Announcements: Program Updates

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ICAST Exceeding Goals for Healthy Homes Grant. In 2022, the U.S. Dept. of Housing and Urban Development awarded ICAST nearly $2 million for a Healthy Homes (HH) Production Grant in New Mexico. We have been diligently working on retrofitting low-income multifamily housing units, with the aim of significantly improving health conditions and energy efficiency for the residents. As part of …

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 …

green houses

ICAST Experts Weigh In: Optimizing Health and Energy Solutions for Affordable Housing

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Max Wilkinson | Healthy Homes Program Manager Mr. Wilkinson helps design and shepherd ICAST’s efforts to improve home health for tenants in multifamily affordable housing. ICAST’s goal with every multifamily retrofit is to increase home health, safety, comfort, and affordability for low- and moderate-income tenants. We have a custom, whole-building approach—in other words, we identify and deliver the best solutions …

Clean Energy Projects: Looking Ahead to 2024

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Clean Energy Projects: Looking Ahead to 2024  By Ravi Malhotra, Originally published in NH&RA Tax Credit Advisor, December 2023    At the close of 2023, it’s a certainty that the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are catalyzing a huge uptick in clean energy projects across the United States. Unfortunately, it’s equally certain that the multifamily affordable …

Tying it All Together

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Tying it All Together Timing and Key Considerations for Green Funds and Programs By Ravi Malhotra, NH&RA Tax Credit Advisor, November 2023 Federal agencies have steadily made progress in rolling out the new funds from the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). Multifamily property owners can fold these dollars into capital stacks for projects that incorporate solar and …

Multifamily Public Housing

Decarbonizing the Nation’s Buildings ~ Ensuring Multifamily Benefits from the Push

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Ensuring Multifamily Benefits from the Push By Ravi Malhotra Tax Credit Advisor, August 2023 Since early 2023, ICAST’s articles have covered the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) and their potential impacts on multifamily affordable housing. The BIL provided billions for the Weatherization Assistance Program (WAP) on top of the standard allocation, so for the next four …

Heat Pump being repaired

Electrification Upgrades

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A New Generation of Heat Pump Systems Increases Efficiency By Ravi Malhotra Tax Credit Advisor, July 2023 More and more states have regulations and mandates requiring multifamily affordable housing properties to decarbonize (i.e., replace the use of natural gas, oil, or propane with electricity). This can be accomplished by upgrading systems for space and water heating. Electric heat pumps are …

green houses

ICAST Experts Weigh In: Optimizing Health and Energy Solutions for Affordable Housing

ICAST MarketingICAST News, Blog, Industry News Leave a Comment

Max Wilkinson | Healthy Homes Program Manager Mr. Wilkinson helps design and shepherd ICAST’s efforts to improve home health for tenants in multifamily affordable housing. ICAST’s goal with every multifamily retrofit is to increase home health, safety, comfort, and affordability for low- and moderate-income tenants. We have a custom, whole-building approach—in other words, we identify and deliver the best solutions …

Man putting money in bank with solar panels behind him

Leveraging Federal, State, and Utility Incentives to Fund Solar

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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 …

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 …