CAI-NJ June 2019 (w)

MANAGEMENT TRENDS... from page 42.

consider adopting reasonable speci- fications for such installs. Of course, an important component to consider is where will the electric come from and how will it be managed? In addition to a shared meter solution mentioned above, there is also a “hub and spoke” solution where an additional “spoke” can be added to an existing association meter with the charge

“Several states have begun to mandate charging spots for new construction multi-family dwellings.”

being passed along to the specific resident using it. Whether your association is looking to be at the forefront of providing electric vehicle accommodations, has already received interest from resi- dents or not, the importance of this topic is growing. Several states have begun to mandate charging spots for new construction multi-family dwell- ings. There is also a pending New Jersey bill handling electric vehicle charging stations that if passed would affect our community asso- ciations. Make sure to check out Matthew Earle’s legislative update article specific to this very topic on page 38. n

Tavarious Butts, VP, Relationship Manager 703-284-0561 • Tavarious.Butts@BBandT.com

Branch Banking and Trust Company is a Member FDIC and an Equal Housing Lender. © 2018, Branch Banking and Trust Company. All rights reserved.

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