Environment and Energy Efficiency

NAIOP supports reauthorization and funding of the EPA’s Brownfields Program and efforts to improve and modernize the program. Federal legislation advancing building code efficiency goals should be based on economic and technological feasibility. Incentive-based and voluntary approaches, such as EPA’s Energy Star and Portfolio Manager, should continue.

Download NAIOP's position on Environment and Energy Efficiency.

The
Issue

Environment

  • There are an estimated 450,000 brownfields sites in the United States, representing as much as $2 trillion of real estate that is currently undervalued due to contamination. Developers and lenders avoid these properties for fear of liability. Remediation and redevelopment of brownfields sites increases property values, adds to local tax bases, and promotes economic growth while improving our environment.
  • Every federal dollar spent on remediation leverages $16 of private and state development funds, creating new jobs and an expanded tax base for state and local communities.
  • Authorization for the EPA’s Brownfields Program expired in 2006, although Congressional appropriations have kept some funding for the existing program at declining levels. Legislation passed in the House (H.R. 3017) and introduced in the Senate (S. 822) would reauthorize and modernize the program.

Energy Efficiency

  • Local economic conditions, tenant preferences and project development costs determine what energy-efficiency measures can realistically be absorbed in a given market. Arbitrary nationwide energy mandates that ignore local market conditions would create disincentives to new development where the costs cannot be absorbed.
  • NAIOP supports legislation that takes a common-sense approach to incentivizing energy efficiency without new mandates. Federal legislation that encourages states to update energy-efficiency codes must include provisions for realistic payback schedules, and requirements that the provisions be technologically and economically feasible.
  • Portfolio Manager, part of EPA’s Energy Star program, is a voluntary program that enables owners to reduce a building’s total energy usage. States, cities and municipalities across the U.S. require building owners to use Portfolio Manager to comply with local energy-efficiency ordinances. Congress should ensure continued funding of the voluntary Portfolio Manager program.

Status

Information to come.

NAIOP
Viewpoint

NAIOP supports reauthorization and funding of the EPA’s Brownfields Program and efforts to improve and modernize the program. Federal legislation advancing building code efficiency goals should be based on economic and technological feasibility. Incentive-based and voluntary approaches, such as EPA’s Energy Star and Portfolio Manager, should continue.

 

Talking
Points

  • Adequate credit and capital for commercial real estate is a critical component of strong economic growth for our country.
  • Policymakers should work to ensure that financial markets and lending institutions maintain future capacity to meet the needs of commercial real estate investors and entrepreneurs.
  • Regulations intended to ensure the safety and soundness of the financial system should not unfairly discriminate against commercial real estate lending. The commercial real estate sector was not a contributing factor to the financial crisis of 2008.
  • Congress must exercise its oversight role over banking regulators to ensure that credit is reasonably available for real estate development and for the refinancing of maturing commercial real estate debt.

Resources

Contact

Aquiles Suarez
Vice President for Government Affairs
703-904-7100, ext. 115