Multifamily Energy Innovation Fund

The primary purpose of the Program is to stimulate innovative approaches for increasing the energy efficiency of existing multifamily residential properties that can be replicated by others.

HUD expects that outcomes of the Program will include:
a.

Reduced energy consumption in multifamily
residential properties, with resulting savings for families, property owners, and in some cases the Federal government, and lower greenhouse gas emissions.
b.

Increased private investment to support energy efficiency in such properties.


c.

Green jobs in construction, property management, and technical analysis (e.g., energy audits, building commissioning), including job opportunities for low-income people.
d.

Acquisition and analysis of data on the costs, benefits, challenges, and opportunities associated with retrofitting such properties.
e.

Approaches for retrofitting such properties that can be scaled up, applied more widely and adopted by other parties.
f.

Approaches that propose solutions to the disparity among the parties when their financial or other interests are not the same, such as the difference in perspective when utilities are paid only by the ownership or only by the tenants, i.e., the so-called ?split incentives? issue.

Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Website Address

http://www.hud.gov




Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Awards will be made in each of two different categories, Financing Demonstrations and Applied Research Demonstrations. --Financing Demonstrations are initiatives that demonstrate innovative methods for financing retrofits of multifamily properties that achieve the criteria described in this NOFA.

Financing Demonstrations must offer a plan to achieve both of the following: a.

Leverage additional capital; and b.

Test new ways of funding retrofit improvements. Examples of eligible financing demonstrations are: (1) energy retrofit financing vehicles providing investor equity; (2) loan loss reserves; interest rate reductions; (3) secondary financing; loan guarantees; secured and unsecured loans; (4) energy-related revolving loan programs; (5) on-bill utility repayment programs or other mechanisms; and (6) power purchase agreements, energy performance contracts, or similar financing structures.

--Applied Research Demonstrations are initiatives that demonstrate innovative and scalable methods of defining and implementing a solution to a longstanding barrier to multifamily residential retrofits that is not primarily financial in nature.

The barrier could be behavioral, structural, regulatory, or related to availability of information or options.

Applied Research Demonstrations must apply a proposed solution to an actual property or group of properties and be applicable to other similar properties.

Examples of Applied Research are: a.Solutions that provide more information on and greater owner and/or tenant control over energy use; b.Solutions that convert properties from master metered/owner paid utilities to individually metered/tenant paid utilities that result in efficiencies and savings, or vice versa; and c.Conservation practices and solutions that address the problem of split incentives by creating incentives for parties that promote investment strategies for energy improvements.

--Financing Demonstrations are initiatives that demonstrate innovative methods for financing retrofits of multifamily properties that achieve the criteria described in this NOFA.

--Applied Research Demonstrations are initiatives that demonstrate innovative and scalable methods of defining and implementing a solution to a longstanding barrier to multifamily residential retrofits that is not primarily financial in nature.

The barrier could be behavioral, structural, regulatory, or related to availability of information or options.

Applied Research Demonstrations must apply a proposed solution to an actual property or group of properties and be applicable to other similar properties.

Eligibility Requirements

Applicant Eligibility

This program is directed at the multifamily housing market, to catalyze innovations in the residential energy efficiency sector that have promise of replicability and to help create a standardized home energy efficient retrofit market.

Beneficiary Eligibility

Must be related to eligible multifamily housing.

Credentials/Documentation

In the application for funding from this Grant Program, Letters of Commitment are required to provide evidence of funds for matching and leverage. Owners must show evidence of control of subject properties and of managing or directing programs impacting a minimum of 1000 units of affordable housing when required for eligibility. Environmental certifications will be required for properties receiving grant money. This program is excluded from coverage under OMB Circular No. A-87.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Electronic applications through Grants.gov

Award Procedures

Applications will be rated and ranked in the category of financing demonstration or the category of applied research demonstration. The ratings factors are: Applicant?s Relevant Experience and Capacity, Soundness of Approach, Matching Funds and Leveraging above the Matching Funds Requirement, Low Income Housing Needs, Sustainable Solutions. Applicants are eligible to apply for and receive up to 2 bonus points related to work to support RC/EZ/ECs.

