Wednesday, April 21, 2021

A RECOVERY FOR ALL OF US: MAYOR DE BLASIO ANNOUNCES PATH TO PROVIDE GEOTHERMAL UTILITY SERVICE

 

City will identify project sites this year and pursue legislation to deploy geothermal district demonstration projects and bring service to scale

  To accelerate the transition from fossil fuel energy sources to a city that runs on clean energy technologies, Mayor Bill de Blasio today announced several critical steps the City will take to advance the implementation and integration of district geothermal systems. Geothermal heating and cooling is a highly efficient and clean technology that has been available for decades but remains largely underutilized in New York City. These systems can help replace fuel oil and natural gas to transform how the city heats and cools its one million buildings. 

 

“We can and must leave fossil fuels behind and choose to run the places where we live, work and go to school on clean technologies,” said Mayor Bill de Blasio. “These are the solutions that we will continue to double down on to deliver on our climate goals and our promise of a healthy, clean, inclusive and safe New York City.”

 

“It's time to end the furnace as we know it,” said Ben Furnas, Director of the Mayor’s Office of Climate & Sustainability. “The future of heating and cooling is coming, and not a moment too soon. Geothermal technologies will play a key role in providing clean, affordable, and comfortable homes and workplaces while accelerating our transition away from fossil fuels."

 

“Geothermal systems such as the one DDC recently installed at the Bronx River House in Starlight Park typically provide a 20 percent energy savings versus conventional heating and cooling systems, and are completely carbon neutral” said DDC Commissioner Jamie Torres-Springer. “This is an important opportunity to bring these critical technologies to scale and expand those energy impacts citywide."

 

Geothermal, or ground-source, heat pumps rely on the constant temperature beneath the earth’s surface to provide carbon-free, efficient heating and cooling, and use less electricity than other types of heat pumps. New York City has already built building level geothermal projects throughout the city, including at FDNY Rescue Co. 2 in Brooklyn and PS 62 on Staten Island. By pursuing a geothermal district demonstration project, the City can illustrate the carbon and energy impact for multiple buildings relying on this shared infrastructure and maximize the environmental benefit. The City can play a unique role in unlocking these geothermal district systems and accelerate decarbonization with a focus on environmental justice impacts.

 

To advance this work, the City will initiate a feasibility study to select a potential demonstration project site or set of sites by the end of 2021, with a focus on places that are technically viable, have the most impact on reducing gas usage, will provide an affordable option, and where the most benefits to environmental justice communities can be achieved. In tandem with the feasibility study, the administration will pursue legislation in the coming weeks to give the City the authority to build and operate one or more geothermal district demonstration projects that will include private buildings as well as provide the foundation for the City to build and operate these systems citywide in the future.  

 

“We applaud Mayor Bill de Blasio’s leadership in developing renewable energy resources to serve the needs of New York City,” said Sonal Jessel, M.P.H., Director of Policy at WE ACT for Environmental Justice. “Geothermal heat pumps, powered by renewable energy, are an intriguing possibility for New York City worth exploring, especially with a focus on environmental justice. Given our growing work in decarbonization and electrification, and our success in training a renewable energy workforce, we would welcome the opportunity to partner with the City on a geothermal district demonstration project in Northern Manhattan.”

 

“Urban Green applauds this leading, bold move to tap the Earth’s carbon-free energy. It’s an innovative step to help decarbonize the 40% of NYC’s emissions coming from heat and hot water,” said John Mandyck, Urban Green Council CEO.

 

"Geothermal heat pumps are widely recognized as the most efficient way to heat and cool buildings.  As such, they offer the lowest operating costs of any alternative to fossil fuels.   NY-GEO, our statewide trade organization, applauds Mayor DeBlasio’s vision and his efforts to make this climate saving technology available to more New Yorkers," said Bill Nowak, 

Executive Director, NY-GEO.

