The head of the U.S. Environmental Protection Agency on Wednesday visited a Dorchester housing complex slated to make the switch to cleaner energy to highlight it as one anecdote in the “national story” of how the United States is preparing to deal with effects of a changing climate.
A new, $50 million statewide climate bank will offset costs to upgrade affordable housing properties by replacing fossil fuel-burning building systems.
The race is on to decarbonize real estate developments across Greater Boston. But it doesn’t mean developers need to be fearful of crushing costs, experts say.
Real estate analysts have started to warn building owners that their property values will fall if they don’t wean themselves off fossil fuels. Now, Gov. Maura Healey is proposing a ‘green bank’ to do just that.
