ICAST Reaches 100 Employees

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Brad Varnedoe | HR Generalist Mr. Varnedoe supports the organization by assisting in employee recruitment, onboarding, and retention. In September of 2023, ICAST reached a milestone of 100 active employees. Some have been on deck since ICAST’s infancy, and others joined during the period of rapid growth we’ve been sustaining for the last six years. Regardless of their start dates, …

Taking Advantage of Federal Funds to Preserve and Construct Affordable Housing – Lessons Learned from the American Recovery and Reinvestment Act

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If you follow ICAST’s blog, you know we have been hard at work leveraging opportunities created by the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) to scale green solutions in underserved communities. For example, as previously reported, the BIL provided $3.2B for the U.S. Dept. of Energy’s Weatherization Assistance Program (WAP) on top of the $1.6B standard WAP …

Electric vehicle plugged into EV charger

Leveraging Available Incentives for EV Charging Infrastructure on Multifamily Properties

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by Ravi Malhotra NH&RA Tax Credit Advisor, June 2023 As demand for electric vehicles (EVs) intensifies, multifamily (MF) owners and operators are increasingly forced to explore their EV charging options. EV sales have soared, increasing by 67% from 2021 to 2022, and the U.S. Dept. of Energy (DOE) has adopted an International Code Council provision requiring apartment communities to provide EV charging …

Old public housing photo

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 …

Close-up view of Inflations Reduction Act bill

The Bipartisan Infrastructure Law and Inflation Reduction Act: What ICAST is Watching

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The Bipartisan Infrastructure Law and Inflation Reduction Act: What ICAST is Watching Within the space of a year, President Biden signed two bills into law that contain billions of dollars for clean energy and underserved communities. Funds from the Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA) will go toward building out the nation’s EV charging infrastructure, incentivizing …

multifamily family housing complex

TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities

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TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities Triple Bottom Line Foundation (TBL Fund) was recently awarded $125,000 from the Community Development Financial Institutions (CDFI) Fund, which it will leverage to increase its capacity to finance green projects for multifamily affordable housing and disadvantaged communities. TBL Fund provides development services and customized financial products to help preserve …