Good news for Boston real estate; the Boston Redevelopment Authority, a planning and economic development agency, has recently voted to enhance a program that provides resources to owners of triple-decker structures. The program, appropriately titled the “Green Triple Decker Program”, also received a vote in favor of expansion from two to five structures, as well as a vote for the appointment of a project manager to supervise an eco-industrial zone project in the Newmarket district. The goal of the program is to achieve energy efficiency by learning how to effectively enhance the energy performance of local buildings.
Not only is this news reassuring to those who are involved with green economic development initiatives, but also to Boston residents who are concerned with reducing green house gas emissions and cutting down on various energy costs on their Boston rental property. It is also expected to provide many local job opportunities, and enhance the value of buildings for Boston landlords.
The program is also expected help identify how to effectively preserve historical buildings in an energy efficient manner. It will hopefully reveal what kind of green technologies will best work for the older and more delicate structures.
The program also strives to mend the ongoing issue known as the “tenant landlord split”. Over 60% of Boston residents live in a Boston rental and yet there is still a disconnect that tenants feel when it comes to energy conservation due to the fact that their stay in the property is temporary, and that landlords lack energy efficient resources.
Contact a Boston realtor for any questions as to how this initiative affects you.
