Bill Brauner, Community Economic Development Assistance Council

Partners In Innovation Financing the Preservation of Rural and Urban Affordable Rental Housing Sustainability and Affordable Housing Preservation Leveraging Green Funding to Preserve Affordable Rental Housing Bill Brauner – Housing Preservation Program Manager May 17, 2010 COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

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2. Tax Credits and Deductions Investment Tax Credit (Sec. 48) Energy Production Tax Credit (Sec. 45) Energy Efficient Tax Deduction (Sec. 179D) State Programs 3. Green Permanent Loans COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

Advantages - Cost Savings - Resident Health - Durability COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

Advantages, Continued - Save the Planet. COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION Disadvantages - Disconnect between energy payback and work in a pres. renovation (e.g. window replacement) - Relatively small amount of green funding per unit WAP $6,500 per unit GRP $15,000 per unit - Issues with LIHTC and many green sources - Issues with tenant paid utilities

Resources DSIRE (Database of State Incentives for Renewables and Efficiency) http://www.dsireusa.org/ COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

COMMUNITY ECONOMIC DEVELOPMENT ASSISTANCE CORPORATION

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Bill Brauner, Community Economic Development Assistance Council

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Bill Brauner, Community Economic Development Assistance Council