Wattsmart Multifamily Biz. Partner of the Year 2019

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At this year’s Utah Housing Matters Conference in Park City Utah, Rocky Mountain Power presented the Wattsmart Affordable Housing Multifamily Partner of the Year 2019 to Danville Development Corporation. The Award, now in its second year, recognizes an organization in the multifamily industry that has made a significant impact within the Rocky Mountain Power service area.  Danville Development Corp focuses …

ICAST receives help from handicapped youth for project in New Mexico

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ICAST is very proud of the green retrofit work it recently completed on 6 apartment properties in New Mexico that will save over 20,000 therms annually. Located in Donna Ana County, they are close to El Paso, Texas on the New Mexico border. The properties are owned and managed by Medlock Properties and are all multifamily affordable housing properties under …

ICAST Launches Project SunLight: Bringing Solar Energy to Multifamily Affordable Housing

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ICAST Launches Project SunLight: Bringing Solar Energy to Multifamily Affordable Housing ICAST will partner with the Department of Energy’s Solar Energy Technology Office to create and pilot an innovative program that overcomes the hurdles of deploying solar energy to low income populations  October 30, 2018, [Lakewood, CO] – ICAST (International Center for Appropriate and Sustainable Technology) a 501(c)(3) nonprofit social enterprise, …

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Affordable Apartments Lost

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Every year, thousands of apartments are demolished, often by owners who can no longer afford the repairs needed to maintain them. These units are often among the most affordable homes in their respective markets, with the people living in them frequently having few other housing choices. The elimination of these apartments from the housing stock only exacerbates the already critical …

RFP – Green Construction Certification Program for Youth

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As part of ICAST’s mission to expand economic development, ICAST trains youth (16-24) on green building construction skills and then hires them to work on our multifamily green retrofit projects. ICAST is interested in developing a certification program for ‘green building’ for at least 120 youth. We are looking for an education partner who can help us develop a custom …

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The Increasing Importance of Energy Efficiency in Senior Housing

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After years of stagnant wages and rising costs of living, American households are feeling the pressures of the nationwide affordable housing shortage. For those on a tight budget, such as seniors living on a fixed-budget, utilities bills can be the straw that breaks the camel’s back. On the other hand, reducing utilities costs can be critical to improving housing affordability. …

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Why Preserving Affordable Housing Can Be More Important than Building It

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Dozens of cranes in the Denver skyline are an encouraging sign for many residents that the city’s economy is booming. New buildings populated with bright, modern apartments and ambitious businesses are undoubtedly important to Denver’s urban development. But another type of building innovation is happening in the city, and in many ways it’s more important to the communities that live …

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Financial Incentives You Don’t Want to Miss When Retrofitting Multifamily Housing

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Multifamily housing owners looking to retrofit their property face many challenges, often chief among them is project financing. Retrofits that include energy and water conservation measures, a.k.a. deep retrofits, can be an even tougher choice because of the (false) reputation of green upgrades being more costly. In reality, there are many programs and incentives that enable multifamily housing owners to implement deep …

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HUD’s RAD Green Incentive

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With the Public Housing Authority (PHA) program facing a ~$27 billion shortfall to finance capital improvements, the U.S. Department of Housing and Urban Development (HUD) found a creative way to bridge the gap: Rental Assistance Demonstration (RAD).   Many PHAs tap RAD to provide capital for construction and financing. However, few are aware that RAD also provides an opportunity to access the benefits associated with …