Multifamily Energy Innovation Fund

 

The primary purpose of the Program is to stimulate innovative approaches for increasing the energy efficiency of existing multifamily residential properties that can be replicated by others. HUD expects that outcomes of the Program will include: a. Reduced energy consumption in multifamily residential properties, with resulting savings for families, property owners, and in some cases the Federal government, and lower greenhouse gas emissions. b. Increased private investment to support energy efficiency in such properties. c. Green jobs in construction, property management, and technical analysis (e.g., energy audits, building commissioning), including job opportunities for low-income people. d. Acquisition and analysis of data on the costs, benefits, challenges, and opportunities associated with retrofitting such properties. e. Approaches for retrofitting such properties that can be scaled up, applied more widely and adopted by other parties. f. Approaches that propose solutions to the disparity among the parties when their financial or other interests are not the same, such as the difference in perspective when utilities are paid only by the ownership or only by the tenants, i.e., the so-called ?split incentives? issue.

Deleted 03/27/2024 (Archived.) 14.319 Office of Housing-Federal Housing Commissioner, Department of Housing and Urban Development B - Project Grants Not applicable. Consolidated Appropriations Act of 2010, Public Law 111-117 This program is directed at the multifamily housing market, to catalyze innovations in the residential energy efficiency sector that have promise of replicability and to help create a standardized home energy efficient retrofit market. Must be related to eligible multifamily housing. In the application for funding from this Grant Program, Letters of Commitment are required to provide evidence of funds for matching and leverage. Owners must show evidence of control of subject properties and of managing or directing programs impacting a minimum of 1000 units of affordable housing when required for eligibility. Environmental certifications will be required for properties receiving grant money. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Electronic applications through Grants.gov Applications will be rated and ranked in the category of financing demonstration or the category of applied research demonstration. The ratings factors are: Applicant's Relevant Experience and Capacity, Soundness of Approach, Matching Funds and Leveraging above the Matching Funds Requirement, Low Income Housing Needs, Sustainable Solutions. Applicants are eligible to apply for and receive up to 2 bonus points related to work to support RC/EZ/ECs. October 14, 2011 see the Notice of Funding see the Notice of Funding Not applicable. Not applicable. Not applicable. The Notice of Funds Availability (NOFA)provides the selection criteria for scoring that is used for rating and ranking. An excerpt from the NOFA follows: -Financing Demonstrations. The maximum number of points to be awarded for the Multifamily Energy Pilot Financing Demonstrations is 100. The minimum score for an application to be considered for funding is 75 points. The Program is subject to bonus points, as described in the General Section requirements for FY2010. Two bonus points may be awarded for work that benefits an RC/EZ/EC . Rating Factor 1: Applicant's Relevant Experience and Capacity Rating Factor 2: Soundness of Approach Rating Factor 3: Matching Funds and Leveraging above the Matching Funds Requirement Rating Factor 4: Low Income Housing Needs Rating Factor 5: Sustainable Solutions . -Applied Research Demonstrations. The maximum number of points to be awarded for the Multifamily Energy Pilot Applied Research is 100. The minimum score for an application to be considered for funding is 75 points. The Program is subject to bonus points, as described in the General Section requirements for FY2010. Two bonus points may be awarded for work that benefits an RC/EZ/EC. Rating Factor 1: Applicant's Relevant Experience and Capacity Rating Factor 2: Soundness of Approach ( Rating Factor 3: Leveraging Funds above the Matching Funds Requirement Rating Factor 4: Low Income Housing Needs Rating Factor 5: Sustainable Solutions . Awards will be made in each of two different categories, Financing Demonstrations and Applied Research Demonstrations. --Financing Demonstrations are initiatives that demonstrate innovative methods for financing retrofits of multifamily properties that achieve the criteria described in this NOFA. Financing Demonstrations must offer a plan to achieve both of the following: a. Leverage additional capital; and b. Test new ways of funding retrofit improvements. Examples of eligible financing demonstrations are: (1) energy retrofit financing vehicles providing investor equity; (2) loan loss reserves; interest rate reductions; (3) secondary financing; loan guarantees; secured and unsecured loans; (4) energy-related revolving loan programs; (5) on-bill utility repayment programs or other mechanisms; and (6) power purchase agreements, energy performance contracts, or similar financing structures. --Applied Research Demonstrations are initiatives that demonstrate innovative and scalable methods of defining and implementing a solution to a longstanding barrier to multifamily residential retrofits that is not primarily financial in nature. The barrier could be behavioral, structural, regulatory, or related to availability of information or options. Applied Research Demonstrations must apply a proposed solution to an actual property or group of properties and be applicable to other similar properties. Examples of Applied Research are: a.Solutions that provide more information on and greater owner and/or tenant control over energy use; b.Solutions that convert properties from master metered/owner paid utilities to individually metered/tenant paid utilities that result in efficiencies and savings, or vice versa; and c.Conservation practices and solutions that address the problem of split incentives by creating incentives for parties that promote investment strategies for energy improvements. Performance Reports: All Grantees must report to HUD quarterly, within 30 days of the end of a calendar quarter (3/31, 6/30, 9/30, and 12/31), in formats approved by HUD. If there are fewer than 45 days remaining in the quarter in which the grant agreement documents are signed, then the first quarterly reports will be due 30 days after the second calendar quarter date subsequent to the award date. Quarterly report requirements are as follows: a. Report on the status of the milestones in the Work Plan, comparing the schedules for milestone completion and expenditures to actual activity. b. Report on the dollar amount of funds expended to date, the amount of sub-awards made, and the amount of funds remaining. The report must provide information for total expended, federal dollars expended , and for non-federal funds expended. Grantees will submit an expanded and updated the Sources and Uses to present this information. c. .Report on Program Income as per applicable program income rules as stated in the terms and conditions of the grant agreement. d. For Financing Demonstrations only awards that create a revolving loan fund report on matching dollars for grant activities at the project loan level. Provide information sufficient to demonstrate compliance with the requirement for a property owner to utilize $1 of matching funds for every $1 of financing borrowed from the Grantee’s revolving loan fund. e. Report to address management questions. HUD is interested in understanding and reporting on the effects of the grant activities on the macro level. Therefore, the fourth quarterly report for each funding year shall be an annual report and shall include regular quarterly reporting described above plus the following additional information. The Grantee will report on: (1) The number of units and the number of properties receiving energy retrofits. (2) The energy consumption and costs prior to retrofit in properties receiving energy retrofits. (3) Specific retrofit measures being applied. (4) Estimated and actual costs of the retrofit measures. (5) Energy consumption reductions anticipated and, when completed, as achieved after project retrofits. (6) Financial savings from improved energy efficiency for the property and for residents. (7) Financial structures utilized to finance energy improvements and the associated transaction costs. 2. Final report. The final report to HUD is due 60 days after the end of the project period. As part of the final report, the Grantee will provide all closeout documents requirement by HUD. The report will provide a final summary of program activities and outcomes including: a. A review of actual outcomes compared to anticipated outcomes. The review should refer to the original problem statement, methodology, and replicability discussions provided in the application abstract and compare the outcomes of the Program activity to the original expectations. b. A discussion of lessons learned, including consideration of anticipated and unanticipated problems and solutions. c. A discussion of the benefits that resulted from the Program activity. 3. Report to address Section 3 requirements. 24 CFR Part 135 Subparts B and E-direct reporting and recordkeeping requirements for Section3 and such reports should be submitted to HUD as part of the quarterly reporting. 4. Reports required for release of HUD funds. Grantees are required to have HUD approval before making any withdrawal of grant funds from the eLOCCS system. Not applicable. Recipients should maintain records of all financial transactions, including salaries, expenses, and contracting records. Statutory formula is not applicable to this assistance listing.

