April 2018 Government Affairs Update
CLIMATE CHANGE LEGISLATION - NAIOP SUPPORTS GOVERNOR'S BILL
On March 15, NAIOP was proud to join Governor Baker, public officials, and members of the environmental advocacy community to support new climate change resiliency and environmental bond legislation. The Governor’s bill (House Bill 4318) directs the state, led by the Secretary of EEA and the Secretary of Public Safety, to draft a comprehensive plan, known as the Integrated State Hazard Mitigation and Climate Adaptation Plan. The legislation authorizes $1.4 billion in capital allocations for investments in safeguarding residents, communities and businesses from the impacts of climate change. NAIOP will be testifying in support of this bill at a legislative hearing on April 3.
On the flip side, S.2196, known as the CAMP legislation, is opposed by NAIOP because it includes a requirement that all approvals, authorizations, permits, certificates and approvals issued by the state comply with a yet to be developed plan to the maximum extent practicable. It creates tremendous uncertainty and could potentially tie up development projects (as well as other state issued approvals) in courts – doing little to encourage climate change resiliency.
Finally, NAIOP will be hosting a climate change resiliency program on April 4 at District Hall featuring representatives from the state (EEA), city (BPDA), and private sector (FM Global, WS Development and Tishman Speyer) who will discuss efforts to plan for climate change. We look forward to a great discussion!
HOUSING BOND BILL ADVANCES - BILL INCLUDES TWO NAIOP-SUPPORTED BROWNFIELDS TAX PROVISIONS
On Thursday, the Senate passed its version of the Housing Bond Bill. The Senate version includes the 5-year extension of the Brownfields Tax Credit (which was also included in the House version) and re-inserts NAIOP-supported language that would increase the tax credit available to projects with an Activity & Use Limitation (AUL) and 20% of the housing set aside for those making 120% or less of Area Median income (AMI). Any differences between the two bills will be addressed in conference committee. NAIOP will continue to advocate for quick passage of the bill.
HOUSING - ANTI-GROWTH ZONING BILL REPORTED OUT OF COMMITTEE
NAIOP has been meeting with legislators to educate them on the merits of the Governor’s housing bill, which provides incentives for communities to encourage growth and reduces the requirement for a supermajority vote in certain situations that would encourage housing production. The Joint Committee on Municipalities recently released a revised – and very problematic - zoning bill, supported by planners and environmentalists and opposed by all real estate groups. In short, it made a bad bill worse by stripping away any language that would encourage growth. It’s clear that some type of housing bill will pass, but NAIOP and other business groups are working to ensure that any of the problematic language from the zoning bills (impact fees, inclusionary zoning, changes to zoning freeze protections, etc.) is not included in a final bill.
Your support is needed and appreciated for the upcoming fundraisers NAIOP will be hosting. If you plan to attend any of the following events, please let us know so your name can be added to the security list:
NAIOP GOVERNMENT AFFAIRS COMMITTEES - GET INVOLVED TODAY!
Interested in NAIOP’s government affairs agenda? If you are a member of NAIOP’s Government Affairs Committee, you will receive updates on legislation, regulations and policies affecting the industry. In addition to the Government Affairs committee, opportunities exist on several subcommittees (though you must be on the GA Committee to participate). Interested in learning more? Contact Suzanne Trainor at (781) 453-6900 ext. 8.