Permits developer to qualify for low-interest loan from NJEDA when building a high performance green building.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill aims to encourage the construction of environmentally friendly, high-performance buildings in New Jersey by providing developers with access to low-interest loans through the New Jersey Economic Development Authority (NJEDA). It establishes a process for developers to qualify for these loans when constructing buildings that meet specific green building standards. The goal is to promote sustainable development and reduce the environmental impact of new construction projects within the state. This legislation seeks to incentivize investment in energy-efficient and environmentally responsible building practices.
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1 on record
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