and unaffordable.
“Instead, the City is applying an unexplained and unfunded mandate to buildings that are already in a state of distress due to low operating margins, unpaid rent and COVID-related expenses,” said James Whelan, the head of the Real Estate Board of New York.
https://nypost.com/2020/11/17/de-blasio ... buildings/
Red Bill Deblasio expands "NYC Green New Deal"...
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Red Bill Deblasio expands "NYC Green New Deal"...
...to rent controlled apartments.