Below you'll find a list of all posts that have been categorized as “Industry News”
By Ravi MalhotraOriginally published in NH&RA’s Tax Credit Advisor Magazine Federal Funds for Multifamily Solar Projects En Route The Inflation Reduction Act (IRA) is expected to fund approximately $1 trillion in tax credits for clean energy. A significant portion of the funding is for the solar investment tax credits (ITC)—the base ITC was expanded to 30% and multifamily affordable housing may …
The landscape for green technology is changing. Awareness of highly efficient electric heat pumps has been growing, and heat pump systems have now outsold gas furnaces for two years in a row. We’re witnessing new innovations in solar and storage. And government agencies continue to roll out funds—for weatherization, beneficial electrification, energy storage.
As we have previously reported, the Inflation Reduction Act (IRA) of 2022 provided the U.S. Environmental Protection Agency (EPA) with $27B for the new Greenhouse Gas Reduction Fund (GGRF). This Fund will leverage public investment with private capital to finance clean energy projects that reduce electricity bills, create jobs, and reduce air pollution. By statute, at least $15 billion must …
Denver, CO | June 13 2023 – The Triple Bottom Line Foundation (TBL Fund) is a Community Development Financial Institution (CDFI) that provides financial products and services to create economic, environmental, and social benefits for underserved communities. TBL Fund has been awarded a $500,000 grant and a $500,000 investment from Opportunity Finance Network (OFN) for implementation of the Finance Justice …
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 …
Lee Alexander | TBL Fund Finance Manager Mr. Alexander supports TBL Fund by developing and executing corporate strategic initiatives relating to risk and compliance to facilitate growth and to drive process improvements and operational efficiencies. A blog published through the U.S. Dept. of Energy’s Better Buildings Solution Center discussed the value of leveraging financing and renovation events to drive low-income multifamily housing energy retrofits. …
By Ravi Malhotra as seen in May 2023 NH&RA HousingOnline.com With the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), the business case for solar-for-multifamily affordable housing is the best it’s ever been. Multifamily properties can leverage Solar Photovoltaic (PV) (and energy storage) to cut utility bills and/or bridge financing gaps. The IRA increases the baseline Solar Investment Tax …
TBL Fund’s founding was informed by the lack of energy financing and of financiers who understand energy financing (vs. traditional debt financing) and the disproportionate impact of this lack on multifamily affordable housing (MFAH). It understands that accessing financing for energy efficiency, renewable energy, and water conservation projects can be challenging due to the sector’s diversity, complexity, and unique characteristics. …
By Mark Fogarty, April 2023As seen on Housingonline.com: Case Study: Energy Retrofits in New Mexico – NH&RA (housingonline.com) Solar Panels Come with Home Improvements Residents at three public housing authority properties for Santa Fe County in New Mexico are happy to see solar panels installed on the roofs of their projects, as the arrays also come with 16 additional upgrades …
Abram Mamet, April 2023 As seen in Housingonline.com: Green Retrofits Signal the Future in Cities’ Push Towards Decarbonization – NH&RA (housingonline.com) 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, …
