Finance

It takes water to make energy and it takes energy to make water. In some buildings, the cost of water is significantly greater than the cost of HVAC+DHW energy, yet we don’t address it. Simple water retrofits can greatly increase the cash flow in a building. There are also many things that we use on a day to day basis that use immense amounts of water, and controlling this use reduces local and regional water consumption.

Join us for a session delving into the realities of using IRA incentives for multifamily decarbonization projects. A presentation of case studies will outline the most used IRA programs, ways to stack incentives, and methods for monetizing tax credits. Some programs have proven challenging to leverage, warranting an explanation of common roadblocks and potential solutions. The past two years have shown that accessing IRA programs requires expertise and resources that certain market actors lack.

NYS and NYC have created substantial resources to stand up first-in-the-nation grant and subsidy programs aimed at deeply incentivizing beneficial electrification in retrofits of existing multifamily buildings. This session will highlight three unique strategies through case studies of committed and completed projects. This session will also delve into the design and specification of systems in electrification retrofit projects, as well as data collected throughout the program design, construction, and operation processes.

Together, Climate United and Power Forward were awarded nearly $9 billion through the Greenhouse Gas Reduction Fund’s $14 billion National Clean Investment Fund. This session will dive into two of the awarded coalitions to explore how use of these federal dollars can transform capital markets and create meaningful change in the multifamily sector.

To ensure equitable decarbonization, we must engage existing communities, accelerate pre-construction planning, and streamline financial pathways. By leveraging public data, we can democratize information and automate a scope relevant to the people that need it most to participate in a just clean energy transition.

We invite you to an interactive session on financing strategies for preparing New York's affordable housing to meet the climate goals of New York State and New York City. Presenters will share insights from Sustainable Affordable Housing, a recently published white paper by the Federal Reserve Bank of New York, and present an affordable housing finance model that demonstrates the need for innovative financial tools and incentives to drive early adoption.

This session will deconstruct how collaboration is a key component in helping communities decarbonize. The Crescent Farms Community Solar Project, built atop two Staten Island churches, is backed by workforce development labor and strategic financing structures. The project is exemplary in integrating financing, design, and deep stakeholder engagement to increase accessibility of clean energy, especially in disadvantaged communities.

Join a candid discussion between innovators in the field of multifamily green financing. Panelists will share the motivations behind their institutions' efforts to spur adoption of low-carbon building design and technologies, and how access to detailed M&V and performance data has enhanced their ability to fill gaps in multifamily mortgage financing and programs.