Council of New York Cooperatives & Condominiums

Here's what other co-op/condo board members had to say after the first training session for the new LL97 Compliance Planning Tool-- "Now that I've gone back and looked through our energy audit with an eye towards entering the information, I have a better understanding of what it means." "I'm looking forward to sharing different iterations (decarbonization pathways) with the rest of the board." "I can't wait to get started!" Register for next Thursday's session to learn more: https://lnkd.in/egFtVARz The tool will be available for download at: https://lnkd.in/etP9zSQd

Co-op and condo homeowners have invested their life savings in New York City. CNYC is bringing those homeowners together to ensure New York City can provide the future they envisioned. Join us for Town Halls all spring, starting in upper Manhattan on April 10, and attend our Annual Meeting on April 30. Learn more: https://lnkd.in/ePxvzF8 Now, more than ever, co-ops and condos need #PartnershipNotPenalties. Let's make it happen. #NYC #coops #condos #compliance #taxes #housingcosts #qualityoflife #affordability #homeownership

If your board hasn't updated your admissions policy recently, join us Tuesday, March 12 at 6 pm on Zoom to learn about modifications you must make as a result of the Fair Chance for Housing Act, and other recent legislation. Register at: https://lnkd.in/ePxvzF8 #FairChanceForHousing #criminalhistory #coop #coopapplications #homeownership #condos #subletting

CNYC is pleased to announce the launch of a free new Local Law 97 Compliance Planning Tool designed for use by co-ops and condos by Jaros, Baum & Bolles. CNYC thanks JB&B for this significant contribution which will help support the co-op and condo sector. REGISTER for a training session: March 13 at 6pm: https://lnkd.in/er6KbUPg March 20 at 6pm: https://lnkd.in/egFtVARz #LL97 #LocalLaw97 #NYC #coops #condos #decarbonization #decarbonizationpathways #carbonreduction #energyefficiency

We have some great questions lined up for tonight! There’s still some time to register and add yours!

The DoB announced some small changes around 2025 LL97 Filings and provided other general instruction at a webinar hosted by ASHRAE Friday. Among other items: (1) All buildings can ask their RDPs to file for an extension through August 29 if needed -- the rules said that only RDPs hired by February 1 could file. (2) RDPs are no longer required to upload backup documentation for GFA measurements; they just need to attest to the amounts -- Of course, that leaves the burden of determining appropriate backup on RDPs, so check with yours if you haven't already done so. -- Both items 1 and 2 are welcome changes, but do not diminish the need for greatly reduced late filing fees for co-ops and condos.--- (3) Start the process early!! DOBNow payments may take up to ten (10) days to process, and you can't proceed without payment confirmation. (4) Emails used for the "Owner" must match an NYCID-verified email already used in DOBNow. RDPs should confirm emails are the ones you want to use, and you are good to go on that front. (5) No dashes between BBLs anymore!! Prior years' benchmarking reports included some with, some without, and a few that were incorrect. It can't be said enough that you should make sure you verify your benchmarking report. (6) BBL/BIN confusion -- If you have multiple BBLs and/or multiple BINs, make sure your RDP is good to go. (7) Even if you don't need to file your LL97 report until 2027, you DO NEED TO FILE YOUR LL88 REPORT and your LL84 report! Make sure you're good to go. More details will likely emerge next week at the next webinar. Stay posted! #LL97 #coops #condos #NYC #LL88 #BEAM #DOBNow #benchmarking

The DoB announced some small changes around 2025 LL97 Filings and provided other general instruction at a webinar hosted by ASHRAE Friday. Among other items: (1) All buildings can ask their RDPs to file for an extension through August 29 if needed -- the rules said that only RDPs hired by February 1 could file. (2) RDPs are no longer required to upload backup documentation for GFA measurements; they just need to attest to the amounts -- Of course, that leaves the burden of determining appropriate backup on RDPs, so check with yours if you haven't already done so. -- Both items 1 and 2 are welcome changes, but do not diminish the need for greatly reduced late filing fees for co-ops and condos.--- (3) Start the process early!! DOBNow payments may take up to ten (10) days to process, and you can't proceed without payment confirmation. (4) Emails used for the "Owner" must match an NYCID-verified email already used in DOBNow. RDPs should confirm emails are the ones you want to use, and you are good to go on that front. (5) No dashes between BBLs anymore!! Prior years' benchmarking reports included some with, some without, and a few that were incorrect. It can't be said enough that you should make sure you verify your benchmarking report. (6) BBL/BIN confusion -- If you have multiple BBLs and/or multiple BINs, make sure your RDP is good to go. (7) Even if you don't need to file your LL97 report until 2027, you DO NEED TO FILE YOUR LL88 REPORT and your LL84 report! Make sure you're good to go. More details will likely emerge next week at the next webinar. Stay posted! #LL97 #coops #condos #NYC #LL88 #BEAM #DOBNow #benchmarking

CNYC is pleased to see the introduction of Resolution 780-2025 by Council Members Pierina Ana Sanchez and Tiffany Cabán, which specifically addresses the financial needs of co-op and condo homeowners. The bill would enable homeowners to apply for SCHE and DHE tax exemptions on a rolling basis, eliminating the March 15 annual deadline. If the requested state legislation?is passed, it will have a?real?positive impact. CNYC also supports Resolution 327-2024, introduced by Council Member Sandy Nurse, which would enable seniors receiving Enhanced STAR credits and those homeowners receiving SCHE and DHE exemptions to obtain the funds retroactively if they are inadvertently knocked off the city's rolls... This bill is currently critical as DoF introduced a new platform this year. One caveat is that co-op homeowners are not currently included in the resolution, while condo and single-family homeowners are, so we urge a slight amendment to address the inconsistency. #NYC?#realestatetaxes?#SCHE?#DHE?#STAR?#seniors?#coops?#condos?#homeowners?#NYS

CNYC's legislative update for professional subscribers takes on a slightly different urgency during this pivotal year for NYC and co-op and condo homeownership. We're looking forward to discussing recently passed and pending legislation, the state and city budgets in light of federal funding changes, and more, with CNYC's advocates and professional subscribers. Property managers, accountants, attorneys, architects, engineers, and other related professionals can learn more about this event by contacting Rebecca Poole at [email protected]. #NYC #coops #condos #professionals #FISP #LL97 #LL126 #LL157 #LL152 #taxreform

?? Qualifying property owners have until March 17th to apply for one of the many tax exemptions offered by the city to help lower your annual property tax bill, including: ?Senior Citizen Homeowner Exemption (SCHE): Available to homeowners with a combined annual income of $58,399 or less. ?Disabled Homeowner Exemption (DHE): Available to homeowners with disabilities and combined annual income of $58,399 or less. ?Veterans: Available to eligible veterans of foreign wars, veterans with honorable discharges, spouses/widow(er)s of veterans, and Gold Star parents. Act now and take advantage of these and other valuable property tax benefits! More info below. Full eligibility and application instructions here: www.nyc.gov/ownerexemption #taxsavings #propertytax #NewYorkers