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A warning about Local Law 97, higher limits for conforming loans, & more

Published January 27, 2023 (about 3 years ago) · Updated 3 months ago
A warning about Local Law 97, higher limits for conforming loans, & more
This week readers checked out a new report from the Real Estate Board of New York on compliance with New York City's Local Law 97, which limits harmful emissions from buildings. REBNY says that thousands of properties will likely fail to comply, even if they make significant investments to improve energy efficiency, and wants to see tax abatement and incentive programs implemented.
Also of interest: Thanks to new, higher limits for loans backed by Fannie Mae and Freddie Mac, NYC borrowers can avoid pricier jumbo loans.
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