The Real Deal New York

These 3 City Council bills could be a game changer for property managers

Hearing and bill signing scheduled for Jan. 8
January 03, 2018 09:30AM

Empire State building

The City Council is scheduled to hold a hearing on Jan. 8 on three bills that could have a big impact on property managers.

Intro. 1632 would, if passed, require property managers to post Energy Star grades rating a building’s energy efficiency outside properties similar to restaurant health grades, the New York Post reported. The measure, proposed by Councilmember Dan Garodnick, would impact owners of buildings over 25,000 square feet. As of now, the city collects energy usage information about public buildings and private buildings over 50,000 square feet; the bill would affect about 20,000 structures should Mayor Bill de Blasio sign it into law. Grades wouldn’t have to be displayed until 2020.

Under Intro. 385, building owners would be required to inspect for and fix allergens that can lead to asthma, such as mold and pest infestations.

And Intro. 978 would require building owners to hire licensed contractors to remove mold in any space larger than 10 square feet. Under current rules, property managers can do the job. [NYP]Konrad Putzier