NYC Building Fines Begin as Local Law 97 Grace Ends
Compliance Deadlines and Reporting Challenges The impending compliance deadlines for Local Law 97 are a major concern for New York City's real estate sector. Building owners face growing challenges as they try to meet these timelines. By May 1, starting in 2025, building owners must annually disclose greenhouse gas emissions to the NYC Department of Buildings. Missing the June 30 grace period results in monthly fines. Extensions are possible, but only if a registered design professional or retro-commissioning agent is engaged by February 1, 2025. The Sustainability Bureau offers guidance to assist building owners in navigating compliance pathways, which many owners find vital as they deal with the detailed energy audits and emissions calculations that are considered daunting. Meeting deadlines requires securing qualified professionals, essential for compliance. Administrative and logistical challenges add complexity to accurate data reporting. Strategic planning and engaging with ...