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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- Members Only Content
- Tax Credit Advisor Content
The New Mexico Mortgage Finance Authority (MFA) has released its 2011 Draft Low Income Housing Tax Credit Qualified Allocation Plan. read more
Date Published: 09/01/2010
Tags: Tax Credits, LIHTC
In a new mortgagee letter (2010-27) dated August 30, 2010, HUD has renewed special the Department’s policy for the eligibility of projects for Mortgage insurance where Construction has started. read more
Date Published: 09/01/2010
Tags: Affordable Housing, HUD, Multi-Family Finance, Market Rate Housing
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced today that it has posted the comments submitted in response to its Request for Public Comment related to the Community Investment Impact System (CIIS) Data Collection.
read more
Date Published: 08/31/2010
Tags: NMTC, Tax Credits
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). read more
Date Published: 08/31/2010
Tags: Tax Credits, LIHTC, IRS/Tax Issues
The Indiana Housing & Development Authority has released its 2011 QAP and has scheduled a QAP Forum in Indianapolis on September 16. read more
Date Published: 08/31/2010
Tags: LIHTC, Tax Credits
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