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Legislation & Public Policy Issues in Preservation     


Legislation & Public Policy Issues in Preservation
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Federal Buildings May Be Required to Undergo Life-Cycle Analysis
Historic Preservation Blog from PreservationDirectory.com - Federal Building Designs Standard Act of 2009, policy, historic preservation, National Trust for Historic Preservation, Renewable Energy Tax Credit
Contributed By: The National Trust for Historic Preservation's Department of Public Policy
Email The Author: pr@nthp.org
Website: http://www.nthp.org

Rep. Joe Sestak (D-PA) introduced HR 4989, the “Federal Building Designs Standard Act of 2009,” on March 25th that would require that all federal agencies to consider the life-cycle costs during the design of federal buildings, including investment, capital, installation, energy, operating, maintenance and replacement costs. A building would be subject to the life-cycle cost requirements if (1) construction of the building begins after the date of enactment of this Act; (2) the estimated construction costs of the building exceed $1,000,000; and (3) federal funding comprises more than of 50 percent of the funding for the estimated construction costs of the building. The National Trust is reviewing the Sestak bill for any potential opportunities to expand the life-cycle analysis (LCA) agenda not only for new construction, but also for rehabilitation of existing buildings – both public and private.

In a related development, the Trust submitted testimony for the record to the House Ways and Means Committee on April 14th espousing the benefitsof historic preservation to the green economy as well as a key energy efficiency retrofit amendment included as part of the Community Restoration and Revitalization Act (HR 3715/S. 1743).

In its testimony, the Trust emphasized its energy-efficiency amendment in Section 8 of the Community Restoration and Revitalization Act (HR 3715/S. 1743) which would provide a boost in the existing federal rehabilitation historic credit of an additional $2.00 to $5.00 per square foot depending on a range of energy savings, starting at 30% and graduating up to 50%. The added incentive could not exceed half of a building's total rehabilitation expenditures. If a building owner should fail to meet the 30% energy savings goal, but attains a base reduction of at least 25%, the taxpayer can receive a partial credit. Section 10 of the bill would allow for twinning of the Renewable Energy Tax Credit with the historic tax credit to achieve the highest possible energy reductions. It would employ a methodology for their coordination that is similar to the way in which the historic tax credit is allow to be used with the Low-Income Housing Tax Credit. HR 3715 currently has 70 co-sponsors in the House and S. 1743 has six co-sponsors in the Senate.

For more information on the Community Restoration and Revitalization Act, , please visit http://www.preservationnation.org/take-action/advocacy-center/on-thehill/crra.html.

 


Keywords: Federal Building Designs Standard Act of 2009, policy, historic preservation, National Trust for Historic Preservation, Renewable Energy Tax Credit

Posted: April 21, 2010
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Unless noted, the thoughts and opinions expressed in the article are solely that of the
author and not necessarily the opinion of the editors of PreservationDirectory.com.
   



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