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.

Types of Assistance: COOPERATIVE AGREEMENTS