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 Initiative"
Green Building Statistics: Demand is High, Design Experience is Low
We’ll be signing off today for the holiday weekend, but before we do that, I want to point out a couple of interesting green building statistics: one group collected by NAHB and the other which was mentioned during yesterday’s Green Building Initiative webinar discussing insurance and surety issues for green construction projects. During the webinar, one of the panelists noted that only 20 percent of his company’s (XL Specialty Insurance) insured design professionals consider themselves “very experienced” in green design- obviously a percentage to which XL is paying close attention in the context of green risk management. On a different track, the National Association of Home Builders recently released figures from a survey of multi-family builders and developers. While 74 percent of respondents said that their buyers and renters are willing to pay more for green amenities, the median additional amount that they’re willing to pay is just 2 percent.
August 28th, 2008 | Stephen Del Percio | 1 comment | Continued
Green Building Initiative Joins Chase for High-Performance Building Standard
Almost a year ago, USGBC announced that it was developing a new building standard in cooperation with ASHRAE and IESNA. Standard 189P for the Design of High-Performance Green Buildings Except Low-Rise Residential Buildings remained open for public comment through the end of last July. Though modeled on it, 189P is not the same thing as LEED. It’s intended to contain a series of performance-related criteria- including targets for energy and water efficiency- that buildings must satisfy in order for municipalities to issue a certificate of occupancy for new buildings or major renovation projects. The Green Building Initiative has announced that, it too, is in the process of developing a similar standard based on its Green Globes tool.
May 7th, 2008 | Stephen Del Percio | 1 comment | Continued
Morristown Celebrates Earth Day by Honoring First Green Globes-Rated Building in New Jersey
On Tuesday, the Green Building Initiative honored Earth Day by awarding its first Green Globes rating to a project in the Garden State. The Point at Morristown is a six-story, 24,000-square-foot mixed-use office and retail tower developed by Needle Point Homes, a Central New Jersey-based builder of custom home projects. According to Steve Needle, the firm chose Green Globes “because of its ability to assist us in meeting our goals to reduce our impact on the environment and the surrounding community, while being user-friendly and affordable.”
April 23rd, 2008 | Stephen Del Percio | 0 comments | Continued
Chandler Airport Commerce Center: First Green Globes-Certified Building in Arizona
The Chandler Airport Commerce Center is an office and warehouse building that just became the first in the Copper State to earn any level of Green Globes certification from the Portland, Oregon-based non-profit Green Building Initiative. Located just outside of Tempe, the Center features a modest 27,000 square feet of warehouse space and 3,000 square feet of office suite space. According to Michael O’Connor, senior VP of Wisconsin-based developer Irgens, “[t]he building is relatively small, and going for LEED certification didn’t make sense financially.” Irgens has a number of LEED-certified projects throughout the Midwest, but the Chandler Center was its first to seek a rating under Green Globes.
February 27th, 2008 | Stephen Del Percio | 0 comments | Continued
Green Globes Legislation Grows in Garden State: Will Proposed Tax Credit Act Follow?
The New Jersey Green Building Tax Credit Act of 2008 may soon give developers in the Garden State up to $20 million in annual tax credits that they’ll be able to apply to their state corporate, income, sewer, and water taxes. Under S1077, the bill containing the proposed legislation, the amount of credits that would be awarded for a particular project increases as the developer builds to higher levels of LEED certification, up to an additional six percent for LEED Platinum. Over the course of the seven-year program, the total amount of available credits could increase to $50 million. The bill is being sponsored by Essex County Assemblyman John McKeon (D), who hopes that it will be signed into law by July 1.
February 15th, 2008 | Stephen Del Percio | 0 comments | Continued