 

"Earth Day 2021 has fresh energy for big, important climate actions.  We applaud Mayor de Blasio’s exciting initiative to create geothermal districts, providing the resources and the data to prove-out the enormous potential of this critical clean energy technology, in diverse communities throughout the city," said Richard Yancey, FAIA, Executive Director of the Building Energy Exchange.  "Just like the Mayor’s Open Streets has transformed underutilized public space for the health and enjoyment of all citizens, geothermal energy districts promise to provide local clean power sources to make healthy, low carbon buildings the norm for everyone everywhere.  We look forward to continuing our collaboration with communities, the Mayor, and city agencies to accelerate our city’s clean and healthy energy transition."

 

“Long underutilized in NYC, geothermal systems can offer an energy-efficient option for buildings, old and new, as we seek to dramatically reduce our city’s carbon footprint. The geothermal system that heats and cools the Center for Architecture, AIA New York’s home in the heart of Greenwich Village, was installed almost 20 years ago as the first geothermal system in a building in NYC. It has served us well and we support further studies into how such systems can be optimized for our city’s needs,” said Ben Prosky, Assoc. AIA, Executive Director, American Institute of Architects New York.


Assemblymember Nathalia Fernandez - April COVID-19 PCR Testing

 

 Greetings,

A gentle reminder that we will be providing Free PCR COVID-19 Testing today in partnership with Junior Chambers International- Queens, to our community at our office, 2018
Williamsbridge Road, Bronx, New York, 10461

The testing is Free For The Uninsured and Zero Copay For The Insured.

Walk-ins are available, but we do encourage scheduling an appointment in advance for quicker services.

We encourage you to invite your families, friends, and neighbors as we continue to practice COVID-19 Safety Guidelines and do our parts to keep the community safe through this pandemic. 

Best Regards,

New York State Assemblywoman Nathalia Fernandez


Senator Luis Sepulveda - Upcoming Webinar: Taxes on Unemployment and Stimulus Checks

 

Dear Neighbor, 

Please join me and the Legal Aid Society on Thursday, April 29th at 3PM, where I will be hosting a Tax Webinar on unemployment insurance benefits and stimulus checks to provide important tax updates before the IRS filing deadline on May 17th. Questions you can expect to be answered:

- What does the federal exclusion of up to $10,200 of unemployment compensation mean for me?
- Will my 2020 stimulus checks be considered taxable income?  
- And much more!

Please RSVP to the Zoom webinar here: https://bit.ly/NYSenSepulveda. Spanish interpretation will also be provided on Zoom.

If you are unable to attend through Zoom, this webinar will also be available in English through my Facebook page at facebook.com/NYSenSepulveda/.

For legal assistance on immigration, please call the Legal Aid Society's  Immigration Law Unit Helpline at (844) 955-3425. For any tax questions, please call the Low Income Taxpayers Clinic at (212) 426-3013




256 Days and Counting

 


I want to thank all New Yorkers for having the sense to protest peacefully last night after the Guilty, Guilty, Guilty verdicts. That may have come about since Donald Trump is no longer President. 

It has taken me almost eight years as Mayor to learn how to police NYC, but we still need to do more. Accountability needs to be seen, but not for me.

Fintech CEO Pleads Guilty To Multiple Fraud Schemes, Including $7 Million COVID-19 Pandemic Loan Fraud And Securities Fraud

 

 Audrey Strauss, United States Attorney for the Southern District of New York, announced today that SHENG-WEN CHENG, a/k/a “Justin Cheng,” a/k/a “Justin Jung,” pled guilty to major fraud against the United States, bank fraud, securities fraud, and wire fraud in connection with multiple fraud schemes he perpetrated.  Specifically, CHENG engaged in a scheme to fraudulently obtain over $7 million in Government-guaranteed loans designed to provide relief to small businesses during the novel coronavirus/COVID-19 pandemic.  CHENG also solicited and obtained investments in Alchemy Coin Technology Limited and related companies controlled by CHENG through materially false and misleading statements and omissions.  Finally, CHENG fraudulently obtained due diligence fees from various start-up companies as part of an advance fee scheme.  CHENG pled guilty today before U.S. District Judge Alison J. Nathan and is scheduled to be sentenced on August 3, 2021, at 3:00 p.m.