Deadlines

Oct 14, 2011: see the Notice of Funding. see the Notice of Funding.

Authorization

Consolidated Appropriations Act of 2010 , Public Law 111-117.

Range of Approval/Disapproval Time

Not Applicable.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. Matching Requirements: Participation in the Energy Innovation Program requires that a successful applicant (Grantee) has matching funds to complement grant funds. The level of funding that an applicant must demonstrate to be considered for participation is as follows: a. Applicants for Financing Demonstrations must demonstrate that they have acquired matching funds of at least $2 of private, non-governmental (other than federal, state, local, or tribal) capital for every $1 requested, and will be required to bring additional matching funds of $1 for every $1 loaned at the project level. b. Applicants for Applied Research Demonstrations must demonstrate that they have acquired matching funds of at least $1 of private, non-governmental capital (other than federal, state, local, or tribal) for every $1 requested. This program does not have MOE requirements.

Length and Time Phasing of Assistance

All awards will be made for a period of performance not to exceed 24 months commencing upon award execution. See the following for information on how assistance is awarded/released: HUD uses the Line of Credit Control System (LOCCS) to release the funds.

Post Assistance Requirements

Reports

1.All Grantees must report to HUD quarterly, within 30 days of the end of a calendar quarter (3/31, 6/30, 9/30, and 12/31), in formats approved by HUD.

If there are fewer than 45 days remaining in the quarter in which the grant agreement documents are signed, then the first quarterly reports will be due 30 days after the second calendar quarter date subsequent to the award date.

Quarterly report requirements are as follows: a.

Report on the status of the milestones in the Work Plan, comparing the schedules for milestone completion and expenditures to actual activity. b.

Report on the dollar amount of funds expended to date, the amount of sub-awards made, and the amount of funds remaining.

The report must provide information for total expended, federal dollars expended , and for non-federal funds expended.

Grantees will submit an expanded and updated the Sources and Uses to present this information.

c.

.Report on Program Income as per applicable program income rules as stated in the terms and conditions of the grant agreement.

d.

For Financing Demonstrations only awards that create a revolving loan fund report on matching dollars for grant activities at the project loan level.

Provide information sufficient to demonstrate compliance with the requirement for a property owner to utilize $1 of matching funds for every $1 of financing borrowed from the Grantee?s revolving loan fund.

e.

Report to address management questions.

HUD is interested in understanding and reporting on the effects of the grant activities on the macro level.

Therefore, the fourth quarterly report for each funding year shall be an annual report and shall include regular quarterly reporting described above plus the following additional information.

The Grantee will report on: (1) The number of units and the number of properties receiving energy retrofits. (2) The energy consumption and costs prior to retrofit in properties receiving energy retrofits. (3) Specific retrofit measures being applied. (4) Estimated and actual costs of the retrofit measures. (5) Energy consumption reductions anticipated and, when completed, as achieved after project retrofits. (6) Financial savings from improved energy efficiency for the property and for residents. (7) Financial structures utilized to finance energy improvements and the associated transaction costs. 2.

Final report.

The final report to HUD is due 60 days after the end of the project period.

As part of the final report, the Grantee will provide all closeout documents requirement by HUD.

The report will provide a final summary of program activities and outcomes including: a.

A review of actual outcomes compared to anticipated outcomes.

The review should refer to the original problem statement, methodology, and replicability discussions provided in the application abstract and compare the outcomes of the Program activity to the original expectations. b.

A discussion of lessons learned, including consideration of anticipated and unanticipated problems and solutions. c.

A discussion of the benefits that resulted from the Program activity.

3.

Report to address Section 3 requirements.

24 CFR Part 135 Subparts B and E-direct reporting and recordkeeping requirements for Section3 and such reports should be submitted to HUD as part of the quarterly reporting. 4.

