NYC Councilmembers Push Plan to Help Co-ops with Local Law 97

Following multiple conversations with LIBOR Government Affairs members and NYSAR’s advocacy team, Council Members Linda Lee (D-Oakland Gardens) and Sandra Ung (D-Flushing) announced new legislation to mitigate the costs of Local Law 97. Said Lee: “Local Law 97’s current structure unintentionally jeopardizes the housing stability of many working and middle-class condo and co-op owners. Our bill will provide the necessary adjustments, acknowledging the past efforts of many co-ops and condos to reduce emissions and their use of open spaces to mitigate environmental impacts.” Council Members Lynn Schulman (D-Forest Hills) and Vickie Paladino (R-Whitestone) are two of the 12 co-sponsors. Learn more.