Many New York City co-op and condo boards had been resistant to the idea of approving green retrofits and energy-efficiency upgrades, but that reluctance might be in retreat.
A principal at Urbanstrong, a green building consultancy, says the attitude of board members has shifted recently, according to a Habitat report. First, boards are realizing that they will have no choice but to comply with recent New York carbon-reduction laws.
They are also hearing from other boards that solar panels can be a welcome source of income as well as an effective carbon-reduction strategy. In addition, a sustainability-enhancing feature such as a green roof can increase property values, particularly if it includes an attractive lounge space.
The city’s one million buildings have 40,000 acres of roof space. Just a tiny fraction of those spaces accommodate solar panels or resident amenities. Some properties are making plans to green up HVAC by replacing old, inefficient heating and cooling systems with a combination of heat pumps and efficient gas boilers.
Related Stories
Coronavirus | Apr 15, 2020
COVID-19 alert: 93% of renters in professionally managed multifamily housing paid some or all of their rent, says NMHC
In its second survey of 11.5 million units of professionally managed apartment units across the country, the National Multifamily Housing Council (NMHC) found that 84% of apartment households made a full or partial rent payment by April 12, up 15 percentage points from April 5.
Multifamily Housing | Apr 15, 2020
Related Group picks Stantec to design and engineer Manor Miramar residences in Florida
Related Group picks Stantec to design and engineer Manor Miramar residences in Florida.
Coronavirus | Apr 5, 2020
COVID-19: Most multifamily contractors experiencing delays in projects due to coronavirus pandemic
The NMHC Construction Survey is intended to gauge the magnitude of the disruption caused by the COVID-19 outbreak on multifamily construction.
Plumbing | Mar 13, 2020
Pioneer Industries launches new website
Pioneer Industries launches new website
Multifamily Housing | Mar 5, 2020
The Aviator apartment community opens near Henderson Executive Airport
The community is inspired by antique airplane designs.
Building Materials | Mar 3, 2020
84 Lumber President Maggie Hardy Knox receives Career Achievement Award
Maggie Hardy Knox, President of 84 Lumber and Nemacolin Woodlands Resort, to receive Career Achievement Award.
Multifamily Housing | Feb 26, 2020
School districts in California are stepping in to provide affordable housing for faculty and staff
One high school district in Daly City has broken ground on 122-apartment building.
