Greening Existing Communities
Why is it important to green existing communities?Enterprise believes all residents and owners of affordable housing should have access to healthy, energy and water efficient homes. Yet, research shows that our existing infrastructure accounts for 40 percent of national energy consumption, and represents the largest share of global warming pollution in the United States.
Fortunately we know that improving existing buildings through energy and water efficiency upgrades (retrofits) offers multiple benefits: savings for property owners and residents, higher performing assets for developers and investors, and increased health for residents and communities.
To date: Enterprise experience with retrofitsThrough its national 2020 Call to Action Enterprise is challenging the affordable housing industry to green all publicly subsidized housing within the decade. To accomplish this goal we have made it a priority to address the existing multifamily building stock.
In 2009, Enterprise sought to understand barriers and solutions for greening the existing building stock through its Green Multifamily Retrofit Program, which provided over $30 million in capital and technical support to 10,000 units of housing across the country.
What did we learn? Housing owners need an integrated and simplified platform of retrofit services, access to multiple finance vehicles, resources to build capacity and the ability to analyze entire portfolios.
The future: greening existing communitiesEnterprise is developing, supporting and testing green service business models nationwide. With initial funding from a HUD Energy Innovation Award, Enterprise formed the National Multifamily Energy Services Collaborative with the Center for Neighborhood Technology Energy, PartnerPrep, LINC Housing and the Hispanic Housing Development Corporation (HHDC) to explore a new green services delivery model targeted to affordable housing owners.
Through our $5.5 million Bank of America Energy Efficiency Finance Program and the Fannie Mae Green Refinance Plus loan, Enterprise is testing new finance solutions.
And, as a national intermediary, we are convening and supporting an open source collaboration: Green Services Learning Network to support market innovation related to green services and leverage our national reach and local access to scale solutions toward market adoption.
Enterprise Community Partners Multifamily Retrofit Toolkit
The Toolkit distills Enterprise’s experience retrofitting multifamily affordable housing into the critical steps necessary for success. It is a roadmap for multifamily housing owners, investors, and developers which outlines a comprehensive, cost-effective approach to retrofit.
To learn more about the process download The Step-By-Step Retrofit Process PDF.
How to Use this on-line ToolkitThis step-by-step process can be used in three ways:
- Portfolio Approach - Assists you in developing an action plan to increase the efficiency of your portfolio through selective application of retrofits and related tools
- Project Approach - Assists you in taking one project through a streamlined, cost effective, efficient retrofit process
- Midway through process and/or near completion - Use as a toolkit at any point during the retrofit process in order to make smart and cost-effective decisions
The Stages of the Retrofit Process with ResourcesThe resources provided here guide you through the stages of upgrading your portfolio or property. Each stage has specific directions with tools to assist you.
The Step-By-Step Retrofit Process
Download the complete Multifamily Retrofit Toolkit in PDF format. It contains The Step-By-Step Retrofit Process document, additional documents, attachments, links and additional toolkits contained in steps 1-9 above.