Energy Retrofits Improve Affordability

The Spring 2017 issue of HUD’s Evidence Matters features the Energy Savers program model as a way to decrease utility costs and maintain affordable housing. Pioneered by Preservation Compact partners, Elevate Energy and Community Investment Corporation in 2007, the program offers free energy assessments for multifamily buildings and low cost financing for energy saving improvements.

To date, the Energy Savers program has completed assessments on 61,800 units and retrofitted 26,900 units. CIC has provided $23.6 million in financing to retrofit 10,000 units. A typical investment of only $3,000 per unit can save 25-30% on a building’s energy bills. To read the full article, click here.