Any thoughts on Hayward’s Residential Energy Conservation Ordinance? Here’s our preview story on the special Sustainability Committee meeting tonight, and here’s the city’s report on the matter. At previous public meetings, members of the real estate community turned out to speak against it on the grounds that it can only damage a market that’s already hurting, particularly if the requirements are triggered upon sale of a property.
Staff is recommending three such triggers: Older homes have a deadline in 2023 or 2025 for upgrades, improvements costing more than $50,000 would require compliance for the property, and buyers would have two years after purchase to comply. Costs of various retrofits ranges from around $1,000 to $4,000, according to the report.