Making Gold from Green Prepping Properties to Save Money, Benefit Residents as the Recovery Takes Hold
By Caitlin Jones
1 min read
Tax Credit Advisor, April 2011: Operating costs have held relatively steady the past couple of years for affordable apartment properties, including those funded by low-income housing tax credits. But as the nascent recovery takes hold and strengthens, inflation and operating costs are certain to tick upwards. Given this, LIHTC owners and property managers should consider steps to manage and reduce energy and water usage at their properties through efficiency improvements.
As a specialty investment manager providing asset and portfolio management services for affordable housing properties, TCAM helps its owner clients improve the financial and physical performance of their properties and maximize their value. From properties in our portfolio and from direct experience, we have witnessed and counseled owners and property managers making energy- and water-efficiency improvements, to cut utility costs and improve living conditions for their residents.
