1 Green Retrofit Program for Multifamily Housing HUDs Office of Affordable Housing Preservation...
-
Upload
ethan-kent -
Category
Documents
-
view
215 -
download
1
Transcript of 1 Green Retrofit Program for Multifamily Housing HUDs Office of Affordable Housing Preservation...
11
Green Retrofit Green Retrofit Program for Program for
Multifamily HousingMultifamily HousingHUD’s Office of Affordable HUD’s Office of Affordable Housing Preservation (OAHP)Housing Preservation (OAHP)
IPEDIPED June, 2009June, 2009
22
GRP IntroductionGRP Introduction
The Green Retrofit Program for Multifamily Housing The Green Retrofit Program for Multifamily Housing (GRP) was authorized by the American Recovery and (GRP) was authorized by the American Recovery and Reinvestment Act of 2009, whose objectives are to:Reinvestment Act of 2009, whose objectives are to:
• Boost the economy Boost the economy
• Create jobsCreate jobs
• Restore economic growthRestore economic growth
• Strengthen America’s middle classStrengthen America’s middle class
..
33
The American Recovery and The American Recovery and Reinvestment Act of 2009Reinvestment Act of 2009 $13.6 b at HUD:$13.6 b at HUD:
Public Housing - $4 billionPublic Housing - $4 billion Healthy Homes/Lead Abatement - $100 millionHealthy Homes/Lead Abatement - $100 million Homelessness/Rapid re-Housing - $1.5 billionHomelessness/Rapid re-Housing - $1.5 billion Assisted Housing Green Retrofits - $250 millionAssisted Housing Green Retrofits - $250 million Native American Block Grants - $510 millionNative American Block Grants - $510 million Tax Credit Assistance Program - $2.25 billionTax Credit Assistance Program - $2.25 billion CDBG - $1 billionCDBG - $1 billion Neighborhood Stabilization Program - $2 billionNeighborhood Stabilization Program - $2 billion
$5 b at DOE - Weatherization Assistance $5 b at DOE - Weatherization Assistance ProgramProgram
44
GRP IntroductionGRP Introduction
Program guidance is provided in Housing Program guidance is provided in Housing Notice Notice H-09-02H-09-02, , published May 13, 2009. The Notice, all published May 13, 2009. The Notice, all forms, and application are available at forms, and application are available at
www.hud.gov/recoverywww.hud.gov/recovery::
“… “… $250,000,000 shall be for grants or $250,000,000 shall be for grants or loans for energy retrofit and green loans for energy retrofit and green investments …”investments …”
..
55
HUD BackgroundHUD Background::
The Mark-to-Market (M2M) ProgramThe Mark-to-Market (M2M) Program Created by Congress for preservation and savingsCreated by Congress for preservation and savings Over 3,000 properties to date, 1,700 full restructuresOver 3,000 properties to date, 1,700 full restructures
The Green InitiativeThe Green Initiative Introduced in 2007 to incentivize M2M owners to Introduced in 2007 to incentivize M2M owners to
rehab properties in the most sustainable wayrehab properties in the most sustainable way Borrows practices from M2M, Energy Task Force, Borrows practices from M2M, Energy Task Force,
and Office of Healthy Homesand Office of Healthy Homes 75 properties participating in the pilot75 properties participating in the pilot
Set the stage for the Green Retrofit ProgramSet the stage for the Green Retrofit Program
66
GRP IntroductionGRP Introduction To be administered by HUD’s OAHPTo be administered by HUD’s OAHP
OAHP administered M2M and the Green InitiativeOAHP administered M2M and the Green Initiative 22 LEED APs22 LEED APs Will use contractor/PAE structureWill use contractor/PAE structure
Funding is available for Section 8, 202, and Funding is available for Section 8, 202, and 811 properties with project-based assistance811 properties with project-based assistance
Minimum project size, and limits by property Minimum project size, and limits by property type, geography, and owner entitytype, geography, and owner entity
77
GRP IntroductionGRP Introduction Maximum improvements of $15,000/unit Maximum improvements of $15,000/unit
expected to average $10,000/unitexpected to average $10,000/unit Cash-flow loans, and grants in some casesCash-flow loans, and grants in some cases Green and energy retrofits only (improvements Green and energy retrofits only (improvements
that conserve energy, water, improve indoor air that conserve energy, water, improve indoor air quality, and/or benefit the environment)quality, and/or benefit the environment)
No cost to most property owners (except in No cost to most property owners (except in limited cases)limited cases)
Applications accepted beginning June 15, 2009Applications accepted beginning June 15, 2009
88
GRP BenefitsGRP BenefitsBenefits to ResidentsBenefits to Residents:: Tenant meeting to gather resident input to Tenant meeting to gather resident input to
property needs and opportunities property needs and opportunities May replace old, inefficient appliances and May replace old, inefficient appliances and
