1 / 7

Green Initiative

Green Initiative. HUD’s Office of Affordable Housing Preservation (OAHP) IPED Miami February, 2008. HUD’s Green Initiative. A pilot initiative to encourage owners of affordable, multifamily properties to rehabilitate and operate their properties using sustainable Green Building principles.

vic
Télécharger la présentation

Green Initiative

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Green Initiative HUD’s Office of Affordable Housing Preservation (OAHP) IPED Miami February, 2008

  2. HUD’s Green Initiative A pilot initiative to encourage owners of affordable, multifamily properties to rehabilitate and operate their properties using sustainable Green Building principles.

  3. Some HUD Background • Energy Efficiency Efforts • Office of Healthy Homes • Preservation of Existing Housing Stock – the Mark-to-Market (M2M) Program • Created by Congress in 1997 • Rehabilitates Section 8 Properties and Restructures Underlying Debt • 1,700 Properties with over 150,000 Units Completed to Date • M2M Reauthorized through FY 2011

  4. Why apply Greento M2M? • Challenges of bringing green to most of the assisted portfolio. • Opportunity to fund these efforts in a representative sample of the larger HUD portfolio. • Ability to collect real data from within the HUD portfolio for broader future application. • M2M owner incentive (through Significant Additions, and Incentive Performance Fee). • The Pilot Program works within existing M2M statutes and regulations, and within current budget authorities.

  5. Project Eligibility for the Initiative: • Green Initiative Introduced in Fall, 2007 • All M2M properties are eligible • 30 properties/over 4,000 units currently in the pilot • Requirements for a Green M2M Restructure: • Green Physical Condition Assessment • Green Rehab (Baseline, Fixed, and Variable) • Green R4R plan – 20 Year Physical Needs • Green O&M Plan • Staff and Contractor Certification Requirements

  6. Owner Incentives • Reduced Owner Contribution to Rehabilitation • Reduced from 20% of Rehab Costs to as little as 3% of Rehab Costs • Applied to All Systems, Appliances, and Components that meet the Green Standard • Increased Incentive Performance Fee (IPF) • Up to 50% Increase • Admin Fee Allowed from Additional Funds • Incentive to Owners to Seek Grants • Potential Cash Flow Increase from Savings • Improved Property

  7. For More Information on HUD’s Green Initiative: • OAHP Green Website: http://hudstage.hud.gov/offices/hsg/omhar/paes/greenini.cfm • OAHP Resource Desk Q&A: www.oahp.net/(Free Registration) • Contact for Green Initiative Information: Theodore.K.Toon@HUD.GOV Carolyn.Carpenter.Porritt@HUD.GOV Jerry.R.Anderson@HUD.GOV

More Related