In a recent webcast, Doug Bibby, president of the National Multifamily Housing Council (NMHC), headquartered in Washington, D.C., joined Jay Parsons and Greg Willett of MPF Research to talk about issues of interest to the multifamily industry.
In discussing the on-going shortage of income-restricted/designated-affordable housing, Bibby emphasized the importance of the Low Income Housing Tax […]
Over 80 percent of California apartment residents don’t directly pay for the water they consume in their home. Without an idea of how much water they use, it’s impossible for residents to have any real understanding of how to best scale back consumption. That, however, is about to change.
As legislators and supporters see it, […]
Protecting and improving the Low Income Housing Tax Credit is critical to the future of affordable housing.
The Low-Income Housing Tax Credit (LIHTC) remains the most important resource for producing affordable housing in the U.S. Created by the Tax Reform Act of 1986, the LIHTC program, which is administered through state and local allocating agencies, […]
Billions of dollars of energy saving potential are sitting in our nation’s multifamily buildings. A study by McKinsey and Company estimated that the capital required to unlock energy efficiency opportunities in our nation’s low-income residential buildings between 2009 and 2020 is approximately $46 billion, and would provide a present value of $80 billion in savings.
The annual Energy Summit held in Washington, D.C. in Q1 of this year had a rather tall agenda. Never before has the world of utility management been more inundated with new legislation, regulation or challenge. Multifamily stands at the very threshold of the Administration’s Climate Change Initiative, the EPA’s quest for more and better data […]
U.S. Environmental Protection Agency (EPA) awarded its first ENERGY STAR certification to 17 apartment buildings in the fourth quarter of 2014.
From New York to Seattle, pioneering owners and their buildings were recognized for the superior energy efficiency of their sites, thereby increasing affordability, protecting public health and tempering climate change. The number of ENERGY […]
One thing we know for sure–It will take a long time for the country to adjust to the drought across the western states, particularly in California. But this is about more than California. It’s about economics. And it’s about apartment utilities.
First, economics: California is the largest federal taxpayer of all U.S. states, paying more […]
Submetering enables utility cost recovery as it allows utility billing providers like NWP to allocate utility charges to residents based on actual consumption, helping property owners recover several hundred dollars per unit in annual operating expense.
Submetering increases property value because it is a capital investment that leads to increased recurring revenue. You gain resident […]
Amory Lovins was right. In 1989, the American physicist noticed a misprint in a report of the Colorado Public Utilities Commission: negawatt for megawatt (MW). He borrowed the word to describe power saved through conservation or efficiency measures, and argued that these were the best way to meet rising demand for power, both for […]
Last year brought about a number of interesting developments in the energy industry. Here are five key trends we’ll be watching closely in 2014.
Energy efficiency policies continue to spread worldwide
The introduction of new energy efficiency policies and regulations was widespread in 2013—and that momentum appears poised to continue around the […]