Braiding Together Tax Credits in the Inflation Reduction Act

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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 …

TBL Fund Experts Weigh In: Driving Energy Retrofits in Multifamily Affordable Housing

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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 …

Renewable or clean energy generation prices and costs, financial concept : Green eco-friendly symbols atop coin stacks e.g. energy efficient light bulb, a battery, a solar cell panel, a wind turbine.

Clean Energy Financing Insights – Why Green Retrofits Offer Better Bang for the Buck

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It is understandably challenging for cost-constrained multifamily affordable housing (MFAH) property owners and managers to spend their carefully budgeted dollars on unfamiliar green tech (e.g., heat pump-based HVAC) vs. familiar technologies with lower upfront costs. While “going green” can be expensive, traditional or “business as usual” retrofits have limited benefits. They may solve an immediate problem (e.g., addressing/replacing failed HVAC …

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Accessing Federal and Utility Incentives for Green Projects

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By Ravi Malhotra / NH&RA Issue: April 2023 The Bipartisan Infrastructure Law (BIL) provided the U.S. Department of Energy (DOE) $3.2 billion for the Weatherization Assistance Program (WAP). This is on top of the ongoing ~$1.6 billion allocation (the standard WAP allocation independent of the BIL money for WAP) over the next five years. The BIL funds allow for some …