Matching is voluntary. Participation in the Energy Innovation Program requires that a successful applicant (Grantee) has matching funds to complement grant funds. The level of funding that an applicant must demonstrate to be considered for participation is as follows: a. Applicants for Financing Demonstrations must demonstrate that they have acquired matching funds of at least $2 of private, non-governmental (other than federal, state, local, or tribal) capital for every $1 requested, and will be required to bring additional matching funds of $1 for every $1 loaned at the project level. b. Applicants for Applied Research Demonstrations must demonstrate that they have acquired matching funds of at least $1 of private, non-governmental capital (other than federal, state, local, or tribal) for every $1 requested.

MOE requirements are not applicable to this assistance listing. All awards will be made for a period of performance not to exceed 24 months commencing upon award execution. HUD uses the Line of Credit Control System (LOCCS) to release the funds. None/Not specified. Beverly N. Rudman
451 7th street SW
Room 6230
Washington, DC 20410 US
beverly.n.rudman@hud.gov
Phone: 202-402-8395 http://www.hud.gov 86-0401-0-1-272 (Cooperative Agreements) FY 12 est $24,750,000.00; FY 10$0.00; FY 11 est $0.00; - This is a competitive funding program with FY2010 money expected to be obligated in FY2012. We expect to make awards ranging from $2.5 to $7 million. For the total amount we expect to make between five and 10 awards. The guidelines are in the Notice of Funds Availability. Not applicable.