September 23, 2020         
House Legislation Will Provide Programs to Support Coordinated, Comprehensive Care for U.S. Veterans with Prostate Cancer   •   5 Greenberg Traurig Attorneys Honored at the Euromoney 'Women in Business Law Awards Americas' 2020   •   Laird Superfood Announces Pricing of Initial Public Offering   •   Safe Kids and Union Pacific Railroad Encourage Parents to Learn the Facts and Talk to Kids During National Rail Safety Week   •   Dove And The Crown Coalition Applaud U.S. House Of Representatives Passing The Crown Act   •   FCNL Congratulates House on Savanna’s Act and Not Invisible Act Passage   •   Walmart Announces Plans to Meet the Changing Needs of Customers This Holiday Shopping Season   •   Seven Million American Women of Childbearing Age Live in Counties with Limited or No Maternity Care, Contributing to Maternal an   •   Citi Private Bank Survey Finds Caution, Cash Conservation and COVID-19 Driving Investor Sentiment Into 2021   •   GEICO’s Lakeland Office Seeking Bilingual Associates   •   Sec. Mike Pompeo, Sen. Josh Hawley to Speak on First Night of Family Research Council Action's Values Voter Summit 2020   •   The Geena Davis Institute on Gender in Media and Movio Reveal Research Determining the On-Screen to Cinema Audience Relationship   •   Nutrition for Longevity Launches Ready Made Meals for Home Delivery   •   FAVER to Raise Early-Round Capital to Launch App Focused on Giving, Getting and Organizing Trusted Recommendations   •   Government Invests in Clean Energy Initiatives in Yukon   •   New Citi GPS Report Estimates $16 Trillion in Lost GDP Due to Racial Inequality in the United States   •   Attention Gen- Zers!! Help Make a Difference in Your Community with $2,500 from Pop-Tarts and United Way   •   Cano Health Inaugurates First Medical Center In San Antonio On Saturday, September 26   •   CURE Media Group Announces Winners of the Inaugural 2020 Lung Cancer Heroes™ Awards   •   Tampa-based Senior Living operator, Inspired Living to launch first Independent Living brand, Inspirations at the Town Center
Bookmark and Share

Affordable Housing Goes Green In CA

 

State of California Awards State Energy Program Funding to San Francisco Mayor's Office of Housing, Enterprise and Low Income Investment Fund

 

Public-Private Partnership Receives $3 Million to Retrofit Affordable Homes for Energy Efficiency

SAN FRANCISCO,  -- The State of California awarded $3 million in funding from the State Energy Program (SEP) to a partnership of the San Francisco Mayor's Office of HousingEnterprise Community Partners, Inc.(Enterprise) and the Low Income Investment Fund (LIIF). The award is the first of its kind to bring the benefits of energy efficiency and green retrofits to Bay Area families living in affordable housing and will result in the retrofit of 26 buildings over the next two years.

The new Affordable Multifamily Retrofit Initiative will leverage the initial award amount to create a $4 million green retrofit loan fund, infusing private capital into this underserved market. Beginning this spring, the Affordable Multifamily Retrofit Initiative will provide technical support and loans to projects in the cities of San FranciscoBerkeley and Oakland as well as other Bay Area jurisdictions. Loans will finance energy and water efficiency improvements to existing, older affordable multifamily housing developments and be repaid through savings on utility expenses. Loan repayments will revolve back into the community to fund additional projects. The initiative is projected to serve 1,300 apartments in the targeted areas, reducing energy and water consumption by at least 25 percent.

"The Affordable Multifamily Retrofit Initiative supports the City of San Francisco's continued efforts to ensure every resident has a healthy, energy efficient home," said Doug Shoemaker, director, San Francisco Mayor's Office of Housing. "We are pleased to work with leaders like Enterprise and LIIF that bring financial and technical expertise to greening affordable multifamily housing in the Bay Area."

To bring green affordable housing to scale, Enterprise launched the next generation of Enterprise Green Communities, a$4 billion commitment to accelerate green affordable housing nationwide and a national call to action to public, private and nonprofit sectors to make all affordable housing green by 2020. Modeled after the Enterprise green retrofit pilot program initiated last spring, the Affordable Housing Multifamily Retrofit Initiative will fill a necessary need in the Bay Area.

"Retrofitting multifamily properties is a critical issue in the affordable housing sector," said Rich Gross, vice president and Northern California Impact Market Leader, Enterprise. "This initiative will provide building owners with the much needed financing to create health, economic and environmental benefits to the community."

"For over 25 years, the Low Income Investment Fund has looked for innovative ways to increase capital investment in high quality affordable homes for low income families. The Affordable Multifamily Retrofit Initiative opens up a new channel for capital so that affordable multifamily building owners and residents can reap the benefits of greener facilities," said Kim Latimer-Nelligan, chief operating officer, LIIF. "LIIF looks forward to working with exceptional partners in the San FranciscoMayor's Office of Housing and Enterprise on this initiative, which will provide significant economic and health benefits to the communities we serve."

The San Francisco Mayor's Office of Housing will oversee program administration. Enterprise and LIIF will jointly administer the loan fund. The partners will place a strong emphasis on gathering data to prove the viability of underwriting loans based on projected energy savings in this market.

Until now, private investment has been incredibly limited in northern California for making energy improvements to affordable housing. The Affordable Multifamily Retrofit Initiative will fill this gap and ensure that the Bay Area's low income families and neighborhoods receive the health and economic benefits of living in greener homes. It will also take advantage of a significant opportunity to conserve resources and reduce carbon emissions, benefiting all Californians.

 

SOURCE Enterprise Community Partners, Inc.



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News