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Case Study: IRA, BIL Bringing Big Pots of Money to Green Affordable Housing

By Mark Fogarty  NH&RA November 2023 If Timed Right, Financial “Braiding” Techniques May Cover Whole Cost of Retrofits There’s a brave new world of opportunities for “green” multifamily affordable housing renovation and development coming with the ever-quickening ascendancy of green buildings. This is according to one of the early adopters of clean energy solutions in multifamily, Ravi Malhotra—founder and president of ICAST. …

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affordable housingbonus tax creditsclean energyclean energy solutionsCO2 Emissionscold climate air source heat pumps (ccASHPs)Department of EnergyDepartment of Housingdisadvantaged communitiesEnergy-efficiencyEnvironmental Protection AgencyEPAGreen and Resilient Retrofit Programgreen buildingsgreen renovationsgreen retrofitsheat pump water heatersHUDInflation Reduction ActInvesting In AmericaITCLIHTCLow Income Housing Tax Creditslow income multifamily propertieslow-income communitiesmultifamily housingmultifamily property ownersNational Housing & Rehabilitation Associationreduce greenhouse gasesrenewable energysolarsolar installsolar powerSolar Tax CreditsTreasury DepartmentUS Department of Housing and Urban Developmentutility rebates

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