In 2013, New York City, in partnership with the New York State Research and Development Authority (NYSERDA), expanded the Carbon Challenge to include multifamily buildings. The City is partnering with leading property management firms that have committed to reduce greenhouse gas emissions from a portfolio of their multifamily residential buildings by 30% in ten years. The residential sector accounts for 37% of New York City's total emissions, making up the largest single source of emissions in the city. Lack of financing and a fragmented decision-making process have been barriers to energy efficiency in multifamily residential buildings in the past, but energy savings will generate financial cost-savings for residents, increase property values, and improve local environmental quality.
- AKAM Associates, Inc.
- Century Property Management
- Charles H. Greenthal Management
- Douglas Elliman Property Management
- FirstService Residential
- Marion Scott Real Estate, Inc.
- Midboro Management
- New Holland Residences
- Prestige Management
- Rose Associates
- RY Management Co., Inc.
- Solstice Residential
- Wallack Management
Participating management firms will sign up buildings within their portofolios to participate in the Challenge by the summer of 2014. If you are a resident of a co-op, condo, or rental building that is interested in participating, contact your property manager directly or email CarbonChallenge@cityhall.nyc.gov for more information.
Press and Announcements
Mayor Bloomberg, Deputy Mayor Holloway and Office of Long Term Planning and Sustainability Director Sergej Mahnovski announce significant reduction in greenhouse gas emissions and new and expanded programs to continue the progress
Tools for Multifamily Buildings
The NYC Carbon Challenge Handbook for Co-Ops and Condos
The NYC Carbon Challenge Handbook for Co-Ops and Condos is a tool for co-op and condo residents to learn how to begin reducing their building’s energy use and GHG emissions. The handbook covers the basics of energy efficiency in multifamily residential buildings, the cash incentives and financing available in New York City, and the relevant local laws and regulations aimed at helping the city’s buildings become more efficient.