Council for Energy Friendly Affordable Housing (CEFAH) is a working group of some of the most active owners and managers of affordable housing. The Council will retain legal and technical expertise to identify policy changes that could be made by Congress, HUD and state agencies to help encourage and finance energy conservation improvements. Approximately $5 billion – nearly 15% of HUD’s budget -- is spent annually on energy costs in assisted housing. Reducing this amount would free up a considerable sum of money for more productive uses. NH&RA launched CEFAH as a means to achieve policy changes to affordable housing programs that will facilitate owners’ abilities to retrofit and upgrade properties to achieve a higher degree of energy efficiency and utility cost savings.
Our goal is to identify areas where significant savings could be found and work with policymakers to obtain regulatory and legislative changes that make such improvements feasible and permissible. A few examples of actions that could be taken are adjusting HUD policies governing the use of replacement reserves and residual receipts, establishing a supplemental loan program for energy retrofit financing, and educating housing officials on which energy efficiency improvements make sense to support.
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Treasury Secretary Timothy Geithner has indicated that the White House has no plan to overhaul Fannie Mae and Freddie Mac in 2010. read more
Date Published: 03/08/2010
Tags: Congress, Multi-Family Finance
HUD Secretary Shaun Donovan testified before the House Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on February 23, 2010 on President Obama’s proposed budget. read more
Date Published: 03/08/2010
Tags: Affordable Housing, HUD, Public Housing, Congress
The National Council of Affordable Housing Market Analysts (NCAHMA) has released a list of confirmed speakers for its 2010 Spring Underwriting Forum, April 7-8, 2010 at the Intercontinental Hotel in New Orleans. read more
Date Published: 03/08/2010
Tags: Market Analysis
The National Trust Community Investment Corporation recently teamed up with Rutgers University to publish its “First Annual Report on the Economic Impact of the Federal Historic Tax Credit.” read more
Date Published: 03/05/2010
Tags: Tax Credits, Historic Rehabilitation Tax Credit, State Tax Credits, Historic Rehabilitation
Participants in NH&RA Developer’s Council will hear about the latest developments in the use of modular housing construction for affordable housing, when the Council meets at NH&RA’s Affordable Housing Conference & 2010 Annual Meeting on March 11-13. read more
Date Published: 03/03/2010
Tags: Tax Credits, Affordable Housing
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