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 …

Case Study: IRA, BIL Bringing Big Pots of Money to Green Affordable Housing

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By Mark Fogarty  NH&RA November 2023 If Timed Right, Financial “Braiding” Techniques May Cover Whole Cost of Retrofits There’s a brave new world of opportunities for “green” multifamily affordable housing renovation and development coming with the ever-quickening ascendancy of green buildings. This is according to one of the early adopters of clean energy solutions in multifamily, Ravi Malhotra—founder and president of ICAST. …

September 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Inflation Reduction Act Arrives at One-Year Anniversary The Inflation Reduction Act (IRA) directed over $369B toward incentives for nearly every corner of the clean energy industry. A year later – nearly $200B in tax credits stand at the center of IRA’s goals to clean up the two biggest sources of U.S. greenhouse gas …

August 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Update on Biden Administration’s Investing in America Tour President Biden and team recently toured the U.S. to directly communicate with communities impacted by his Investing in America Agenda. During the tour, the President discussed how federal investments including the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are driving a manufacturing and …

July 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* IRS and Treasury Release Additional Guidance on Low-Income Community Credit Program The Internal Revenue Service (IRS) and the Department of Treasury recently closed the comment period on a Notice of Proposed Rulemaking concerning the low-income communities’ bonus energy investment credit program. Established under the Inflation Reduction Act (IRA), this Program is designed to …

June 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Environmental Protection Agency Releases Framework for Greenhouse Gas Reduction Fund The Environmental Protection Agency (EPA) released new details on implementing the $27B Greenhouse Gas Reduction Fund (GGRF). Funds for the GGRF were provided by the Inflation Reduction Act (IRA); this Program will leverage public investment with private capital to finance clean energy projects …

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HUD Launches New Program to Pay for Multifamily Green Rehab

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The U.S. Dept. of Housing and Urban Development (HUD) recently announced the availability of  landmark funding through the new Green and Resilient Retrofit Program (GRRP) to support retrofits for HUD-assisted multifamily affordable housing (MFAH) properties.    The Inflation Reduction Act (IRA) provided HUD with approximately $837M in grant funding and $4B in loan authority for the GRRP. This program simultaneously invests in utility efficiency, renewable …

2024 Budget with calculator

May 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* U.S. Government Draft Budget Proposals Released for Fiscal Year 2024 In the President’s Budget Message, President Biden states his budget goals to continue lowering costs like affordable housing, home energy bills, and more. Budget Highlights include: Department of Energy (DOE): $11.9B in climate and clean energy research development, demonstration, and deployment to achieve …

Solar Panels being installed on roof

Case Study: Energy Retrofits in New Mexico

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Case Study: Energy Retrofits in New Mexico By Mark Fogarty / NH&RA Issue: April 2023 Solar Panels Come with Home Improvements  Residents at three public housing authority properties for Santa Fe County in New Mexico are happy to see solar panels installed on the roofs of their projects, as the arrays also come with 16 additional upgrades for the tenants. The …

ICAST Experts Weigh In: Available Federal Tax Credits, Incentives, and Grants for Underserved Communities

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ICAST Experts Weigh In: Available Federal Tax Credits, Incentives, and Grants for Underserved Communities  By Ravi Malhotra: Founder and President| Mr. Malhotra’s focus is finding financially sustainable models to solve the affordable housing crisis while tackling climate change. He manages the design and implementation of all ICAST programs and initiatives. Kristen Cheriegate: Senior Policy Analyst | Ms. Cheriegate navigates ICAST through …