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. …
Braiding Together Tax Credits in the Inflation Reduction Act
By Ravi Malhotra NH&RA, October 2023 One of the Inflation Reduction Act’s (IRA) most significant budget items is the money for tax credits, which could ultimately be worth over $500 billion. Key credits for multifamily affordable housing include: New Energy Efficient Homes Credit (45L); Solar and Energy Storage Investment Tax Credit (ITC); Alternative Fuel Vehicle Refueling Property Credit (30C); and …