Co-op and Condos United of New York (CCU) is demanding the City Council provide tax relief to co-op and condo owners in Queens and across the city by adopting the J-51 program recently approved by the New York State Legislature.
The coalition gathered at the Bell Park Manor Terrace Co-op in Queens Village on Friday, July 24, to draw attention to what they called “unfunded mandates,” specifically citing Local Law 97 (LL97) — a landmark climate law that sets carbon emission limits on buildings exceeding 25,000 square feet, or multiple tax lot buildings exceeding 50,000 square feet — among other economic factors that they argue threaten housing affordability.
