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Is This the Right Time for the Climate Action Plan?

The President announced his Climate Action Plan recently. Take a look at:

Interestingly, an important piece of this initiative is apartment buildings, as they reportedly account for 36 percent of total energy use and 30 percent of the greenhouse gas emissions in the United States.  Of course, by that logic we should first target single family homes and ex-urban sprawl that assuredly constitute large or larger potential savings.  Multifamily housing, though, is easier to reach due to the public/private participation in many complexes, and the general responsiveness of the business community that owns multifamily housing.  Still, this represents huge costs and investments at the very time that the same Administration seeks to cut multifamily housing funding and Congress is discussing revising the federal income tax code to disincentive such investments in our infrastructure.  It would seem that either the Administration must scale back such ambitious plans or make sure that the multifamily industry has the resources necessary to finance this new round of construction and investment.


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