City Council expands retrofit financing program

The City Council on Thursday passed a bill that will expand a financing program aimed at helping property owners pay for building retrofits — but the program remains unavailable for now. The bill tweaks language in a 2019 law to make new buildings eligible for a program that could help their owners comply with Local Law 97, which caps carbon emissions. The program, known as commercial property assessed clean energy (C-PACE), has not yet been