Reports required for release of HUD funds.

Grantees are required to have HUD approval before making any withdrawal of grant funds from the eLOCCS system.

No cash reports are required.

All Grantees must report to HUD quarterly, within 30 days of the end of a calendar quarter (3/31, 6/30, 9/30, and 12/31), in formats approved by HUD.

If there are fewer than 45 days remaining in the quarter in which the grant agreement documents are signed, then the first quarterly reports will be due 30 days after the second calendar quarter date subsequent to the award date.

Quarterly report requirements are as follows: a.

Report on the status of the milestones in the Work Plan, comparing the schedules for milestone completion and expenditures to actual activity. b.

Report on the dollar amount of funds expended to date, the amount of sub-awards made, and the amount of funds remaining.

The report must provide information for total expended, federal dollars expended , and for non-federal funds expended.

Grantees will submit an expanded and updated the Sources and Uses to present this information.

c.

.Report on Program Income as per applicable program income rules as stated in the terms and conditions of the grant agreement.

d.

For Financing Demonstrations only awards that create a revolving loan fund report on matching dollars for grant activities at the project loan level.

Provide information sufficient to demonstrate compliance with the requirement for a property owner to utilize $1 of matching funds for every $1 of financing borrowed from the Grantee?s revolving loan fund.

e.

Report to address management questions.

HUD is interested in understanding and reporting on the effects of the grant activities on the macro level.

Therefore, the fourth quarterly report for each funding year shall be an annual report and shall include regular quarterly reporting described above plus the following additional information.

The Grantee will report on: (1) The number of units and the number of properties receiving energy retrofits. (2) The energy consumption and costs prior to retrofit in properties receiving energy retrofits. (3) Specific retrofit measures being applied. (4) Estimated and actual costs of the retrofit measures. (5) Energy consumption reductions anticipated and, when completed, as achieved after project retrofits. (6) Financial savings from improved energy efficiency for the property and for residents. (7) Financial structures utilized to finance energy improvements and the associated transaction costs. 2.

Final report.

The final report to HUD is due 60 days after the end of the project period.

As part of the final report, the Grantee will provide all closeout documents requirement by HUD.

The report will provide a final summary of program activities and outcomes including: a.

A review of actual outcomes compared to anticipated outcomes.

The review should refer to the original problem statement, methodology, and replicability discussions provided in the application abstract and compare the outcomes of the Program activity to the original expectations. b.

A discussion of lessons learned, including consideration of anticipated and unanticipated problems and solutions. c.

A discussion of the benefits that resulted from the Program activity.

3.

Report to address Section 3 requirements.

24 CFR Part 135 Subparts B and E-direct reporting and recordkeeping requirements for Section3 and such reports should be submitted to HUD as part of the quarterly reporting. 4.

Reports required for release of HUD funds.

Grantees are required to have HUD approval before making any withdrawal of grant funds from the eLOCCS system.

No expenditure reports are required.

All Grantees must report to HUD quarterly, within 30 days of the end of a calendar quarter (3/31, 6/30, 9/30, and 12/31), in formats approved by HUD.

If there are fewer than 45 days remaining in the quarter in which the grant agreement documents are signed, then the first quarterly reports will be due 30 days after the second calendar quarter date subsequent to the award date.

Quarterly report requirements are as follows: a.

Report on the status of the milestones in the Work Plan, comparing the schedules for milestone completion and expenditures to actual activity. b.

Report on the dollar amount of funds expended to date, the amount of sub-awards made, and the amount of funds remaining.

The report must provide information for total expended, federal dollars expended , and for non-federal funds expended.

Grantees will submit an expanded and updated the Sources and Uses to present this information.

c.

.Report on Program Income as per applicable program income rules as stated in the terms and conditions of the grant agreement.

d.

For Financing Demonstrations only awards that create a revolving loan fund report on matching dollars for grant activities at the project loan level.

