1 / 18

ESTHER TOPOROVSKY Program Director Green Communities

ESTHER TOPOROVSKY Program Director Green Communities. Enterprise works nationally. Integrated Design. Water Conservation. Materials Beneficial to the Environment. Energy Efficiency. Health. Location and Neighborhood Fabric. Green Communities Criteria creates green affordable housing.

nirav
Download Presentation

ESTHER TOPOROVSKY Program Director Green Communities

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. ESTHER TOPOROVSKY Program Director Green Communities

  2. Enterprise works nationally

  3. IntegratedDesign Water Conservation Materials Beneficial to the Environment Energy Efficiency Health Location and Neighborhood Fabric Green Communities Criteria creates green affordable housing Operations and Maintenance

  4. Existing properties are in need of retrofitting Existing buildings emit 21.6% of total U.S. CO2 emissions It takes 65 years for a new, energy efficient building to save the amount lost in demolishing an existing building

  5. Current market barriers present challenges to retrofitting • Imperfect information • Multiple energy audit tools • Lack of a comprehensive protocol • Limited technical capacity • Inadequate financing • Disaggregated benefits • Split incentives

  6. Public policy shapes the retrofit landscape • ARRA $11.6 billion in Energy Efficiency Funding • State Energy Program (SEP) • Weatherization (WAP) • Energy Efficiency and Conservation Block Grants (EECBG)

  7. Enterprise addresses retrofitting through pilot markets A standard retrofit process that is replicable and scalable for any market that: • Improves property cash flow • Improves health of residents • Creates opportunities for green jobs • Reduces carbon emissions

  8. Enterprise provides technical assistance to owners Combined technical support includes: • Whole-Building Analysis • Energy and Water Usage Data Collection • Financing • Assembling Subsidy Sources • Verification and Monitoring • Training and Education

  9. Retrofit Toolkit assists owners to evaluate properties • Steps to Retrofit your Property • Portfolio Evaluation • How to Find an Auditor • Audit Protocols and GCNA Samples • How to Assemble a Financing Package • Construction • Verification and Monitoring

  10. Enterprise Audit Protocols provide a building assessment Enterprise Audit Protocols (GCNA & EEWC) • Building owners, Lenders, Subsidy Providers Establish • Clear guidelines to evaluate potential retrofit of a building Methodology for an audit that provides • Transparency • Consistency • Underwritable Savings

  11. Financing determines which audit protocol to use • Ad-On Financing Property takes on additional debt/or grant funds which is paid back by operational savings of the improvements • Retrofit Mortgage Refinancing Mortgage proceeds from the refinance pay for retrofit improvements, and debt is paid back by the energy and water cost savings, over the life of the mortgage

  12. Ad-On Financing is challenging • Owner unwilling to take on debt • Unfamiliar product • Real Data to prove actual savings • 50% to 70% subsidy required

  13. Enterprise is targeting mortgage refinancing for retrofits • Green Mortgage Modifications - Working with public and private agencies to explore: • Underwriting enhancements - Bridge Loan Product • Market Transformations - Green Refinance Plus Program

  14. Enterprise provides solutions through on the ground work Challenges Financing Retrofit Improvements Assembling Many Different Types of Funding Sources Developing Partner Capacity Solutions Multi family Mortgage Financing Policy Changes Standardized Protocol

  15. Our Progress • Retrofit Fund – leveraged $30mmm • Audits – completing audits on 124 buildings and 6,564 units by end of year • Loans – closing on 6 loans by end of year • Retrofit Toolkit – creating an online one-stop-shop for developers to access free materials to retrofit their properties

  16. Benchmarking our portfolio will track savings

  17. Green Communities Offset Funding for Retrofits

More Related