IRA & BIL Resource Guide

A Resource Guide for the Multifamily Affordable Housing Market to Access Funds from the Inflation Reduction Act and Bipartisan Infrastructure Law

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The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) constitute a once-in-a-lifetime opportunity for the multifamily affordable housing (MFAH) market to access federal funds for green solutions.

ICAST created this Resource Guide to help the MFAH market take advantage of the opportunities created through IRA and BIL. The MFAH market can braid grant funds, tax credits, rebates, and other incentives to achieve very-high-performing properties that reduce operations and maintenance costs; improve net operating income; and increase health, comfort, safety and affordability for low-income tenants. This Guide is organized according to funding source, rather than technology solution, to give readers a sense of the scope and function of each funding bucket.

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This Guide Includes:

  • Summaries of various financial resources,
  • Examples of how to braid funds for projects,
  • Case studies,
  • And frequently asked questions.

ICAST (International Center for Appropriate and Sustainable Technology) is a 501(c)(3) nonprofit with a mission to provide economic, environmental, and social benefits to underserved communities in a manner that builds local capacity. ICAST has a 20-year history of designing and managing utility-led, state, inter-state, and federal programs that leverage innovative green technologies to benefit low- and moderate-income communities.