Washington DC — In December 2013, the Department of Housing and Urban Development and the Department of Energy announced an expansion of the Better Buildings Challenge to include market-rate and affordable multifamily properties. Owners of commercial, industrial, and now multifamily properties who are leaders in improving energy efficiency may become partners in the challenge and access capital made available by private-sector partners. Sixteen HPN members have joined the Obama Administration partnership to improve energy efficiency in Americas cities, with many on hand for the launch event that took place at the White House on December 3, 2013.
Initially launched in December 2011, the Challenge strives to improve Americas energy efficiency by bringing businesses, schools, governments, and nonprofits together to share data and best practices on improving energy efficiency in their communities. By collaborating to overcome barriers to innovation and progress, the Administration aims to bring about a 20 percent reduction in energy use in American buildings by 2020.
Among the new partners in the Challenge are 50 market-rate and affordable housing owners, including the Housing Partnership Equity Trust and sixteen HPN members: ACTION Housing; Aeon; BRIDGE Housing Corporation; Community Housing Partners; Eden Housing; Hispanic Housing Development Corporation; Homes for America; LINC Housing Corporation; Mercy Housing, Inc.; National Church Residences; National Housing Trust; NHP Foundation; Preservation of Affordable Housing; REACH Community Development; Tenderloin Neighborhood Development Corporation; and The Community Builders, Inc. The Low Income Investment Fund (LIIF) has also joined as a financial ally.
The Challenges multifamily partners were selected because of their experience working with a wide range of stakeholders and funding sources, as well as their progress in incorporating energy-efficient strategies in their projects. To learn more about the program, click here.