Fannie Mae and Freddie Mac introduce green financing programs

Planning energy-saving improvements for refinancing or acquisition? Or is your property already green-certified? Now, you can qualify for better pricing and higher loan proceeds. Fannie Mae and Freddie Mac are offering lower interest rates to multifamily owners who commit to improving the efficiency of their buildings.

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HUD: New Energy Benchmarking Requirements for Section 8, Multifamily FHA Insured and PRAC Properties

This post originally appeared on housingOnline.com on October 5, 2016.

HUD’s Office of Multifamily Housing published on Tuesday a notice in the Federal Register creating a 60-day period for public comment for new proposed regulations that would require HUD-Assistance and FHA Insured Multifamily Properties to benchmark and report to HUD energy and water utilities. Covered properties include:

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Vote for WegoWise at SXSW!

We’ve got some exciting news over here at WegoWise: we’ve been invited to speak on a panel at South by Southwest 2017! Our panel, “Key Metrics for Growing SaaS Companies”, is in the running, and we need your help: community voting and commenting accounts for about 30% of the decision-making process for SXSW panel programming. To vote for our panel:

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A guide to going solar in multifamily housing

With high energy use, millions of large, unshaded rooftops ripe for solar systems, and plummeting renewable energy prices, the multifamily building sector in the U.S. has great potential for solar energy production and consumption.

Even in a state without many incentives to make the switch, going solar can increase property values, result in a more stable operating budget, reduce expenses, and improve a building’s attractiveness to tenants according to the N.C. Clean Energy Technology Center. Multifamily properties tend to have established, long term owners who would benefit from the ROI. Though unlike a residential home, adding solar to a multi-family building can be complicated with multiple meters and shared roof space.

So, how can property owners, managers, condo owners, and even renters gain access to the savings and stability associated with renewable energy?

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Summer 2016 Energy Forecast

As we say goodbye to El Niňo, summer temperatures heat up, and your buildings start to use more energy to stay cool, it’s tempting to wish for a crystal ball to tell you where energy prices are going. Whether you’re on your utility’s rate or already signed onto a contract with a separate supplier, you might be keeping your eyes peeled for where rates are expected to go to keep your utility budget in check. And while no one can truly predict where energy prices are going, we can examine all the factors affecting the energy market for a forecast. Let’s take a look:

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Your WegoPower Questions, Answered

Last week, we presented a first look at our newest product, WegoPower, in a webinar. To recap, WegoWise’s Vice President of Business Development, Dan Teague and Energy Procurement Expert, Katharine Pelzer discussed:

  • What energy procurement is. About half of all U.S. states have deregulated energy markets, meaning you can choose who supplies your energy, which helps building owners find and secure competitive rates.
  • What to consider when selecting an energy broker. Whether you’re trying energy procurement for the first time or already in a contract, Dan and Katharine went over several qualities you should look for in a broker, including transparency, choice, automated data, excellent customer service, and renewable energy options.
  • How procurement helps you control your portfolio’s energy budget. Even if the market is volatile, procuring energy through a third party allows you to lock in a competitive supply rate, giving you more certainty over your budget.

After the webinar, the question lines were buzzing. Here’s what our audience wanted to know:

 

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Benchmark CT offers free energy benchmarking for multifamily building owners

Did you know that more than 33% of all energy consumed in the state of Connecticut comes from the residential sector?

Multifamily buildings use more energy per square foot than single family homes, meaning building owners have higher costs, but even bigger opportunities to save from implementing energy-saving upgrades. So, how can you pinpoint where to spend precious capital improvement dollars or measure the ROI of retrofits? Energy and water benchmarking is one of the best places to start.

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