X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
raining money Shutterstock

On May 19, 2019, the New York City Council passed a series of groundbreaking bills collectively referred to as the Climate Mobilization Act or the “CMA.” The goal of the CMA is to reduce New York City greenhouse gas emissions 80% by year 2050. The bills passed were designed to achieve this lofty goal in part by placing a statutory cap on greenhouse gas emissions, requiring green roofs, and making it easier to build large wind turbines. One of the most significant CMA bills was Int. 1252-A, now known as Local Law 96 of 2019, enabling Property Assessed Clean Energy (PACE) financing in New York City for the first time. Although PACE programs are available for both residential and commercial properties, this article will focus on commercial PACE financing.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 

New York Law JournalBook

New York Law Journal, serving the bench and the bar since 1888

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.