U.S. Attorney Audrey Strauss said:  “As he admitted, Sheng-Wen Cheng fraudulently applied for over $7 million in government-guaranteed loans under programs designed to provide relief for small businesses financially struggling in the COVID pandemic.  Cheng lied to the SBA and several banks about ownership of his companies, the number of people employed, and how any loan proceeds would be applied, using forged and fraudulent documents in the process.  Cheng spent much of the money on personal luxury items.  In addition, Cheng committed securities fraud by lying to investors in his blockchain-based peer-to-peer lending platform, and wire fraud by engaging in an advance fee scheme.  Now Cheng awaits sentencing for his multitude of crimes.”

According to the Complaint, Information, and other documents filed in Manhattan federal court:

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act is a federal law enacted on March 29, 2020, designed to provide emergency financial assistance to the millions of Americans who are suffering the economic effects caused by the COVID-19 pandemic.  One source of relief provided by the CARES Act was the authorization of hundreds of billions of dollars in forgivable loans to small businesses for job retention and certain other expenses through the SBA’s Paycheck Protection Program (“PPP”).  Pursuant to the CARES Act, the amount of PPP funds a business is eligible to receive is determined by the number of employees employed by the business and their average payroll costs.  The CARES Act also expanded the separate Economic Injury Disaster Loan (“EIDL”) Program, which provided small businesses with low-interest loans that can provide vital economic support to help overcome the temporary loss of revenue they are experiencing due to COVID-19.

CHENG, a Taiwanese national who entered the United States on a student visa, is a self-proclaimed “serial entrepreneur” who earned a Bachelor’s Degree from Pennsylvania State University (“Penn State”).  From at least in or about April 2020 through at least on or about August 13, 2020, CHENG used the identity of other individuals to submit online applications to the SBA and at least five financial institutions for a total of over $7 million in government-guaranteed loans through the SBA’s PPP and EIDL Program for several companies controlled by CHENG, namely Alchemy Finance, Inc., Alchemy Guarantor LLC d/b/a “Celer Offer,” Celeri Network, Inc., Celeri Treasury LLC, and Wynston York LLC (collectively, the “Cheng Companies”).  In connection with these loan applications, CHENG represented, among other things, that other individuals were the sole owners of the Cheng Companies and that the Cheng Companies together had over 200 employees and paid a total of approximately $1.5 million in wages to those employees on a monthly basis.  In fact, however, the Cheng Companies appear to have had a total of no more than 14 employees. 

In order to support the false representations in the loan applications about the number of employees at and the wages paid by the Cheng Companies, CHENG submitted fraudulent and doctored tax records that were never actually filed with the IRS and payroll records containing the forged electronic signature of a payroll company employee.  CHENG also submitted a payroll summary for one of his companies that listed the names of more than 90 purported employees, several of whom are current or former athletes, artists, actors, or public figures.  For example, the list of purported employee names included a co-anchor on “Good Morning America,” a former National Football League player, and a prominent former Penn State football coach who is now deceased.

Based on the fraudulent PPP loan applications submitted by CHENG, a total of more than $3.7 million in PPP loans were approved for the Cheng Companies and approximately $2.8 million in PPP loan proceeds were deposited into bank accounts solely controlled by CHENG.  Instead of using the PPP loan proceeds for payroll costs, mortgage interest, rent, and/or utilities for the purported Cheng Companies as required by the PPP, CHENG transferred over $1 million abroad, withdrew approximately $360,000 in cash and/or cashier’s checks, and spent at least approximately $279,000 in PPP loan proceeds on personal expenses.  These personal expenses included the purchase of an 18-carat gold Rolex watch for approximately $40,000, rent and move-in fees for a $17,000 per month luxury condominium used by CHENG, approximately $50,000 of furnishings for the condominium, a portion of the purchase of a 2020 S560X4 Mercedes, and purchases totaling approximately $37,000 at Louis Vuitton, Chanel, Burberry, Gucci, Christian Louboutin, and Yves Saint Laurent.

