Building  Owners  and  Managers  Association  International

Building Owners and Managers Association International

New Report Identifies Immediate Opportunities for Obama Administration to Green U.S. Buildings

April 29, 2010

​FOR IMMEDIATE RELEASE

(WASHINGTON—April 29, 2010) The Obama Administration is authorized to play a more active and supportive role in progressing the energy efficiency and sustainability of America’s multifamily and commercial building stock, according to a report released today by the Building Owners and Managers Association (BOMA) International, the U.S. Green Building Council (USGBC) and other leading organizations in energy, housing, environment and real estate. 

The legal analysis, “Using Executive Authority to Achieve Greener Buildings:  A Guide for Policymakers to Enhance Sustainability and Efficiency in Multifamily Housing and Commercial Buildings,” concludes that under current executive authority, the Obama Administration has the ability to use more than 30 existing federal programs worth $72 billion to enhance efficiency in commercial buildings and multifamily housing, with no new legislation.

“This is a groundbreaking report that has the potential to yield significant environmental and financial returns,” noted BOMA International Chair James A. Peck, RPA, FMA, senior director of asset services, CB Richard Ellis. “By acting on the opportunities outlined in the report, the Obama Administration would serve as a leader and model for even wider private sector adoption of green buildings.”

The report presents an extensive menu of options, across an array of programs, which the Obama Administration could begin implementing immediately without having to seek new funds or authority from Congress. Some of the most promising options with the largest reach include:

  • Reforming appraisal and underwriting practices at Fannie Mae and Freddie Mac;
  • “Greening” federal banking regulation;
  • Promoting flexible FHA insurance products, especially Section 241;
  • Integrating energy efficiency and sustainability criteria into competitive grants and funding formulas;
  • Strengthening minimum property standards for federal housing and economic development programs to reflect energy efficiency and sustainability standards;
  • Improving performance standards applicable to federal buildings and leases;
  • Refining guidance applicable to the energy efficient commercial buildings tax deduction and the national historic preservation tax credit ;
  • Using SBA funding mechanisms to support small business energy efficiency investments; and
  • Streamlining Title 17 loan guarantees to make them suitable for buildings.

The report was prepared by Van Ness Feldman. Other sponsors of the report include The Real Estate Roundtable, UDR, Johnson Controls, Inc., The Energy Foundation, The American Institute of Architects (AIA), Sheet Metal and Air Conditioning Contractors' National Association (SMACNA), Natural Resources Defense Council (NRDC), International Facility Management Association (IFMA), Energy Future Coalition and C3.

To download the full report, visit www.usgbc.org/government.

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About BOMA International
The Building Owners and Managers Association (BOMA) International is an international federation of more than 100 local associations and affiliated organizations. Founded in 1907, its 17,000-plus members own or manage more than 9 billion square feet of commercial properties. BOMA International’s mission is to enhance the human, intellectual and physical assets of the commercial real estate industry through advocacy, education, research, standards and information. On the Web at www.boma.org.

Contact
Lindsay Tiffany
Manager of Media Relations
BOMA International
ltiffany@boma.org
(202) 326-6365