The problem of where to find the financing for energy efficient developments and retrofits has not been as severe on the affordable housing side, as energy savings essentially go hand-in-hand with the mission of affordable housing. But on the market rate side, the data to show evidence that spending money on energy efficient retrofits pays off for investors in the long run is simply not sufficient. And there has historically been a lack of resources.
“There’s this impression that there’s a lot of programs available for energy efficient financing, but they’re really not geared toward the multifamily market rate sector,” said Paula Cino, director of energy and environmental policy at the National Multi Housing Council (NMHC).
Read more...Green Mortgages are Making Headway - Mortgages And Banking - Multifamily Executive Magazine