Council for Energy Friendly Affordable Housing (CEFAH) is a working group of some of the most active owners and managers of affordable housing. The Council will retain legal and technical expertise to identify policy changes that could be made by Congress, HUD and state agencies to help encourage and finance energy conservation improvements. Approximately $5 billion – nearly 15% of HUD’s budget -- is spent annually on energy costs in assisted housing. Reducing this amount would free up a considerable sum of money for more productive uses. NH&RA launched CEFAH as a means to achieve policy changes to affordable housing programs that will facilitate owners’ abilities to retrofit and upgrade properties to achieve a higher degree of energy efficiency and utility cost savings.
Our goal is to identify areas where significant savings could be found and work with policymakers to obtain regulatory and legislative changes that make such improvements feasible and permissible. A few examples of actions that could be taken are adjusting HUD policies governing the use of replacement reserves and residual receipts, establishing a supplemental loan program for energy retrofit financing, and educating housing officials on which energy efficiency improvements make sense to support.
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A jail constructed in 1813 in Salem, Massachusetts converted to market rate apartments; a one-time Inn and girls finishing school in Silver Spring, Maryland re-conceived as affordable residences; and 19th century brewery buildings in both East Baltimore and Milwaukee now filled with corporate offices are all among the finalists for the 2010 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation.
The National Housing & Rehabilitation Association has announced fourteen finalists in six categories for this year’s “Timmy Awards,” which will be presented at an awards luncheon and ceremony on October 19 in Boston, Massachusetts in conjunction with the association’s Annual Fall Developers Forum. The nominees are located in fourteen different communities in ten states from Massachusetts to Kentucky... read more
Date Published: 09/10/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit, State Tax Credits, Affordable Housing, Historic Rehabilitation, Multi-Family Finance, Green/Sustainable Housing, Market Rate Housing
The U.S. Department of Housing and Urban Development has designated Difficult Development Areas (DDAs) for 2011 for purposes of the Low-Income Housing Tax Credit (LIHTC) program. read more
Date Published: 09/10/2010
Tags: HUD, Affordable Housing, LIHTC, Tax Credits
The U.S. Senate failed to clear a critical procedural hurdle on a new compromise version of HR 4213, the American Jobs and Closing Tax Loopholes Act of 2010 (Tax Extenders Legislation) on June 24. It is unclear when the measure will be taken up again. The current version of the measure includes a number of key tax credit provisions... read more
Date Published: 09/08/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit, LIHTC, NMTC, IRS/Tax Issues, Congress, Multi-Family Finance
Following up on a meeting held earlier in June with representatives from Obama Administration’s Domestic Policy Council, Council For Environmental Quality and Recovery Implementation Office, NH&RA’s Council for Energy Friendly Affordable Housing (CEFAH) has issued a set of recommendations to amend the rules governing the Department of Energy’s Weatherization Assistance Program (WAP). read more
Date Published: 09/08/2010
Tags: HUD, Affordable Housing, LIHTC, Tax Credits, Green/Sustainable Housing
Yesterday, the House Financial Services Committee advanced two proposed bills to preserve affordable rental housing and revitalize public housing. read more
Date Published: 09/08/2010
Tags: Affordable Housing, Public Housing, Congress, Green/Sustainable Housing, Hope VI
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