Latitude announces new updates supporting NYC LL97 compliance and embodied carbon regulations, including the creation of an Affordable Housing Reinvestment Fund, amended GHG calculations, and funding opportunities for energy-efficient capital projects. These updates position Latitude as a key partner in navigating evolving sustainability and energy efficiency requirements for New York property managers and agencies.
NEW YORK, Oct. 11, 2024 /PRNewswire-PRWeb/ -- Latitude, a leading expert in building sustainability and Local Law 97 (LL97) compliance solutions, announces a series of critical updates to help property managers, landlords, and capital project agencies navigate evolving regulatory requirements in New York City and New York State. The new developments provide much-needed guidance and support for building owners, particularly those managing affordable housing, institutions such as schools and medical facilities, and large-scale government projects.
Key Updates Include:
1. LL97 Proposed Amendments (September 26, 2024): With a public hearing scheduled for November 7, 2024, the proposed updates to LL97 introduce new changes, including:
- Affordable Housing Reinvestment Fund: Penalties collected from Article 320 buildings, amounting to up to 10% of a building's carbon emissions cap, will be reinvested into affordable housing electrification projects, making sustainable energy more accessible.
● GHG Calculation Adjustments for Campus and Cogeneration Systems: Amends the methodology for greenhouse gas (GHG) emissions calculations to more accurately reflect the carbon footprints of campus and cogeneration systems, promoting fairer assessments.
● Emission Limit Adjustments: Provides detailed guidelines on how emissions limits adjustments can be granted, addressing legal, physical, or financial constraints that may hinder compliance.
● Filing Fees for Compliance Reports: Establishes a fee structure for compliance reporting and emissions adjustments, further clarifying the process for building owners.
2. Embodied Carbon Regulation Compliance: With the implementation of Executive Orders 22 and 23 at the state and city levels, capital project agencies and government projects are now subject to stringent embodied carbon guidelines. These directives ensure that new projects align with New York's sustainability goals, placing particular focus on minimizing the carbon impact of construction materials and processes.
● NYC Executive Order 23: Directs city agencies to adopt sustainability measures, including embodied carbon requirements, for all capital projects.
● NYS Executive Order 22: Ensures that state agencies lead by example, adopting advanced sustainability measures in public works projects. (Full text available here: Executive Order 22 and Executive Order 23).
3. NYSERDA Clean Green Schools Initiative: Latitude is excited to highlight the funding opportunities available through the NYSERDA Clean Green Schools Initiative, which supports energy efficiency upgrades for under-resourced schools. This program offers underfunded schools access to capital to implement energy-saving improvements, reducing their overall carbon footprint. For detailed list of eligible schools, please contact us. (Details available at NYSERDA Clean Green Schools).
4. DOE Energy Code Funding: The Biden-Harris Administration recently allocated $90 million in funding to support updated energy codes for buildings, further emphasizing the national shift toward enhanced energy efficiency standards. This funding will play a key role in facilitating compliance for property managers as they align their projects with updated regulations. (Read more: DOE Energy Code Funding).
"We are thrilled to see more accessible pathways for affordable housing and schools to implement energy-saving measures and meet new regulatory advancements," said Marty Waisbrod, CEO and Founder of Latitude. "Latitude remains committed to supporting our clients in achieving compliance with these regulations while driving long-term energy savings."
About Latitude:
Latitude continues to be at the forefront of helping property managers, landlords, and project agencies navigate the complex landscape of carbon regulation and energy efficiency requirements. By offering tailored solutions, including LL97 compliance support and embodied carbon assessment, Latitude remains committed to helping New York's real estate and capital project sectors achieve long-term sustainability.
For more information about Latitude's comprehensive services or to inquire about compliance solutions, visit https://latitudecompliance.net/.
Media Contact
Sarah Nekoufar, Latitude, 929-349-7333, [email protected],
Media Contact
Sarah Nekoufar, Latitude Compliance, 929-349-7333, [email protected], https://latitudecompliance.net/
SOURCE Latitude Compliance
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