Momentum building for green retrofits in New York City co-ops, condos

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.

The U.S. is ill-prepared to provide adequate housing for the growing ranks of older people, according to a report from Harvard University’s Joint Center for Housing Studies. Over the next decade, the U.S. population older than 75 will increase by 45%, growing from 17 million to nearly 25 million, with many expected to struggle financially.

Almost a million apartment units are currently under construction in the U.S., says Apartment List.

MFPRO+ News | Dec 7, 2023

7 key predictions for the 2024 multifamily rental housing market

2024 will be the strongest year for new apartment construction in decades, says Apartment List's chief economist.

Codes and Standards | Dec 7, 2023

New York City aims to spur construction of more accessory dwelling units (ADUs)

To address a serious housing shortage, New York City is trying to get more homeowners to build accessory dwelling units (ADUs). The city recently unveiled a program that offers owners of single-family homes up to nearly $400,000 to construct an apartment on their property.

MFPRO+ News | Dec 5, 2023

DOE's Zero Energy Ready Home Multifamily Version 2 released

The U.S. Department of Energy has released Zero Energy Ready Home Multifamily Version 2. The latest version of the certification program increases energy efficiency and performance levels, adds electric readiness, and makes compliance pathways and the certification process more consistent with the ENERGY STAR Multifamily New Construction (ESMFNC) program.

Austin, Texas, has devised a toolkit for creating 'equitable transit-oriented developments,' or ETODs.

Transit Facilities | Dec 4, 2023

6 guideposts for cities to create equitable transit-oriented developments

Austin, Texas, has developed an ETOD Policy Toolkit Study to make transit-oriented developments more equitable for current and future residents and businesses.