HUD Multifamily PFS pilot

1.

Save taxpayer money by installing energy and water conservation retrofits in up to 20,000 units of HUD-assisted multifamily affordable housing.
2.

Develop a Pay For Success model for funding and delivering energy and water conservation improvements within HUD?s assisted multifamily
portfolio that is attractive to Intermediaries and property owners and practical for HUD to administer
3.

Evaluate the effectiveness of energy and water conservation retrofits overseen by Intermediaries, especially at keeping utility consumption at lower levels in the years following the installation of these measures.
4.

Identify lessons learned and best practices in order to assess the feasibility of scaling up and replicating this approach to achieving energy and water conservation given the characteristics of HUD-assisted multifamily housing, HUD?s statutory and regulatory framework, and the resources available to both HUD and property owners to address this problem.

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.




Program Accomplishments

Not Applicable.

Uses and Use Restrictions

HUD will make performance-based payments to entities serving as Intermediaries under a cooperative agreement executed with the agency.

Payments will cover the costs incurred as part of energy and water conservation retrofits overseen by the Intermediaries at HUD-assisted multifamily properties, including but not limited to costs related to: recruitment of properties for participation under the cooperative agreement, development of scopes of work for participating properties, development of architectural/engineering specifications, and purchase and installation of energy and water conservation equipment.

Payments may also be applied to capital costs for financing used by the Intermediary.

Eligibility Requirements

Applicant Eligibility

HUD will make performance-based payments to entities serving as Intermediaries under a cooperative agreement executed with the agency.

Payments will be contingent on utility consumption and cost savings associated with energy and water conservation measures installed by the Intermediary at HUD-assisted multifamily properties.

Beneficiary Eligibility

HUD is the primary beneficiary of this program; energy and water conservation retrofits undertaken by program Intermediaries will result in lower utility costs for the agency once the cooperative agreements have terminated. Secondary beneficiaries are residents of the HUD-assisted multifamily properties receiving retrofits.

Credentials/Documentation

No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

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 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.

Award Procedures

Entities selected by HUD to serve as Intermediaries under this program will enter into a cooperative agreement with HUD. Once savings from retrofits overseen by an Intermediary materialize, are verified, and are reported to HUD by the Intermediary, HUD will make payments based the amount saved. Payments based on savings will continue throughout the period of performance of the cooperative agreement.

Deadlines

Not Applicable.

Authorization

Fixing America?s Surface Transportation Act, 2015, Title LXXXI, Section 81001, Public Law 114-94.

Range of Approval/Disapproval Time

From 30 to 60 days.

Appeals

From 15 to 30 days.

Renewals

From 30 to 60 days.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula. This program has no matching requirements. This program does not have MOE requirements.

Length and Time Phasing of Assistance

HUD will provide performance-based payments to an Intermediary under a cooperative agreement with a period of performance of 12 years. See the following for information on how assistance is awarded/released: Frequency of payments will be subject to the cooperative agreement between HUD and the Intermediary.

Post Assistance Requirements

Reports

No program reports are required.

No cash reports are required.

Reporting requirements will be subject to the cooperative agreement between HUD and the Intermediary.

No expenditure reports are required.

Performance monitoring is not applicable.

Audits

Not Applicable.

Records

No Data Available.

Financial Information

Account Identification

86-0320-0-3-371 - Elderly (Section 202); 86-0303-0-1-604 - Project-Based Rental Assistance; 86-0237-0-3-371 - Disability (Section 811).

Obigations

(Direct Payments for Specified Use (Cooperative Agreements)) FY 15 Not Separately Identifiable; FY 16 Not Separately Identifiable; and FY 17 Estimate Not Available

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Mark Kudlowitz U.S. Department of Housing and Urban Development Office of the Deputy Assistant Secretary for Multifamily Housing Programs 451 7th Street SW, Room 6106, Washington, District of Columbia 20410 Email: Mark.A.Kudlowitz@hud.gov Phone: 202-402-3372

Criteria for Selecting Proposals

Not Applicable.



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