New Fines for Condo Homeowners Proposed in Boston
The Boston City Council is considering a new ordinance that will act like a new tax on condominiums, require reporting of utility and water bills to your condo association, and impose fines on condo associations which fail to conduct energy audits and report results to city hall regulators. Attend the City Council Session on May 8th at 12PM.
10 Things You need To Know About Boston’s Building Energy Disclosure Ordinance
- Captures apartments/condominiums of 25,000 sq. feet or 25 or more units.
If you fail to turn over gas, electric and water bills you will face fines.
Condo associations can be fined as much as $73,000 ($200/day) per year. Each day of non-compliance is counted as a separate violation.
The City may seek a court order compelling condo owners or associations to comply.
- Costly energy audits will be required in buildings deemed inefficient.
- Poor energy efficiency scores could stigmatize properties at time of sale and result in lower property values.
Condo fees will rise due to additional resources required by associations to meet requirements of ordinance including future retrofitting/upgrades to meet the city's standards.
The results will be made public by city regulators on-line.
- There is no research that this type of mandate improves energy use.
Utility bills already include a surcharge to pay for energy audits and improvement programs.
WHAT’S BEING SAID IN THE NEWS:
Q&A with GBREB CEO Greg Vasil
Neighborhood Network News, March 20, 2013
GBREB CEO answers questions about the proposed Building Energy Disclosure Ordinance. Watch on YouTube P>
Boston Globe Editorial 3-16-13
By Lawrence Harmon, Boston Globe, March 16, 2013
"Mayor Menino wants building owners in Boston to collect data on their energy use and lay it at his feet." Read more P>
Call It What You Want: Building Labeling is a Tax
In Boston, It Will Hit Tenants and Small Commercial Building Owners Hardest
Op Ed by Greg Vasil, Banker & Tradesman, March 4, 2013
"The city of Boston is about to layer yet another level of penalties and fees on owners of condominiums, apartments and commercial buildings, and these assessments are sure to hit those least able to afford them the hardest." Read more
Boston Herald Editorial 2-24-13
Herald Staff, Boston Herald, February 24, 2013
"Boston Mayor Tom Menino is launching a new greenhouse gas “disclosure” program that would require city property owners to ’fess up to just how much icky stuff their buildings are emitting into the atmosphere. The city insists it won’t try to mandate investments in energy efficiency. Uh-huh." Read more
Menino takes on buildings' energy use
Wants reports, ratings online; commercial owners fear a stigma
by Alyssa Edes, Boston Globe, February 22, 2013
"Mayor Thomas M. Menino, seeking to encourage Boston businesses to be more energy conscious, is proposing a new law that would require commcerial building owners to report annual energy and water use to the city, which would in turn make it public." Read more
Cutting emissions to cost Boston building owners $838M
Lots of green to go green
by Marie Szaniazlo, Boston Herald, February 14, 2013
"Mayor Thomas M. Menino and his Green Ribbon Commission of business leaders want to cut the city's greenshouse gas emissions dramatically over th enext seven years, but th eprice tag for commercial and industrial property owners alone will be a staggering $838 million." Read more
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