Energy and Sustainability
Here is a summary of NMHC’s research and information on Energy and Sustainability
The Treasury Department and Internal Revenue Service (IRS) on May 31 issued proposed regulations regarding the low-income communities bonus investment credit program enacted as part of the Inflation Reduction Act of 2022. The proposed regulations describes definitions and requirements the Treasury Department and IRS would like to see made applicable to the Program.
On March 9, President Biden unveiled his 2024 budget proposal. The budget proposes a $300 million bump in HUD’s Home Investment Partnership Program (HOME) funding, bringing the program funding up to $1.8 billion. It also includes a $283 million increase in the USDA’s housing program, with a focus on improving the energy and water efficiency of multifamily buildings.
NMHC is partnering with Fannie Mae and other real estate organizations to help collect substantive data on energy and water consumption and costs on multifamily properties. And we need your participation to ensure ENERGY STAR® receives enough responses.
From waste and material recycling, water use and energy efficiency to renewable energy and greenhouse gas emissions, the scope of how a property is designed and operated is more critical to the bottom line than ever before. In this episode of Code 53, host Alison Johnson speaks with Elme Communities’ Senior Director of ESG, Eric Tilden, about how multifamily developers and management firms are reducing their environmental footprints and conserving resources.
- Energy Efficiency Standards Updates
- What You Need to Know: How the Reconciliation Legislation Could Impact the Multifamily Industry
- Green Building Codes
- Put a Meter on It The Why and How of Sub Metering Energy Use in Buildings Data Centers and Facilities
- Energy Efficiency in Multifamily Rental Homes: An Analysis of Residential Energy Consumption Data