![Page 1: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/1.jpg)
ESTHER TOPOROVSKY
Program Director
Green Communities
![Page 2: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/2.jpg)
2
Enterprise works nationally
![Page 3: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/3.jpg)
3
Operations and Maintenance
IntegratedDesign
Energy Efficiency
Location and Neighborhood
Fabric
Materials Beneficial to the Environment
Health
Water Conservation
Green Communities Criteria creates green affordable housing
![Page 4: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/4.jpg)
4
Existing properties are in need of retrofitting
o Existing buildings emit 21.6% of total U.S. CO2 emissions
o It takes 65 years for a new, energy efficient building to save
the amount lost in demolishing an existing building
![Page 5: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/5.jpg)
5
Current market barriers present challenges to retrofitting
o Imperfect information
o Multiple energy audit tools
o Lack of a comprehensive protocol
o Limited technical capacity
o Inadequate financing
o Disaggregated benefits
o Split incentives
![Page 6: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/6.jpg)
6
Public policy shapes the retrofit landscape
o ARRA $11.6 billion in Energy Efficiency Funding
o State Energy Program (SEP)
o Weatherization (WAP)
o Energy Efficiency and Conservation Block Grants (EECBG)
![Page 7: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/7.jpg)
7
Enterprise addresses retrofitting through pilot markets
A standard retrofit process that is replicable and scalable
for any market that:
o Improves property cash flow
o Improves health of residents
o Creates opportunities for green jobs
o Reduces carbon emissions
![Page 8: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/8.jpg)
8
Enterprise provides technical assistance to owners
Combined technical support includes:
oWhole-Building Analysis
oEnergy and Water Usage Data Collection
oFinancing
oAssembling Subsidy Sources
oVerification and Monitoring
oTraining and Education
![Page 9: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/9.jpg)
9
Retrofit Toolkit assists owners to evaluate properties
o Steps to Retrofit your Property
o Portfolio Evaluation
o How to Find an Auditor
o Audit Protocols and GCNA Samples
o How to Assemble a Financing Package
o Construction
o Verification and Monitoring
![Page 10: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/10.jpg)
10
Enterprise Audit Protocols provide a building assessment
Enterprise Audit Protocols (GCNA & EEWC)o Building owners, Lenders, Subsidy Providers
Establisho Clear guidelines to evaluate potential retrofit of a building
Methodology for an audit that provideso Transparencyo Consistencyo Underwritable Savings
![Page 11: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/11.jpg)
11
Financing determines which audit protocol to use
o Ad-On Financing
Property takes on additional debt/or grant funds which is paid back by operational savings of the improvements
o 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
![Page 12: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/12.jpg)
12
Ad-On Financing is challenging
o Owner unwilling to take on debt
o Unfamiliar product
o Real Data to prove actual savings
o 50% to 70% subsidy required
![Page 13: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/13.jpg)
13
Enterprise is targeting mortgage refinancing for retrofits
Green Mortgage Modifications - Working with public and private agencies to explore:
o Underwriting enhancements - Bridge Loan Product
o Market Transformations - Green Refinance Plus Program
![Page 14: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/14.jpg)
14
Enterprise provides solutions through on the ground work
Challenges
o Financing Retrofit Improvements
o Assembling Many Different Types of Funding Sources
o Developing Partner Capacity
Solutions
o Multi family Mortgage Financing
o Policy Changes
o Standardized Protocol
![Page 15: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/15.jpg)
15
Our Progress
o Retrofit Fund – leveraged $30mmm
o Audits – completing audits on 124 buildings and 6,564
units by end of year
o Loans – closing on 6 loans by end of year
o Retrofit Toolkit – creating an online one-stop-shop for
developers to access free materials to retrofit their
properties
![Page 16: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/16.jpg)
16
Benchmarking our portfolio will track savings
![Page 17: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/17.jpg)
Green Communities Offset Funding for Retrofits
![Page 18: ESTHER TOPOROVSKY Program Director Green Communities](https://reader035.vdocuments.site/reader035/viewer/2022070417/568154f3550346895dc2e72a/html5/thumbnails/18.jpg)