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Accessing Federal and Utility Incentives for Green Projects

By Ravi Malhotra / NH&RA Issue: April 2023 The Bipartisan Infrastructure Law (BIL) provided the U.S. Department of Energy (DOE) $3.2 billion for the Weatherization Assistance Program (WAP). This is on top of the ongoing ~$1.6 billion allocation (the standard WAP allocation independent of the BIL money for WAP) over the next five years. The BIL funds allow for some …

Multifamily housing building

Green Retrofits Signal the Future in Cities’ Push Towards Decarbonization

Green Retrofits Signal the Future in Cities’ Push Towards Decarbonization By Abram Mamet / NH&RA April 2023 Green Retrofitting in Practice  Well-considered and meaningfully executed retrofits have become increasingly important as communities across the country seek out effective climate resilience strategies. States like Massachusetts, New York, Illinois and Pennsylvania are at the forefront of that movement, having each enacted legislation or …

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Funding for Green Upgrades and Preservation

By Ravi Malhotra, Founder and President NH&RA, March 2023 Engaging Multifamily Owners The Inflation Reduction Act (IRA) provided the Environmental Protection Agency (EPA) with approximately $35 billion that is relevant to multifamily affordable housing. These funds are for emissions reduction projects, and multifamily housing can access them to facilitate green upgrades for affordable housing preservation. Through two separate programs, $8 …

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How Colorado’s Multifamily Affordable Housing can Benefit from the Inflation Reduction Act and Bipartisan Infrastructure Law

Colorado Real Estate Journal – Multifamily Properties Quarterly, February 2023 The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) dramatically expand opportunities for multifamily affordable housing (MFAH) to leverage cash rebates, tax credits, and other incentives for preservation and construction. This is a once-in-a-lifetime opportunity to utilize green solutions to cut costs (capital, operating, and maintenance), improve NOI, and …

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Pursuing Green Projects: How Multifamily Affordable Housing Can Benefit from the IRA and BIL

Pursuing Green Projects: How Multifamily Affordable Housing Can Benefit from the IRA and BIL  by Ravi Malhotra National Housing & Rehabilitation Association, February 2023 The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) dramatically expand opportunities for multifamily affordable housing to pursue green projects via cash rebates, tax credits and other incentives. The IRA is by far the largest investment in …

Entrance of 47Seventy Settler's Point Apartments

Heat Pump Project at 47 Seventy Recognized by Utah Housing Coalition

Heat Pump Project at 47 Seventy Recognized by Utah Housing Coalition Utah Housing Coalition (UHC) gives awards to individuals, agencies, and projects that increase housing affordability. Rocky Mountain Power (RMP) nominated 47 Seventy Settler’s Point for a green renovation incorporating dual fuel heat pump upgrades this year. The results are in, and 47 Seventy took home a Project of the …

multifamily family housing complex

TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities

TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities Triple Bottom Line Foundation (TBL Fund) was recently awarded $125,000 from the Community Development Financial Institutions (CDFI) Fund, which it will leverage to increase its capacity to finance green projects for multifamily affordable housing and disadvantaged communities. TBL Fund provides development services and customized financial products to help preserve …

Multifamily housing building made of shipping containers

Rocky Mountain Power Presents Award to Planet-Friendly Multifamily Affordable Housing Development

Rocky Mountain Power Presents Award to Planet-Friendly Multifamily Affordable Housing Development Each year at the Utah Housing Coalition (UHC) Utah Housing Matters Conference, the Rocky Mountain Power (RMP) Wattsmart Multifamily Program presents an energy efficiency award to a multifamily development. The recipient for 2022 was Box 500, built by Eco Box Fabricators. Box 500 is Utah’s first multi-story apartment complex …

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Decarbonization and Electrification

Decarbonization and Electrification By Pamela Martineau / Issue: June 2022 NATIONAL HOUSING & REHABILITATION ASSOCIATION Efforts in Affordable Housing Still in Early Stages Affordable housing communities across the nation have much to gain from decarbonization and electrification, yet unfamiliarity with new technologies, the high cost of retrofitting buildings, and complicated access to funding sources and incentives have slowed the conversion. These issues are among …