Below you'll find a list of all posts that have been tagged as “clean energy”
Influencing vs. Merely Accessing Available Funding Programs By Ravi Malhotra Originally published in NH&RA’s Tax Credit Advisor, May 2024 Government agencies are still racing to get their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds out the door, and they remain open to input from various stakeholders to help guide this process. In advocating for increased investment …
By Santul Nerkar and Madeleine Ngo Originally published in The New York Times, Nov. 9, 2023 More Americans are buying heat pumps, an environmentally friendly alternative to furnaces and air-conditioners that can significantly lower monthly energy bills. But the pace of installations has slowed in the past year, posing an obstacle to the Biden administration’s climate plans. Rising interest rates and inflation combined …
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. New pots of money …
by Ravi Malhotra NH&RA Tax Credit Advisor, June 2023 As demand for electric vehicles (EVs) intensifies, multifamily (MF) owners and operators are increasingly forced to explore their EV charging options. EV sales have soared, increasing by 67% from 2021 to 2022, and the U.S. Dept. of Energy (DOE) has adopted an International Code Council provision requiring apartment communities to provide EV charging …
The U.S. Dept. of Housing and Urban Development (HUD) recently announced the availability of landmark funding through the new Green and Resilient Retrofit Program (GRRP) to support retrofits for HUD-assisted multifamily affordable housing (MFAH) properties. The Inflation Reduction Act (IRA) provided HUD with approximately $837M in grant funding and $4B in loan authority for the GRRP. This program simultaneously invests in utility efficiency, renewable …
It is understandably challenging for cost-constrained multifamily affordable housing (MFAH) property owners and managers to spend their carefully budgeted dollars on unfamiliar green tech (e.g., heat pump-based HVAC) vs. familiar technologies with lower upfront costs. While “going green” can be expensive, traditional or “business as usual” retrofits have limited benefits. They may solve an immediate problem (e.g., addressing/replacing failed HVAC …
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 …
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 …
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 …
