An interesting article recently appeared on the newly created National Apartment Association’s (NAA) green web site www.naahq.org/green that shows how implementing environmentally conscious practices may well become a necessity for the apartment industry.

Since 2007, local, state and federal levels of government have mandated environmental regulations specifically affecting the multifamily housing industry. The American Climate Security Act of 2007, also known as the Lieberman-Warner Climate Bill, is currently being considered at the federal level and puts an aggressive cap on greenhouse gas emissions. This cap would then be reduced by 2% each year until 2050. Any organization exceeding its allotted limit would be charged accordingly.

While this bill did not pass, this type of ‘cap and trade’ energy policy is favored by the Obama administration. The apartment industry should be aware of the possible implications, such as increased costs from suppliers and service providers, in addition to growing cost of energy.

Also this conference may be of special interest … The 2009 NAA Green Conference & Exposition to be held April 28-29 at the Phoenix Convention Center in Phoenix, Ariz. Visit the NAA’s Green Conference page for more details!

To read the entire article and other green venues for apartment owners, see http://www.naahq.org/about/news/pressreleases/Pages/NAALaunchesGreenWebSite.aspx

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