Building Green: Energy and Water Efficiency Are More Important Than Ever in Affordable Housing Developments

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Tax Credit Advisor, January 2012: Staying current on green building and energy efficiency requirements and techniques, funding sources and incentives to pay for improvements, and steps for effective operation and maintenance are more essential than ever for the successful construction and rehabilitation of affordable multifamily rental housing projects.

In the low-income housing tax credit (LIHTC) program, it can mean the difference between winning and not winning an award of 9% tax credits. And, in the current environment of tight federal budgets and rising energy costs, greater efficiency is also vital for other government-assisted multifamily properties, such as public housing and rental projects assisted or financed under programs of the U.S. Department of Housing and Urban Development and USDA’s Rural Development. Read More…