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Energy Efficiency Recent Updates and Highlights Prepared by Eileen Hearty, Project Manager Office of Asset Management

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Title: Energy Efficiency Recent Updates and Highlights Prepared by Eileen Hearty, Project Manager Office of Asset Management


1
Energy Efficiency Recent Updates and
Highlights Prepared by Eileen Hearty, Project
Manager Office of Asset Management Denver
Multifamily Hub
2
  • Long-term sustainability requires continued
    partnership between HUD and the sponsors and
    owners of federally supported affordable housing.
    We encourage continued efforts to make these
    projects greener, healthier, and more energy
    efficient. Through our collective efforts we
    can benefit Americas low-income households,
    improve communities, and have a greater impact
    with our federal investment.
  • http//www.huduser.org/Publications/pdf/EnhancingE
    nergyEff_GreenBuildingV2.pdf

3
MF Energy Efficiency Initiatives - Implemented
4
MF Energy Efficiency Initiatives Planned
5
MF Energy Efficiency Initiatives Planned
6
  • As part of President Obama's Climate Action Plan,
    in 2013 HUD and DOE extended the Better Buildings
    Challenge to include multifamily housing.
  • The BBC asks building owners to commit to a 20
    portfolio-wide energy reduction over 10 years.
  • 59 multifamily residential partners ( 29 housing
    authority partners) have joined the Challenge.

7
Current MF BBC Incentives
Management Fee Incentive Access to Add-on Fees
for eligible energy and water efficiency
activities. Reserve for Replacement Incentive
Expedited approval for energy and water
efficiency capital improvements. Mark to Market
Incentive Incentive Performance Fee increase for
meeting specific energy and water efficiency
requirements. PRAC Shared Savings Incentive
Allow 202/811 PRAC properties to include energy
savings associated with energy improvements as an
eligible expense in the property budget.
8
MF BBC Incentives to come
  • Increased distributions Up to 100 percent for
    non-profit Section 8 owners, based upon
    properties meeting annual energy reduction
    targets.
  • On-Bill Financing and Repayment Incentive Memo
    on participation in on-bill repayment program in
    California to support energy efficiency
    improvements.

9
More about BBC
  • www4.eere.energy.gov
  • Several multifamily owners have posted showcase
    projects (case studies) on the BBC website. All
    owners are expected to post their showcase
    projects up this year.
  • May 27-29 will be the annual Summit of the BBC
    partners in DC. Gatherings of BBC partners for
    later this year.
  • Send questions to MFBBC_at_hud.gov

10
MF PACE Update
  • January 2015 Governor Brown and Secretary Castro
    announced a California Multifamily PACE Pilot in
    partnership with the MacArthur Foundation.
  • The Pilot enables commercial PACE financing for
    certain MF properties, including specific
    properties within HUD, the California Department
    of Housing and Community Development, and the
    California Housing Finance Agencys portfolios.
  • Policy memo to explain underwriting of PACE
    assessments for properties with FHA insured
    mortgages and/or HUD rental assistance.
  • portal.hud.gov/hudportal/documents/huddoc?idMF_PA
    CE_CA_Memo.pdf

11
Upcoming Publications
  • MAP Guide - Updating the methodology by which
    energy savings are underwritten for FHA insured
    loans. Draft available and public comments can
    be submitted until 4/30/15.
  • Proposed increased per unit improvements limit
    use estimated energy efficiency savings in
    underwriting minimum standard for energy
    efficiency for investments requirements for use
    of CNA E-tool for FHA loan underwriting.

12
Upcoming Publications
  • CNA-e Tool - A Notice on required use of a new
    electronic Capital Needs Assessment, which
    includes a required energy audit and energy use
    benchmarking.
  • Applications for insured mortgages and 10-year
    updates must include calculation of annual
    utility consumption.
  • Allows evaluation of the potential for achieving
    cost savings and reduced carbon emissions.

13
Upcoming Publications
  • Utility Allowance Analysis - Housing Notice on
    utility analysis methodology. Multifamily
    Housing staff have analyzed the current
    practices for determining utility allowances and
    have developed recommendations for improving the
    analysis methodology in order to more accurately
    determine allowances and to minimize costs to HUD
    .
  • RAD Updated Notice later this month. Updates
    the methodology by which energy savings are
    underwritten for RAD deals with new PBRA
    contracts .

14
Upcoming Publications
  • Utility Use Data Collection/Benchmarking -
    Collecting energy use data from existing assisted
    and insured properties (properties not covered by
    the CNA e-tool guidance) and also setting a
    minimum standard for energy efficiency for
    existing properties. This connects to the newly
    available Energy Star Score for Multifamily from
    the EPAs Portfolio Manager.

15
Looking Forward
  • Minimum Energy Efficiency Standards Federal
    Register Notices Adoption of Energy Efficiency
    Standards for New Construction of HUD- and
    USDA-Assisted Housing (2009 energy standards,
    affects 9 states for MF) and Adoption of Energy
    Efficiency Standards for New Construction of HUD-
    and USDA-Assisted Housing and Solicitation of
    Comment (2013 standards, affects 41 states for
    MF).
  • Pay-for-Success FY16 Budget Proposal for 20,000
    PBRA units in energy performance contracting.
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