The Executive Committee of the President’s Co-op & Condo Council was pleased to read NYC Council Member Justin Brannan’s op-ed in the Daily News in support of Assembly bill 5050, the so-called Parker Braunstein bill. This bill will provide desperately needed tax credits to financially vulnerable Co-ops and Condominiums in their attempts to comply with the Climate Mobilization Act (LL 97) and its’ crushing penalties.
NYC Council Member Justin Brannan.
We would like to thank CM Brannan for his support on this bill and look forward to continue working with him to bring solutions to the implementation of Local Law 97 in a fair and equitable manner, without bankrupting a large swath of affordable housing in New York City, the Co-op and Condo community of homeowners.