Bisnow | Sustainability Codes Adding More Hurdles For Boston-Area Developers, But New Federal Funding Could Help

    Bisnow | Boston | Development | Inflation Reduction | Sustainability

    — Boston Multifamily Real Estate Investment and Development. The premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Mar 29, 2024

    Projects have become harder to pencil due to high interest rates and construction costs, and several building experts speaking Wednesday at Bisnow’s Boston Construction and Development event at the Seaport Hotel said a series of new city and state sustainability codes is keeping some developments at a standstill.

    However, they said the Inflation Reduction Act of 2022, which aims to invest in domestic energy production and promote clean energy, could help to pull some of the pressure off of developers and help them meet the ambitious climate goals.

    Source: Sustainability Codes Adding More Hurdles For Boston-Area Developers, But New Federal Funding Could Help

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