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The Landmarks Preservation Commission has approved changes to streamline approval processes for altering historic buildings in NYC, including energy-efficient upgrades, without full commission votes. Part of Mayor Eric Adams' initiative, the changes aim to expedite reviews, benefitting property owners and climate goals.

A co-op in East 73rd Street found compromised load-bearing columns during a renovation. The board took prompt action, assembling a team to reinforce the steel beams with new plates and brick encasement, securing funding through a second mortgage.

Fortis, a Denver-based company, offers a solution for buildings with roofs in between needing replacement: recondition existing roofs, extend the warranty, and install solar panels with a simple one-page warranty.

New guidance from the New York State Energy Research and Development Authority makes it easier to obtain PACE loans for energy-saving projects like electric heating, cooling, and domestic hot water systems. Borrowers repay through property tax bills.

Two New York multifamily buildings, a Manhattan co-op and a Brooklyn condo, have received grants from NYSERDA to fund repairs and energy efficiency improvements as part of the Low Carbon Pathways program.

After a significant water leak incident in a small Upper East Side co-op, the board implemented measures including regular apartment inspections, double-checking renovations, and installing water sensors in each apartment to prevent future damage, with the installation process being quick and cost-effective.

Easy-to-install units mean no retrofits required.

Implementing water conservation tune-ups in buildings, such as Lindsay Park in Brooklyn, has proven to be a highly effective way to identify and address water waste, resulting in significant savings of up to 30% in water usage and a decrease in annual water bills, while also benefiting the environment by reducing electricity consumption for pumping systems.

If it’s less than 30 years away, it’s time to extend it.

Check out a bank’s financial health before putting your money there.