May 2024 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ========== Greenhouse Gas Reduction Fund Competition Selectees Chosen The Environmental Protection Agency (EPA) has announced its selections under the $27-billion Greenhouse Gas Reduction Fund (GGRF). Eight awards totaling $20 billion, were made under the National Clean Investment Fund (NCIF) and Clean Communities Investment Accelerator (CCIA): The goal is to create a national clean financing …

Setting a Course for the Fast-Evolving Incentives Landscape

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Influencing vs. Merely Accessing Available Funding Programs By Ravi Malhotra Originally published in NH&RA’s Tax Credit Advisor, May 2024   Government agencies are still racing to get their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds out the door, and they remain open to input from various stakeholders to help guide this process. In advocating for increased investment …

Accessing Green Upgrades with EPA and HUD Funds

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By Ravi Malhotra Tax Credit Advisor, September 2023 As we near the end of the year, federal agencies, including the U.S. Department of Energy (DOE), the U.S. Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA), are finalizing the design of Inflation Reduction Act (IRA)-created programs and releasing more and more of the funds. Many of …

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Funding for Green Upgrades and Preservation

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By Ravi Malhotra, Founder and President, ICAST NH&RA, March 2023 Engaging Multifamily Owners The Inflation Reduction Act (IRA) provided the Environmental Protection Agency (EPA) with approximately $35 billion that is relevant to multifamily affordable housing. These funds are for emissions reduction projects, and multifamily housing can access them to facilitate green upgrades for affordable housing preservation. Through two separate programs, …