There is no single retrofit that is a panacea for all multifamily buildings. There are myriad options and permutations for upgrades, the efficacy of which is defined by the operational needs, budget, and goals set by the owner. With that in mind, we will examine six retrofits popular with SWA clients in this three-part blog series. Read more
Do you live in DC? Do you own, manage or reside in a multifamily building? If so, we would love to get your feedback!
The District of Columbia’s Department of Energy and Environment (DOEE) has engaged Steven Winter Associates to gain feedback from multifamily owners, managers and residents about their energy and water usage. To start off, we’re conducting brief surveys (10-minutes max), and hope this effort will have positive outcomes for future multifamily projects in DC by raising awareness of green/energy efficiency initiatives.
Survey responses will inform the potential development of a voluntary energy and water conservation program tailored exclusively for the multifamily rental sector in the District. This program will include a customized toolkit to engage residents and building managers in improving energy and water efficiency. It will also encourage participation in a peer-to-peer energy and water reduction competition.
Fannie Mae recently reinforced their commitment to growing the green multifamily sector with the announcement of a reduction in interest rates for mortgage loans used to finance properties certified through a recognized green building rating system. There’s detailed information available on their website, but here’s a simple breakdown of the initiative using the 5 W’s:
Who: Fannie Mae Multifamily borrowers, developers, designers, and occupants
What: 10 basis point reduction in mortgage loans for multifamily properties certified through a recognized green building rating system (LEED, ENERGY STAR®, Enterprise Green Communities, etc.)
Where: Multifamily projects nationwide
When: Immediate implementation. Through existing green initiatives, Fannie Mae has already financed $130 million in Green Loans to properties with a Green Building certification
Why: Strengthens market for high-performance building design; Reduces financial risk for property owners; Raises property value with high performance upgrades
Visit the overview page for detailed information on Fannie Mae’s entire portfolio of Green Initiatives