Testimony

The Real Estate Board of New York to The Committee on Housing and Buildings of the New York City Council Regarding the FY 2023 Preliminary Budget

Ryan Monell

Vice President, Government Affairs

March 13, 2022

The Department of Buildings and the Department of Housing Preservation and Development are critical partners to the real estate industry, and REBNY appreciates the longstanding working relationships between members and the agencies to further initiatives across a broad spectrum of issues, including sustainability, fair housing, and eviction prevention.

For FY2023, REBNY encourages that additional funding be provided for the Department of Buildings to fund the full implementation of Local Law 97 of 2019 (LL97). Reaching our shared goals requires collective effort from both the public and private sectors to deal with the crisis at hand. REBNY supports City and State emissions reductions goals, and we are proud to represent members who are innovating in the fields of building construction and technology to reduce carbon footprints, increase energy efficiencies, and take concrete steps to strengthen climate resilience. Adequate funding for the Office of Building Energy and Emissions Performance (OBEEP) at the Department of Buildings is critically important to realizing these goals. OBEEP was created to ensure implementation of LL97, including the overseeing of advisory boards currently facilitating the law’s technical details, and ultimately for executing compliance as the law requires, beginning in 2024. As such, funding is required for the Office to ensure the successful implementation of the law.