In addition to the COVID-19 pandemic loan fraud described above, from at least in or about 2017 through at least in or about 2019, CHENG committed securities fraud by soliciting and obtaining investments in Alchemy Coin Technology Limited and related companies (“Alchemy Coin”) controlled by CHENG.  These investments were obtained through materially false and misleading statements and omissions regarding Alchemy Coin’s access to capital, use of investor proceeds, the product readiness of its purported blockchain-based peer-to-peer lending platform, and the registration of its tokens as part of an initial coin offering. 

Finally, from at least in or about 2018 through at least in or about 2019, CHENG committed wire fraud by fraudulently obtaining due diligence fees from various start-up companies as part of an advance fee scheme through materially false and misleading statements regarding the purpose and refundability of the fees and his interest and ability to make investments in the start-up companies.

CHENG, 24 of New York, New York, pled guilty to one count of bank fraud, which carries a maximum sentence of 30 years in prison; one count of securities fraud and one count of wire fraud, which each carry a maximum sentence of 20 years in prison; and one count of major fraud against the United States, which carries a maximum sentence of 10 years in prison.  The maximum potential sentences are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.

Ms. Strauss praised the investigative work of the Federal Bureau of Investigation, the Office of the Inspector General of the U.S. Small Business Administration, and the Internal Revenue Service Criminal Investigation.  Ms. Strauss also thanked the United States Securities and Exchange Commission, U.S. Customs and Border Protection, and the New York State Department of Labor for their assistance.

MORE TRAINING, MORE REFORMS: NEW YORK CITY OUTLINES CHANGES TO PROTEST RESPONSE

 

 Mayor Bill de Blasio today updated New Yorkers on the City’s new guidance for protests. The changes, made in the wake of last summer’s protests following the killing of George Floyd, build on the recommendations made by Department of Investigation to protect the first amendment rights of protestors and legal observers.

 

“There were clear lessons to be learned from the protest response last year and a desire to see real, on the ground changes,” said Mayor Bill de Blasio. “We’ve taken these recommendations seriously and our message to New Yorkers is clear: your City is here to uplift your voice and protect your right to protest peacefully while maintaining a safe community.”

 

‘’The NYPD remains committed to facilitating lawful, non-violent protests. Protest, freedom of speech and assembly are guaranteed by the Constitution that we are all sworn to uphold. We feel that the constructive recommendations of the City’s Department of Investigation and the Law Department have been helpful in developing an improved approach to organized protest. We have made significant strides in implementing the most practical aspects of those recommendations so that they are already in effect in the field. We continue to develop and implement others.” said Police Commissioner Dermot Shea.

 

The NYPD has made a number of reforms and improvements in their approach to handling protests, drawing from recommendations made by the Department of Investigation, Law Department, and their own internal review.

 

These changes include, but are not limited to:

 

  • Designating representatives from NYPD Community Affairs as key liaisons on the ground at protests

 

  • Improved access for legal observers

 

  • Better collaboration and coordination with protest organizers, clergy, and community members before and during protests

 

  • Staging specialized units away from demonstrations to reduce the potential for escalation

 

  • Configuring police barricades as to not unreasonably restrict movement

 

  • Ensuring that feedback from community staff on the ground at protests is incorporated into official guidance and training for officers

 

Since last summer, the NYPD has also completed new field trainings for approximately 10,000 of its officers.  This training is ongoing and outlines how officers should protect the first amendment rights of protestors, including appropriate crowd-control tactics and de-escalation involving large-scale incidents. Kettling is not an acceptable tactic and will not be used by the Department. Additionally, a new training program—Constitutional Policing at Community Events—will also launch this month in response to the specific protest recommendations set forth by the Department of Investigation, the City Law Department, and the NYPD’s own internal review.

 

New Yorkers can also track the progress of the NYPD’s implementation of the Department of Investigation’s recommendations through the City’s online tracker.  

 

NYS Office of the Comptroller DiNAPOLI: NYS PENSION FUND ANNOUNCES $400 MILLION IN SUSTAINABLE INVESTMENTS

 

Latest Investments from the Fund's $20 Billion Sustainable Commitment Will Capitalize on Climate Solutions

 The New York State Common Retirement Fund (Fund) has committed approximately $400 million to two funds as part of its Sustainable Investments and Climate Solutions (SICS) Program, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today.