Provide information sufficient to demonstrate compliance with the requirement for a property owner to utilize $1 of matching funds for every $1 of financing borrowed from the Grantee?s revolving loan fund.

e.

Report to address management questions.

HUD is interested in understanding and reporting on the effects of the grant activities on the macro level.

Therefore, the fourth quarterly report for each funding year shall be an annual report and shall include regular quarterly reporting described above plus the following additional information.

The Grantee will report on: (1) The number of units and the number of properties receiving energy retrofits. (2) The energy consumption and costs prior to retrofit in properties receiving energy retrofits. (3) Specific retrofit measures being applied. (4) Estimated and actual costs of the retrofit measures. (5) Energy consumption reductions anticipated and, when completed, as achieved after project retrofits. (6) Financial savings from improved energy efficiency for the property and for residents. (7) Financial structures utilized to finance energy improvements and the associated transaction costs. 2.

Final report.

The final report to HUD is due 60 days after the end of the project period.

As part of the final report, the Grantee will provide all closeout documents requirement by HUD.

The report will provide a final summary of program activities and outcomes including: a.

A review of actual outcomes compared to anticipated outcomes.

The review should refer to the original problem statement, methodology, and replicability discussions provided in the application abstract and compare the outcomes of the Program activity to the original expectations. b.

A discussion of lessons learned, including consideration of anticipated and unanticipated problems and solutions. c.

A discussion of the benefits that resulted from the Program activity.

3.

Report to address Section 3 requirements.

24 CFR Part 135 Subparts B and E-direct reporting and recordkeeping requirements for Section3 and such reports should be submitted to HUD as part of the quarterly reporting. 4.

Reports required for release of HUD funds.

Grantees are required to have HUD approval before making any withdrawal of grant funds from the eLOCCS system.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), 'Audits of States, Local Governments, and Non-Profit Organizations,' nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.

Records

Recipients should maintain records of all financial transactions, including salaries, expenses, and contracting records.

Financial Information

Account Identification

86-0401-0-1-272.

Obigations

(Cooperative Agreements) FY 10 $0; FY 11 est $0; and FY 12 est $24,750,000 - This is a competitive funding program with FY2010 money expected to be obligated in FY2012.

Range and Average of Financial Assistance

We expect to make awards ranging from $2.5 to $7 million. For the total amount we expect to make between five and 10 awards.

Regulations, Guidelines, and Literature

The guidelines are in the Notice of Funds Availability.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Beverly N. Rudman 451 7th street SW Room 6230, Washington, District of Columbia 20410 Email: beverly.n.rudman@hud.gov Phone: 202-402-8395

Criteria for Selecting Proposals

The Notice of Funds Availability (NOFA)provides the selection criteria for scoring that is used for rating and ranking. An excerpt from the NOFA follows: -Financing Demonstrations. The maximum number of points to be awarded for the Multifamily Energy Pilot Financing Demonstrations is 100. The minimum score for an application to be considered for funding is 75 points. The Program is subject to bonus points, as described in the General Section requirements for FY2010. Two bonus points may be awarded for work that benefits an RC/EZ/EC . Rating Factor 1: Applicant?s Relevant Experience and Capacity Rating Factor 2: Soundness of Approach Rating Factor 3: Matching Funds and Leveraging above the Matching Funds Requirement Rating Factor 4: Low Income Housing Needs Rating Factor 5: Sustainable Solutions . -Applied Research Demonstrations. The maximum number of points to be awarded for the Multifamily Energy Pilot Applied Research is 100. The minimum score for an application to be considered for funding is 75 points. The Program is subject to bonus points, as described in the General Section requirements for FY2010. Two bonus points may be awarded for work that benefits an RC/EZ/EC. Rating Factor 1: Applicant?s Relevant Experience and Capacity Rating Factor 2: Soundness of Approach ( Rating Factor 3: Leveraging Funds above the Matching Funds Requirement Rating Factor 4: Low Income Housing Needs Rating Factor 5: Sustainable Solutions .



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