It’s no secret that the utilities vital to our livelihoods — housing, highways, industry and infrastructure development — occasionally impact wetlands, streams and vulnerable wildlife habitat. Through state and federal law, these unavoidable impacts are required to be satisfactorily mitigated either by restoring conditions on-site, or alternatively, purchasing mitigation credits generated from the successful restoration of comparable property in close proximity.
Mitigation banking is a federally regulated system of credits and debits used to offset unavoidable impacts caused to the environment. An Inter-Agency Review team (IRT) comprised of various federal and state agencies determines the number of mitigation credits available for a restored bank site, as well as the required maintenance and monitoring requirements. Generally a mitigation bank is required to be encumbered by conservation easement and will have long-term stewardship requirements to insure its success. NALT is uniquely qualified to assist with these functions thanks to our breadth of experience and geographic reach.
NALT is currently a member of National Environmental Banking Association and has partnered on over 45 mitigation projects in multiple districts. If you’re looking for a conservation easement holder or long-term steward, get started today by filling out the form below.