Earlier this week, Hudson County Assemblyman Ruben Ramos of Hoboken sponsored two green building bills as New Jersey’s fall legislative session opened up in Trenton. The first, A1626, would require affordable housing to implement green design features, though the bill as proposed does not mandate any particular formal certification or include specifics on how the legislation would be enforced. The second, A2065, would provide low-interest loans available to developers who construct or renovate a building that qualifies as a “high-performance green building,” which is defined in the bill as “a building having at least 15,000 square feet in total floor area that is designed and constructed in a manner that achieves at least a [S]ilver rating according to the Leadership in Energy and Environmental Design Green Building Rating System as adopted by the United States Green Building Council.” Ramos was also a co-sponsor of last year’s Green Building Tax Credit Act (S1077, which is apparently still pending before the legislature); that bill would provide developers with up to $20 million in annual tax credits which they’d be able to apply to their state corporate, income, sewer, and water taxes.
September 18th, 2008 | Stephen Del Percio | 1 comment | ContinuedAll Posts Tagged With: "green building incentives"
New York Energy Smart Loan Fund Offers Incentives for Energy Efficiency Across Empire State
If you own real estate in New York State, you may qualify for an interest relief payment from the New York Energy Smart Loan Fund if you plan to make an investment of any kind towards improving the energy efficiency of your property. Payment comes in the form of a lump sum to the lender (not to you) when a loan for a particular renovation or installation of an energy efficient service has been blessed by an approved lender. The interest relief is then passed on to you on payments over the full period of the loan. The purpose of the program (administered by NYSERDA) is to offer interest rate reductions on any loan that aims to increase the energy efficiency of a property.
July 10th, 2008 | Stephen Del Percio | 0 comments | Continued
Huntington (LI) LEED Legislation Offers Incentives for Developers to Go Green
Earlier this evening, Huntington, Long Island’s town board approved legislation that offers local developers incentives for pursuing a LEED rating. The program requires developers to provide $1.00 per square foot to the town of Huntington itself. If developers build to any level of formal LEED certification, they get to keep 80 cents on each dollar upon final completion and award of a LEED rating. If the project does not receive LEED certification, all of the funds are forfeited to the town. Monies raised will finance the program itself, as well as assist Huntington in educating local officials about green building issues.
July 1st, 2008 | Stephen Del Percio | 0 comments | Continued
Green Construction Law: As Legislation Proliferates and Insurance Issues Emerge, Is Green Building’s Future Being Compromised?
An insightful letter to the editor that suggests many potential green construction law issues appears in the February 2008 issue of The Construction Specifier magazine. Written by Anne Whitacre of Gehry Partners’ Los Angeles office, A Different Perspective on Green draws attention to the LEED mandates that continue to be enacted in the author’s hometown of Seattle. In the letter, Whitacre raises her concerns about both local green building incentives and public mandates; her comments ring particularly salient in light of the recent Managing Risk in Sustainable Building conference at DePaul’s Real Estate Center in Chicago a couple of weeks ago, as well as freshly proposed Seattle-based legislation that would expand a green building mandate at the county level.
February 19th, 2008 | Stephen Del Percio | 0 comments | Continued
Monday LEEDoff: HB Nitkin Group’s Greenwich Armory
Robert A.M. Stern Architects appears to be on the verge of seeing its design for Greenwich, Connecticut’s first private LEED project break ground, a nine three-story luxury townhouse development at Mason Street and Havemeyer Place. The design contemplates the conversion of the former Greenwich Armory building as part of the development, which would include a [...]
July 23rd, 2007 | Stephen Del Percio | 0 comments | Continued