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In 2019, Gov. Andrew Cuomo signed the Climate Leadership and Community Protection Act, which committed New York state to one of the most ambitious environmental goals in the world: an 85% reduction in emissions from 1990 levels by 2050. The law established interim goals of reducing emissions to 40% below 1990 levels by 2030, while mandating that 100% of the electricity generated in the state come from clean energy sources by 2040.
Along with making a complete transition to renewable energy in the power sector, meeting the state’s benchmarks will likely require buildings that rely on gas for heating and hot water to be retrofitted as well as major upgrades to the electrical grid. Alone, any of these measures to decarbonize the built environment would be difficult, but to synchronize them all on an expedited timeline will require a collaborative – and monumental – effort.
Four in Niles seek three council seats | News, Sports, Jobs
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The 2021 Real Estate Power 100: 51-100
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Legal Aid’s Judith Goldiner and REBNY’s James Whelan have teamed up. (Getty, REBNY, Legal Aid)
Talk about strange bedfellows. United by a desire to help New Yorkers pay rent and thus, make landlords’ lives easier the Real Estate Board of New York and Legal Aid Society have teamed up on a new lobbying push.
The two groups have joined forces with an existing effort, dubbed “Project Parachute,” that has pressured lawmakers to provide more rental assistance to tenants who are struggling because of the pandemic, the Wall Street Journal reported. Enterprise Community Partners launched the effort, which now has more than 100 participants.
Commercial tenants would not be required to disclose the amount of relief they have already received, in contrast to Cuomo’s proposal. The legislature’s bill would also stop foreclosures and tax lien sales for businesses with 50 or fewer employees, or 10 or fewer rental properties.
Of the measures on the table to combat mounting unpaid rent, the legislature’s is the least-favored by the real estate industry.
Federal and state governments have largely sought to postpone the most drastic outcomes of unpaid debts, such as evictions, tax lien sales and foreclosures, rather than provide vouchers or cancel rent arrears. The rollout of the state’s $100 million rent relief program in 2020 was widely criticized as insufficient, even by some lawmakers who voted in favor of it, and the state agency tasked with administering the program turned away more than half of those who applied for the funds.