SSC2011_Michael Bodaken PPT

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SSC2011_Michael Bodaken PPT

  1. 1. Unleashing Utility Resources to Energy <br />Retrofit Affordable Multifamily Housing<br />By Michael Bodaken<br />Solutions for Sustainable Communities Conference<br />September 26, 2011 | Washington, D.C. <br />
  2. 2. About the National Housing Trust<br />The National Housing Trust protects and improves existing affordable rental homes so that low income individuals and families can live in quality neighborhoods with access to opportunities. <br />NHT engages in public policy development and advocacy that is informed by practice and experience through on the ground real estate development and multifamily ownership.<br />Energy efficiency upgrades in multifamily affordable housing are a cost-effective approach to reduce carbon emissions and energy use, maintain affordability for low-income households, and create healthier, more comfortable living environments for families.<br />
  3. 3. Multifamily Housing: Underserved by Utility Energy Efficiency Programs<br />In most states, utilities implement energy efficiency programs, often paid for via charges included in customer utility rates. <br />State policies are pushing programs to achieve and sustain high energy savings levels, believed to be about $12 billion by 2020.<br />Multifamily’s share of energy efficiency program funding is NOT proportionate to the size of the sector::<br /><ul><li>Residential programs focus on single-family homeowners
  4. 4. Commercial programs focus on offices, institutions and businesses.
  5. 5. Unique needs of MF customers require targeted programs</li></li></ul><li>Utility funding for energy efficiency programs is growing rapidly<br />U.S. spending on ratepayer-funded electric efficiency programs has significantly increased since 2006 and could reach $12 billion by 2020. <br />Total U.S. program spending for years 2006-2009. (Source: ACEEE)<br />*Total U.S. program budgets for year 2010. (Source: Institute for Electric Efficiency)<br />**Projected total U.S. program budgets in 2020 according to the Lawrence Berkley Nat'l Laboratory (Source: Institute for Electric Efficiency) <br />
  6. 6. Utility-Funded EE Programs:Leaders & Up-and-Comers<br />While approx. 15 states have traditionally maintained significant energy efficiency budgets, several states have recently made plans to ramp up spending. <br />Traditional Leaders<br />Up-and-Comers<br />Source: The Shifting Landscape of Ratepayer-Funded Energy Efficiency in the U.S. Lawrence Berkley Nat'l Laboratory<br />
  7. 7. Seizing the Opportunity for Affordable MF Housing<br />NHT is leading a project to advance utility-funding for affordable multifamily retrofits. Working with ACEEE, NCLC and D&R International.<br />Documenting best practices.<br />Convening utility representatives, government housing and energy officials, affordable housing owners and advocates, and energy and environmental advocates in 5 states: CO, MN, IL, RI and PA; Expanding to another 3 states in 2012. <br />Identifying obstacles to deploying utility energy efficiency resources to achieve multifamily retrofits.<br />Demonstrating energy savings potential through retrofit case studies.<br />
  8. 8. Early Lessons Learned<br />Focus on the ENERGY SAVINGS- not cost savings-i.e., expanding programs to the multifamily market will help utilities meet their savings goals.<br />Housing finance agencies can be key partners to utilities; provide access to pipeline of projects/outreach to owners.<br />Tailored programs are needed to serve MF housing; Owners may have to apply to commercial programs for common area measures and residential programs for tenant living areas. <br />Make the case that tenants benefit from energy retrofits.<br />Understand the utility program planning cycle; utilities file 3-year plans for designing/implementing EE programs. <br />
  9. 9. Iowa Multifamily GREEN<br />Partnership of the Iowa Finance Authority, the Iowa Utility Association, Alliant Energy, MidAmerican Energy Company, Black Hills Energy, and the Energy Group. <br />Purpose: To encourage the adoption of energy efficient technologies in low-income multifamily housing.<br />Utilities pay up to 40% of the cost of cost-effective energy efficiency measures through enhanced rebates. <br />Focusing on Sec. 515 Housing. <br />
  10. 10. Process<br />IFA reviews proposed project to determine if building qualifies as eligible multi-family housing<br />Energy conservation audit completed by a qualified, independent contractor, paid for by utility.<br />Energy efficiency measures presented to the owner<br />Energy savings recommendations are categorized as short term, mid term or long term based on the expected energy savings payback<br />Utility provides enhanced rebate, paying up to 40 percent of the costs of the measures<br />Property manager and owner determine what changes they will implement<br />
  11. 11. NJ PSE&G Residential Multifamily Housing Program<br />$19 million dollar program - serving about 25 NJHMFA-financed multifamily developments <br />Building owners receive an on-site investment grade energy audit –at no cost<br />All measures having a simple payback of 15 years or less will be eligible<br />Buy-down incentives provided to reduce cost by 7 years –but to no less than 2 years<br />0% On-bill financing provided for remainder<br />
  12. 12. PSE&G Identified Value in Addressing Affordable MF<br />Preservation of affordable housing opportunities by reducing pressure on operating costs<br />The sector’s relatively high energy use and aging condition of this sector’s mechanical equipment<br />Lack of capital available to affordable MF owners <br />Large MF stock in PSE&G territories that had been overlooked by existing energy efficiency programs<br />
  13. 13. Maximizing Participation<br />No up front cost to owner.<br />Incentives eliminate or reduce the owner's contribution to the construction costs.  <br />Participating owners should receive ongoing guidance and technical assistance for soliciting contractor bids.<br />The repayment agreement should not place any liens or additional encumbrances on the properties, permitting the property to avoid dealing with existing debt holders.<br />
  14. 14. For more information:<br />Michael Bodaken<br />National Housing Trust<br /><ul><li>E-mail: mbodaken@nhtinc.org
  15. 15. Address: 1101 30th St, NW, Suite 400 Washington, DC 20007
  16. 16. Phone: (202) 333-8931
  17. 17. Web: www.nhtinc.org</li>

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