ICASTTM, International Center for Appropriate and Sustainable Technology, is a 501(c)(3) nonprofit organization. We develop and implement market-based solutions for issues that plague underserved communities.
 

ICAST Programs  
 
 
 
ResourceSmart executes multifamily property rehabilitation, installing upgrades that positively impact property owners and their tenants.
 
Triple Bottom Line Foundation is a certified Community Development Financial Institution (CDFI), offering a variety of financial products that generate measurable social, environmental, and economic impact.
 
Project Sunlight is on a mission to tackle the affordable housing crisis head on. Become a Strategic Philanthropist  and help address affordable housing issues.

ICAST News & Events 

ICAST & ResourceSmart Win NM Governor's 2016 Environmental Excellence Award
April 22, 2016

Albuquerque, NM — What better way to spend this past Earth Day than by being honored by New Mexico Governor Susana Martinez. ICAST and its program ResourceSmart were recognized as the winner of this year's Governor's Environmental Excellence Award for Resource Stewardship. The purpose of the award is to support, recognize, and celebrate the hard work of New Mexicans dedicated to restoring and protecting the natural heritage and environmental health of the state. Winners demonstrated commitment, collaboration, and innovation through projects resulting in measurable environmental benefits. ICAST and ResourceSmart's work on air quality improvement, emission reductions, energy conservation and increased use of renewable energy secured them the award. 
 
ICAST Receives $280,000 Pay for Success Grant  
April 18, 2016

Salt Lake City, UT  — Today, the Sorenson Impact Center at the University of Utah’s David Eccles School of Business announced the selection of 3 governmental entities and 4 nonprofit service providers to receive technical assistance and grant funding as part of the Corporation for National and Community Service’s Social Innovation Fund (SIF) Pay for Success Program. ICAST is among the awardees to receive a cash grant and technical assistance valued at $285,000. Across the country, governmental entities and nonprofit organizations are learning about and engaging in a new field called Pay for Success (PFS) – an innovative public-private partnership strategy focused on what works in social science research and dedicated to driving government resources to interventions tied to measurable impacts in the community. ICAST will receive funding and technical support to develop PFS projects that advance and evaluate high-impact social interventions, in order to produce measurable and meaningful outcomes for individuals and communities. ICAST Sorenson Impact Center Grant Press Release 
 
 
2015 Triple Bottom Line Foundation Annual Report Released
April 7, 2016

In 2015, the TBL Fund expanded its services territory to Texas. TBL Fund also became an official Property Assessed Clean Energy (PACE) lender in Texas. Together with ResourceSmart (www.ResourceSmart.org), TBL Fund can now collectively provide multifamily property managers and owners a turn-key service for the design and installation of water conservation, energy efficiency, renewable energy generation and property retrofits while also providing access to financing, rebates, grants and other incentives. Last year, TBL Fund issued three loans and facilitated project financing for multifamily affordable housing properties in Colorado and New Mexico, projects worth $642,260 of smart rehab work. TBL Fund also provided Technical Assistance (TA) to clients and projects on potential financing options and strategies available for the smart rehab of their MF affordable housing properties. Finally, the TBL Fund officially joined the Department of Energy’s Better Building Challenge program as a Financial Ally, leading the way to better provide the financing needed to preserve affordable housing. Read more about what the Triple Bottom Line Foundation was up to in 2015, and what it hopes to achieve in 2016. 2015 Triple Bottom Line Foundation Annual Report
 
ICAST 2015 Annual Report Released
March 1, 2016

Since ICAST’s inception, ICAST has served more than 7,082 low-income families, seniors, veterans, women, and disabled individuals, in reducing their utility and health care costs. Due to the Smart Rehab program that ICAST implements, it has reduced approximately 7,758,969 lbs. of Carbon emissions, invested $11,660,785 into our communities, that has created/retained  about 230 local jobs and other positive economic benefits. In 2015, ICAST expanded its service territory to Texas. Our Triple Bottom Line Foundation (www.TBLFund.org) became an official Property Assessed Clean Energy (PACE) lender in Texas. In New Mexico, our ResourceSmart program (www.ResourceSmart.org) became a contractor to the state Mortgage Finance Authority for their new multifamily weatherization assistance program, and a Trade Ally to Xcel Energy and PNM (electric utilities) and NM Gas. Read more about ICAST's team, programs, and financials at with ICAST's full Annual Report [PDF].
 

ICAST to Apply for USDA RD Housing Preservation Grant Program in Deming NM
Feb 23, 2016

If awarded this grant, ICAST will be providing financial assistance for the sustainable rehabilitation of a rural, affordable housing, multifamily (MF) property belonging to USDA-RD’s portfolio in New Mexico. The award would align with the objectives of the Housing Preservation Grant (HPG) Rental Property assistance program, and will be used to install energy efficiency (EE) upgrades and make important property repairs. The property, Rio Mimbres Apartments (RMA), located at 400 W. Florida Ave., Deming, NM, is a USDA RD MF property with 90% low income residents. For a full statement of activities click here
This statement is open for public comment, submit comments here.
 

Financing a Smart Rehab for Multifamily Properties
Triple Bottom Line Foundation Article Published in New Mexico
March 19, 2016

Rehabilitation of multifamily properties has always been a difficult decision for the owner, and to make green upgrades is a tougher call because of the reputation of green upgrades being costly. The upfront cost, hassle of managing the rehab, issue of split incentive i.e. owner pays for the upgrades while the tenants receive the benefits, often leads owners to not even consider a rehab, let alone green upgrades. In reality though, there is a smarter way to rehab multifamily properties that is hassle-free and cost-effective, with ample benefits flowing to the owner including increase in value of property, lower O&M costs, improved occupancy and lower turn-over. Learn about the unique financing strategies available for multifamily property owners: Full article

 

ICAST Featured in U.S. Department of Energy's Better Building Case Study, "Energy Efficiency Upgrades in Multifamily Housing" 
Feb 1, 2016

Last month, ICAST and another nonprofit Better Building Network member, Elevate Energy, were featured in a Better Buildings curated case study as excelling members that effectively develop energy efficiency solutions for multifamily and affordable housing communities. ICAST's President and Founder, Ravi Malhotra, was interviewed, providing insights into its program ResourceSmart, how ICAST has approached the multi-family sector, and how ICAST engages the tenants at the properties it works on. Full case study 

 
 
How Investing in Housing Can Save on Healthcare Costs

Feb 1, 2016

This review summarizes and evaluates recent research on the effectiveness of housing interventions to result in health care cost savings. There are a number of good studies that have demonstrated that providing permanent supportive housing to homeless individuals can result in significant savings on public health care expenditures—usually more than enough to offset the cost of providing housing and services. There is less research monetizing health care savings associated with other housing programs. However, with new opportunities under the Affordable Care Act and expanded Medicaid, the research provides clear support for collaboration between the housing and health communities on supportive housing programs. At the same time, there is a need to continue to rigorously evaluate housing programs and to include an analysis of health impacts in future studies. Full PDF report