In our October 2019 discussion brief, our working group outlined why climate resilience is important to all multifamily affordable housing stakeholders and how housing lenders can help drive a...
In this update, LIIF provides an overview of and lessons learned from two models LIIF designed and implemented that could be viable platforms for at-scale multifamily energy retrofit finance. The models are (1) the Bay Area Multifamily Fund (BAM), which launched in 2010 in partnership with the San Francisco Mayor’s Office of Housing and Enterprise Community Partners with the goal of reducing transaction costs and increasing ease of use, and (2) the Energy Performance Contracting pilot, a partnership between LIIF and Stewards of Affordable Housing for the Future that aims to set the stage for portfolio-level transactions. A third model mentioned (just launched at time of writing) is the Ratepayer Integrated On-bill Payment Program (RIOPP) Pre-development Pilot, a partnership with SAHF, the California Housing Partnership Corporation (CHPC), and the MacArthur Foundation.