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An innovative approach to green rehab

Discover how ResourceSmart offers a cost-effective and hassle-free solution to green rehab projects, with access to financing, grants, and technical assistance. Increase the value of your property, reduce operating costs, and enjoy environmental and health benefits. Case study: Cibola Apartments, Socorro, NM.

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An innovative approach to green rehab

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  1. An innovative approach to green rehab

  2. Introduction

  3. Housing Costs Housing Costs = R + U + T + H Rent + Utilities + Transportation + Health

  4. Why Go Green? • Reduce operating costs • Energy, Water, O&M costs • Increase value of property • Increase comfort, health and safety • Increase margins/profitabilty • Savings for next 20 years go to your bottom-line • Create opportunities and jobs for local contractors • Reduce waste • Environmental benefits • Reduced GHG, Hg, SOx, NOx,…

  5. Health Benefits Results of the study: Over 90% of benefits are health Admissions to hospitals for respiratory conditions drop by 43% Days off school reduce by 23% Days off work drop 39% Psychological and stress benefits Quantitative risks to respiratory health established EECA energywise New Zealand March 14, 2012

  6. Show me the Money! Pay utility company OR Pay for green renovation

  7. A Unique Partnership Rebates Outreach Financing Grants NM MFA MF UTILITIES Sales, Project Management, M&V ICAST

  8. Utility Partners

  9. One-Stop-Shop A simple, cost-effective approach: Assessment  Scope of Work Access to Funding: Reserves + Utilities + Grants + Loan (MFA or TBL Fund) GC the construction: ICAST (GC) - WAP Agencies + Subcontractors Invoicing & Reporting: Including 1 year of M&V

  10. Fix Issues if Project did not Pan Out

  11. Simplified Process Turn-key and Hassle-Free:

  12. ResourceSmart • Portfolio Analysis & Property Assessments • Financing • Property Rehab • Green Retrofit: • EE/DSM/DR • Renewable Energy • Water Conservation • Indoor Air Quality • Tenant Engagement • O&M Whole is Greater than Sum of Parts

  13. Energy Audit

  14. Energy Audit

  15. TBL Fund • Focus - Green Rehab • Target Market: • Multifamily: Affordable Housing • Commercial: Nonprofits, Community Facilities • Geographies Served: • Rocky Mountain region(CO, NM, WY) • SouthwestUS (TX, OK, AZ)

  16. Services • Access to Financing • Grants • Below-market Debt • Average 10-year term • Fixed interest rates • 1st position or lien not required • Technical Assistance • Financial Education and Training

  17. Case Study • Green Retrofit : • Attic Insulation • Lighting • Furnaces • Water Conservation • Evap. Coolers • Appliances 20 unit Cibola Apts, Socorro, NM

  18. Case Study • Rehab : • Roof replacement • Repave Parking Lot • New Stairs • Flooring and Subflooring • ADA compliance 20 unit Cibola Apts, Socorro, NM

  19. Case Study Funding: Loan from MFA - $500K WAP Funds - $70K Other Grants - $200K 20 unit Cibola Apts, Socorro, NM

  20. Thanks QUESTIONS? ravim@icastusa.org 720-261-1086 1-866-590-4377 www.resourcesmart.org/contact

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