Lee Alexander | Finance Manager Mr. Alexander supports TBL Fund by developing and executing corporate strategic initiatives relating to risk and compliance to facilitate growth and to drive process improvements and operational efficiencies. A blog published through the U.S. Dept. of Energy’s Better Buildings Solution Center discussed the value of leveraging financing and renovation events to drive low-income multifamily housing …
Leveraging Federal, State, and Utility Incentives to Fund Solar
By Ravi Malhotra / Tax Credit Advisor May 2023 With the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), the business case for solar-for-multifamily affordable housing is the best it’s ever been. Multifamily properties can leverage Solar Photovoltaic (PV) (and energy storage) to cut utility bills and/or bridge financing gaps. The IRA increases the baseline Solar Investment Tax Credit …
Case Study: Energy Retrofits in New Mexico
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 …
Green Retrofits Signal the Future in Cities’ Push Towards Decarbonization
Green Retrofits Signal the Future in Cities’ Push Towards Decarbonization By Abram Mamet / NH&RA April 2023 Green Retrofitting in Practice Well-considered and meaningfully executed retrofits have become increasingly important as communities across the country seek out effective climate resilience strategies. States like Massachusetts, New York, Illinois and Pennsylvania are at the forefront of that movement, having each enacted legislation or …
ICAST Experts Weigh In: Available Federal Tax Credits, Incentives, and Grants for Underserved Communities
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 …
ICAST Secures Contracts to Grow its Clean Energy Efforts in Underserved Communities
ICAST Secures Contracts to Grow its Clean Energy Efforts in Underserved Communities ICAST has been busy forming new partnerships with federal and state agencies, utility companies, and others to deliver clean energy retrofits in multifamily affordable housing (MFAH). It has also been working with its existing partners to act on new opportunities. A few highlights of ICAST’s recent efforts are …
How Utility Programs Can Drive Electrification and Energy Efficiency in Multifamily Affordable Housing
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 …
2022 ICAST Annual Report
Read the ICAST 2022 Annual Report: 2022 ICAST Annual Report
Funding for Green Upgrades and Preservation
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, …
How Colorado’s Multifamily Affordable Housing can Benefit from the Inflation Reduction Act and Bipartisan Infrastructure Law
How Colorado’s Multifamily Affordable Housing can Benefit from the Inflation Reduction Act and Bipartisan Infrastructure Law By Ravi Malhotra, Founder and President, ICAST Colorado Real Estate Journal – Multifamily Properties Quarterly, February 2023 The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) dramatically expand opportunities for multifamily affordable housing (MFAH) to leverage cash rebates, tax credits, and other …