1 green initiative huds office of affordable housing preservation (oahp) iped – enterprise chicago...
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Green InitiativeGreen Initiative
HUD’s Office of Affordable HUD’s Office of Affordable Housing Preservation (OAHP)Housing Preservation (OAHP)
IPED – Enterprise Chicago IPED – Enterprise Chicago August, 2008August, 2008
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HUD’s Green InitiativeHUD’s Green Initiative
Introduced at IPED-Enterprise in San Introduced at IPED-Enterprise in San Francisco, July, 2007 Francisco, July, 2007
A pilot initiative to encourage owners of A pilot initiative to encourage owners of affordable, multifamily properties to affordable, multifamily properties to rehabilitate and operate their properties rehabilitate and operate their properties using sustainable Green Building using sustainable Green Building principles.principles.
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Some HUD BackgroundSome HUD Background Energy Efficiency EffortsEnergy Efficiency Efforts Office of Healthy HomesOffice of Healthy Homes The Mark-to-Market (M2M) ProgramThe Mark-to-Market (M2M) Program
Created by Congress in 1997Created by Congress in 1997 Preservation of Existing Housing StockPreservation of Existing Housing Stock Rehabilitates Section 8 PropertiesRehabilitates Section 8 Properties Restructures Underlying Mortgage DebtRestructures Underlying Mortgage Debt 1,700 Properties with over 150,000 Units Completed 1,700 Properties with over 150,000 Units Completed
to Dateto Date
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Why pilot Why pilot GreenGreen in M2M?in M2M? Challenges of bringing green to most of the HUD-Challenges of bringing green to most of the HUD-
assisted portfolioassisted portfolio. .
Opportunity to fund these efforts in a Opportunity to fund these efforts in a representative sample of the HUD portfoliorepresentative sample of the HUD portfolio..
Ability to collect real data from within the HUD Ability to collect real data from within the HUD portfolio for broader applicationportfolio for broader application..
M2M property owner incentives to go green.M2M property owner incentives to go green. The Pilot Program works within existing M2M The Pilot Program works within existing M2M
statutes and regulations, and within current budget statutes and regulations, and within current budget authoritiesauthorities. .
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Project Eligibility for the Initiative:Project Eligibility for the Initiative: All M2M properties are eligibleAll M2M properties are eligible
55 properties/over 5,700 apartment units currently in 55 properties/over 5,700 apartment units currently in the pilotthe pilot
Requirements for a Green M2M Restructure:Requirements for a Green M2M Restructure: Physical Condition AssessmentPhysical Condition Assessment Green Rehab (Baseline, Fixed, and Variable)Green Rehab (Baseline, Fixed, and Variable) Green R4R plan – 20 Year Physical NeedsGreen R4R plan – 20 Year Physical Needs Green Operations & Maintenance (O&M) PlanGreen Operations & Maintenance (O&M) Plan Staff and Contractor Certification RequirementsStaff and Contractor Certification Requirements
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Owner IncentivesOwner Incentives
Reduced Owner Contribution to RehabReduced Owner Contribution to Rehab From 20%, to as little as 3% of Rehab CostsFrom 20%, to as little as 3% of Rehab Costs Applied to All Systems, Appliances, and Applied to All Systems, Appliances, and
Components that meet the Green StandardComponents that meet the Green Standard Increased Incentive Performance Fee (IPF)Increased Incentive Performance Fee (IPF)
Up to 50% IncreaseUp to 50% Increase Admin Fee Allowed from Additional FundsAdmin Fee Allowed from Additional Funds
Incentive to Owners to Seek GrantsIncentive to Owners to Seek Grants Potential Cash Flow Increase from SavingsPotential Cash Flow Increase from Savings Improved PropertyImproved Property
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1 property 84 units
1 property
50 units
3 properties289 units
4 properties 416 units
4 properties1397 units
6 properties516 units
3 properties 229 units
5 properties480 units
4 properties268 units
1 property70 units
1 property52 units
1 property26 units
2 properties78 units
1 property145 units
2 properties138 units
3 properties302 units
1 property25 units
4 properties322 units
2 properties198 units
1 property218 units
2 properties140 units
1 property73 units
2 properties203 units
M2M Green Initiative – Status at June 23, 2008
23 states 53 cities 55 properties 5,719 units
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For More Information on HUD’s For More Information on HUD’s Green Initiative:Green Initiative:
OAHP Green Website: OAHP Green Website: http://http://
hudstage.hud.gov/offices/hsg/omhar/paes/greenini.cfmhudstage.hud.gov/offices/hsg/omhar/paes/greenini.cfm
OAHP Resource Desk Q&A: OAHP Resource Desk Q&A: www.oahp.netwww.oahp.net// (Free Registration)(Free Registration)
Contact for Green Initiative Information: Contact for Green Initiative Information: [email protected]@HUD.GOV
[email protected]@[email protected]@HUD.GOV