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The board of a small Brooklyn co-op obtained a Multifamily Express Green Loan from the New York City Energy Efficiency Corp to finance energy-efficient upgrades, including the installation of all-electric heat pumps and decommissioning the gas boiler. The co-op board increased maintenance and dipped into its reserve fund to cover the $150,350 project.

It's essential for buildings to review certificates of insurance (COIs) carefully to avoid potential liability. Fake COIs are a serious concern, and insurance brokers should be involved in verifying coverage details.

New Local Law 97 rules aim to address carbon-emission fines for buildings. "Good Faith Efforts" are detailed for the 10% facing fines in 2024. For the 75% expected to face fines in 2030, there's a carbon-emission credit for electrification measures.

The NYC Bar Association has updated the co-op apartment sales contract to address various issues and provide more clarity for buyers, sellers, and boards. It includes provisions for seller disclosures, buyer requirements, and facilitates the closing process, benefiting all parties involved.

NYC co-op and condo boards must hire a Qualified Parking Structure Inspector by Nov. 1 to inspect parking garages for a Dec. 31 deadline. These inspections result in Safe, Safe with Repairs and/or Engineering Monitoring, or Unsafe ratings, with associated repair costs. Moisture and de-icing agents can cause concrete damage, and waterproofing is recommended as a preventive measure.

NYC co-op and condo boards have implemented broad smoking bans encompassing cigarettes, e-cigarettes, cigars, pipes, and marijuana to prevent smoke emissions within apartments. Medical marijuana can be consumed in non-smoking forms. Such bans require amendments to governing documents.

Over his 13-year tenure as a resident manager, Ray Murphy led energy-saving projects in a Manhattan condominium, resulting in financial savings and environmental benefits.

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.