Bill Brauner, Community Economic Development Assistance Council

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Bill Brauner, Community Economic Development Assistance Council

  1. 1. Partners In Innovation Financing the Preservation of Rural and Urban Affordable Rental Housing Sustainability and Affordable Housing Preservation Leveraging Green Funding to Preserve Affordable Rental Housing Bill Brauner – Housing Preservation Program Manager May 17, 2010 COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  2. 2. <ul><li>Green Funding is an Important Current Resource For Preserving Affordable Housing </li></ul><ul><li>  </li></ul><ul><li>Preservation Is Green </li></ul><ul><ul><li>“ The greenest building is the one that is already built…Seeking salvation through green building fails to account for the overwhelming vastness of the existing building stock. The accumulated building stock is the elephant in the room: Ignoring it, we risk being trampled by it. We cannot build our way to sustainability; we must conserve our way to it.” </li></ul></ul><ul><li>By Carl Elefante, AIA, LEED AP </li></ul><ul><li>  </li></ul><ul><li>Green Funds Can Pay for Some of the Important Project Needs </li></ul><ul><li>  </li></ul><ul><li>Green is Everyone’s Favorite Color Today </li></ul>COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  3. 3. <ul><li>Three Types of Green Funding   1. Grants WAP ($5 billion in 2009 up from $250 million in 2008) SEP ($3.1 billion in 2009) GRP ($250 million) EECDBG ($3.2 billion) State/Local Utility Programs (often not considered “income”) </li></ul>COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  4. 4. 2. Tax Credits and Deductions Investment Tax Credit (Sec. 48) Energy Production Tax Credit (Sec. 45) Energy Efficient Tax Deduction (Sec. 179D) State Programs   3. Green Permanent Loans COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  5. 5. Advantages - Cost Savings - Resident Health - Durability COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  6. 6. Advantages, Continued - Save the Planet. COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  7. 7. COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION Disadvantages - Disconnect between energy payback and work in a pres. renovation (e.g. window replacement) - Relatively small amount of green funding per unit WAP $6,500 per unit GRP $15,000 per unit - Issues with LIHTC and many green sources - Issues with tenant paid utilities
  8. 8. Resources   DSIRE (Database of State Incentives for Renewables and Efficiency) http://www.dsireusa.org/   COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  9. 9. COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  10. 10. <ul><li>Resources for Green Preservation and Green Preservation Funding </li></ul><ul><li>  </li></ul><ul><li>General Resources </li></ul><ul><li>National Housing Trust Green Preservation Web Page: http://www.nhtinc.org/green_affordable_housing_preservation.php </li></ul><ul><li>Enterprise Green Communities: http://www.greencommunitiesonline.org/ </li></ul><ul><li>  </li></ul><ul><li>Weatherization Assistance Program </li></ul><ul><li>CA: http://www.csd.ca.gov/Programs/Weatherization%20Assistance%20Program.aspx </li></ul><ul><li>OR: http://www.ohcs.oregon.gov/OHCS/SOS_Low_Income_Weatherization_Assistance_Oregon.shtml </li></ul><ul><li>WA: http://www.commerce.wa.gov/site/500/default.aspx </li></ul><ul><li>  </li></ul><ul><li>Federal Energy Tax Credits </li></ul><ul><li>http://www.seia.org/galleries/pdf/ITC_Frequently_Asked_Questions_10_9_08.pdf (article from Solar Energy Industries Association is relevant to more than just solar power) </li></ul><ul><li>  </li></ul>COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  11. 11. <ul><li>Bill Brauner </li></ul><ul><li>Housing Preservation Program Manager </li></ul><ul><li>CEDAC </li></ul><ul><li>One Center Plaza, Suite 350 </li></ul><ul><li>Boston, MA 02108 </li></ul><ul><li>617-727-5944 </li></ul><ul><li>[email_address] </li></ul>COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION
  12. 12. COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

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