by Ravi Malhotra, Founder & President, ICAST Originally published in NH&RA’s Tax Credit Advisor Magazine, December 2022 While the federal, state and local governments are picking up the pace in their decarbonization efforts, very few of those programs, and even fewer utility rebate programs, specifically target multifamily housing. Unless the multifamily sector acts, it runs the risk of missing out …
ICAST Selected to Help Pueblo of Jemez Achieve Energy Independence ICAST was recently selected by the Pueblo of Jemez (POJ), a federally recognized sovereign nation in New Mexico, to help them achieve energy independence. We will work with POJ and other project partners to develop the plans to acquire and/or create the energy infrastructure necessary for POJ to be carbon …
TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities Triple Bottom Line Foundation (TBL Fund) was recently awarded $125,000 from the Community Development Financial Institutions (CDFI) Fund, which it will leverage to increase its capacity to finance green projects for multifamily affordable housing and disadvantaged communities. TBL Fund provides development services and customized financial products to help preserve …
Kristen Cheriegate | ICAST Policy Analyst ******************* Department of Housing and Urban Development Receives Multifamily Program Comments On October 27, the U.S. Department of Housing and Urban Development (HUD) closed its Request for Information (RFI) to obtain public input regarding the development of its Green and Resilient Retrofit Program (GRRP). The RFI sought guiding information on prioritizing the GRRP’s work, …
How Do We Move WAP Funding Into Multifamily Affordable Housing? By Ravi Malhotra / Issue: October 2022 National Housing & Rehabilitation Association The Bipartisan Infrastructure Law (BIL) provided $3.5 billion for the Weatherization Assistance Program (WAP); a ten-times increase that is to be spent in the next five years. This is on top of the regular WAP funds the states receive annually. As explained …
Rocky Mountain Power Presents Award to Planet-Friendly Multifamily Affordable Housing Development Each year at the Utah Housing Coalition (UHC) Utah Housing Matters Conference, the Rocky Mountain Power (RMP) Wattsmart Multifamily Program presents an energy efficiency award to a multifamily development. The recipient for 2022 was Box 500, built by Eco Box Fabricators. Box 500 is Utah’s first multi-story apartment complex …
ICAST Receives Funds to Support Workforce Development and Energy Independence ICAST recently received $25,000 from Wells Fargo to support our Colorado workforce development program, the Denver Clean Energy Construction Career Accelerator (DCECCA). We are partnered with Energy Efficiency Business Coalition (EEBC) and Julius Education to help disadvantaged individuals access entry-level green jobs and to provide high-efficiency heat pump upskilling for …
Kristen Cheriegate | ICAST Policy Analyst ******************* Department of Housing and Urban Development Releases New Guidelines for Community Solar Participants The U.S. Department of Housing and Urban Development (HUD) has issued new guidance to HUD Multifamily Housing field staff, owners, and management agents on the treatment of on-bill virtual net energy metering credits commonly resulting from a resident’s participation in …
ICAST Registers New Carbon Credits ICAST is excited to announce that we have posted a new carbon credit project on the GHG CleanProject Registry website that represents the reduction of over 7,000 tons of carbon emissions. The New Mexico (NM) Energy Conservation Measures Project illustrates the environmental benefits of delivering energy efficiency and renewable energy solutions in multifamily affordable housing …
Kristen Cheriegate | ICAST Policy Analyst ******************* Inflation Reduction Act Signed by President On August 17, the White House released a fact sheet regarding the Inflation Reduction Act and its priorities and most significant wins. The bill, which invests $369 billion in energy security and climate change alone, puts the United States on a path to reducing 31-44% of the …