Toby Ast, Preservation of Affordable Housing

Bridle Path Apartments Toby Ast Preservation of Affordable Housing (POAH) April 14, 2010

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Who pays the bills? 35% 30% All Owner All Resident Paid Paid Resident Paid Electric, Owner Paid Gas 35%

Bridle Path Apartments • Randolph, MA • 3 Buildings, 104 units • 86,000 sq ft, 68,000 rentable, 5 acres • Built 1983, Bought 2007 • Wood frame, concrete slab, brick face • Elderly • All Electric • Resident Paid

Building Renovations • $1.5M budget • Community Room • Added about 25,000 kWh/year • Convert from electric?

To Convert or Not to Convert • No gas lines to property: $100-150k • A: Central Boiler, fin tubes: $342,615 • Submetering? $30-40k • Distribution system installation • Some common area savings • 31.6 year payback • B: Individual furnaces: $180,000 • Maintenance issues • Resident comfort • 17.2 years • Maybe we should focus on efficiency?

Efficiency Measures • Lighting: common & unit • Weatherstripping • New Fridges (50) • Programmable Thermostats • Insulate DHW pipes and tanks • Insulate attic hatches • $8500

Photovoltaic • Green Affordable Housing Development (GAHD) • $439,880 grant • 43 kW system • 210 Evergreen Solar panels • Zapotec Energy Projected: 49,000 kWh Through first nine months, 34,000 kWh

Results • 2006: 919,000* kWh • 2009: 857,000 kWh • Added 25,000 kWh • Generated 24,000 kWh • TOTAL: 856,000 kWh • 6-7% improvement (unadjusted) • *I don’t buy it

Toby Ast, Preservation of Affordable Housing

by National Housing Conference & the Center for Housing Policy on Apr 16, 2010

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Toby Ast, Preservation of Affordable Housing — Presentation Transcript