equipment with more energy-efficient modelsequipment with more energy-efficient models Increase thermal comfortIncrease thermal comfort May reduce dust, mold, and pestsMay reduce dust, mold, and pests May provide healthier homesMay provide healthier homes Preserves affordable housing for long term Preserves affordable housing for long term
99
GRP BenefitsGRP BenefitsBenefits to HUD and TaxpayersBenefits to HUD and Taxpayers:: Extended affordability for at least 15 yearsExtended affordability for at least 15 years Reduced utility costs (from HUD’s $5b costs)Reduced utility costs (from HUD’s $5b costs) Improved indoor air quality for residentsImproved indoor air quality for residents Trained green property management staffTrained green property management staff More sustainable operations and maintenance More sustainable operations and maintenance Use of Integrated Pest ManagementUse of Integrated Pest Management Unprecedented collaboration between federal Unprecedented collaboration between federal
agencies (HUD, DOE, DOT, EPA, CDC, etc) agencies (HUD, DOE, DOT, EPA, CDC, etc) around housing and environmental issuesaround housing and environmental issues
1010
GRP BenefitsGRP BenefitsBenefits to Property OwnersBenefits to Property Owners:: Improved property using low-cost capitalImproved property using low-cost capital Performance-based financial incentivesPerformance-based financial incentives Access to green building materials, products and Access to green building materials, products and
technologiestechnologies May replace old, inefficient appliances and May replace old, inefficient appliances and
equipment with more energy-efficient modelsequipment with more energy-efficient models Contributes to energy and water savings, and Contributes to energy and water savings, and
broader environment al benefitsbroader environment al benefits Share in future utility savingsShare in future utility savings
1111
GRP Owner IncentivesGRP Owner Incentives• Pre-Development Incentive – 1% of Green Retrofits up Pre-Development Incentive – 1% of Green Retrofits up
to $10,000, paid at closingto $10,000, paid at closing
• Efficiency Incentive – 3% of Green Retrofits up to Efficiency Incentive – 3% of Green Retrofits up to $30,000, paid upon satisfactory and timely rehab$30,000, paid upon satisfactory and timely rehab
• Incentive Performance Fee – 3% of EGI, paid annually Incentive Performance Fee – 3% of EGI, paid annually from Surplus Cash upon meeting pre-conditionsfrom Surplus Cash upon meeting pre-conditions
• Targeted Job Creation Incentive (optional) – 10% of Targeted Job Creation Incentive (optional) – 10% of expenditures up to $25,000, for contracting with expenditures up to $25,000, for contracting with Eligible Residents or Concerns pursuant to Section 3Eligible Residents or Concerns pursuant to Section 3
1212
GRP Process:GRP Process:
1.1. Tenant MeetingTenant Meeting
2.2. Physical Condition AssessmentPhysical Condition Assessment
3.3. Contractor/PAE’s Plan DevelopmentContractor/PAE’s Plan Development
4.4. Owner Secures Bids / EstimatesOwner Secures Bids / Estimates
5.5. Discussions with PAE and OwnerDiscussions with PAE and Owner
6.6. Green Operations & Maintenance PlanGreen Operations & Maintenance Plan
7.7. Final Feasibility AssessmentFinal Feasibility Assessment
1313
GRP Process:GRP Process:
8.8. HUD Approval of Retrofit PlanHUD Approval of Retrofit Plan
9.9. Green Retrofit Plan CommitmentGreen Retrofit Plan Commitment
10.10.Closing of Loan/Grant, Funds EscrowedClosing of Loan/Grant, Funds Escrowed
11.11.Start Green Retrofits TimelyStart Green Retrofits Timely
12.12.All Work Subject to Davis Bacon All Work Subject to Davis Bacon
13.13.Recovery Act ReportingRecovery Act Reporting
14.14.Completion of Green RetrofitsCompletion of Green Retrofits
15.15.Final Adjustments and Close-OutFinal Adjustments and Close-Out
1414
GRP Application:GRP Application: Beginning June 15, 2009Beginning June 15, 2009 Applications must be complete, or will be Applications must be complete, or will be
rejected. Complete application Includes:rejected. Complete application Includes:• 14 items of Required Information14 items of Required Information
• 15 Owner Certifications15 Owner Certifications
• 8 Owner Commitments8 Owner Commitments
• Initial Feasibility Assessment, showing “Pass”**Initial Feasibility Assessment, showing “Pass”**
hud.gov/recovery has all of the formshud.gov/recovery has all of the forms All accepted and waitlist applications will be All accepted and waitlist applications will be
posted at hud.gov/recoveryposted at hud.gov/recovery
1515
For More Information :For More Information :
HUD Recovery Website:HUD Recovery Website:www.hud.gov/recovery
OAHP Resource Desk Q&A: OAHP Resource Desk Q&A: www.oahp.net/ (Free Registration)(Free Registration)
Contact for Green Initiative Information: Contact for Green Initiative Information: [email protected]@HUD.GOV
[email protected]@[email protected]@HUD.GOV