This action is tied to DiNapoli’s comprehensive Climate Action Plan to lower investment risks from climate change and transition the portfolio to net zero greenhouse gas emissions.

“While climate change poses investment risks, it also creates opportunities for the state pension fund to invest in the companies and funds that are best positioned for the low-carbon future,” DiNapoli said. “The commitments we announced today aim to take advantage of the growth in climate investing and to strengthen our portfolio for the long-term.”

The Fund committed approximately $300 million to Copenhagen Infrastructure Partners IV, a European investment fund that will focus on investments in renewable assets including onshore and offshore wind and solar, as well as climate infrastructure assets that support renewable power.

Additionally, the Fund committed $100 million to Excelsior Renewable Energy Investment Fund I, a North American-focused investment fund that will target investments in renewable power assets such as solar and wind.

Background on Climate Investment Actions

Since taking office in 2007, DiNapoli has been recognized as a global leader for his efforts to protect the Fund’s assets, address material risks from climate change, and pursue sustainable investment opportunities. In 2019, DiNapoli released a Climate Action Plan, a multifaceted strategy that includes a goal of committing $20 billion to sustainable investments, dedicated staff to pursue climate solution investments, and minimum standards for portfolio companies that will inform engagements, investments, and potential divestment decisions.

Building on the Climate Action Plan’s solid foundation, in December 2020, DiNapoli announced that the Fund has adopted a goal to transition its portfolio to net zero greenhouse gas emissions by 2040. 

Through the SICS Program, the Fund has made commitments across asset classes including private equity, actively managed public equity, fixed income (green loans and bonds), real assets (sustainable infrastructure), and real estate.

New York State Common Retirement Fund

The New York State Common Retirement Fund is the third-largest public pension fund in the United States with assets of approximately $247.7 billion as of Dec. 31, 2020. The Fund holds and invests the assets of the New York State and Local Retirement System on behalf of more than one million state and local government employees and retirees and their beneficiaries. It has consistently been ranked as one of the best managed and best funded plans in the nation.

Governor Cuomo Announces Statewide 7-Day Average COVID-19 Positivity Rate Drops to Lowest Level Since November 12 April 20, 2021

 

Statewide 7-Day Average Positivity Rate Drops to 2.80%

3,873 Patient Hospitalizations Statewide

ICU Patients Drop to 823—Lowest Since December 3

Intubations Drop to 504—Lowest Since December 7

Statewide Positivity Rate is 3.37%

45 COVID-19 Deaths in New York State Yesterday

 Governor Andrew M. Cuomo today announced that the statewide 7-day average COVID-19 positivity rate dropped to 2.80 percent, the lowest since November 12. ICU patients dropped to 823, the lowest since December 3, and intubations dropped to 504, the lowest since December 7.

"New York State is making progress in the fight against COVID-19, but we have to remember not to get cocky —this pandemic isn't over yet and it's important to continue practicing safe behaviors so we don't lose the hard-earned gains we've made," Governor Cuomo said. "Wash your hands, wear a mask and stay socially distanced not just for your own safety, but to protect your fellow New Yorkers. We're working 24/7 to vaccinate residents and their families across the state, including opening new vaccination sites and expanding eligibility. We can get to the light at the end of the tunnel together, but it's going to take more effort on New Yorkers' part to defeat the COVID beast for good."

Today's data is summarized briefly below:

  • Test Results Reported - 116,483
  • Total Positive - 3,922
  • Percent Positive - 3.37%
  • 7-Day Average Percent Positive - 2.80%
  • Patient Hospitalization - 3,873 (+90)
  • Net Change in Patient Hospitalization Past Week - -302
  • Patients Newly Admitted - 410
  • Hospital Counties - 54
  • Number ICU - 823 (-13)
  • Number ICU with Intubation - 504 (-17)
  • Total Discharges - 171,372 (+264)
  • Deaths - 45
  • Total Deaths - 41,575