Up until now most green building standards for commercialdevelopment have focused on office buildings. The US Green BuildingCouncil, for example, has issued several versions and updates toits LEED system for office buildings, but only created the positionof VP of Residential Market Development a year ago.

In general, up until now most of the standards development workfor multifamilies have focused on low and mid-rise buildings. TheNGBS can be applied to low, mid and high-rise apartmentconstruction, the Eileen Lee, NMHC/NAA's vice president ofEnvironment and Energy Policy, says in a prepared statement.

The NGBS' rollout has laid bare the tug-of-war that often takesplace behind the scenes in any standards setting process. In herstatement, Lee went on to note that, with a growing number ofstates and localities considering mandatory green buildingrequirements, "the NGBS offers them a more appropriate alternativefor residential properties than other non-standardized green ratingsystems like the US Green Building Council's LEED criteria."

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.