AN INNOVATIVE APPROACH TO GREEN REHAB

Introduction

Housing Costs Housing Costs = R + U + T + H Rent + Utilities + Transportation + Health

Why Go Green? Reduce operating costs  Energy, Water, O&M costs Increase value of property Increase comfort, health and safety Increase margins/profitabilty  Savings for next 20 years go to your bottom-line Create opportunities and jobs for local contractors Reduce waste Environmental benefits  Reduced GHG, Hg, SOx, NOx,…

Health Benefits Results of the study: Over 90% of benefits are health Admissions to hospitals for respiratory conditions drop by 43% Days off school reduce by 23% Days off work drop 39% Psychological and stress benefits Quantitative risks to respiratory health established EECA energywise New Zealand March 14, 2012

Show me the Money! Pay utility company OR Pay for green renovation Current Annual Utility Cost$100,000 Typical Waste/Inefficiencies25% Annual Waste / Cost of doing nothing$25,000 Inflation Rate for Energy5% Life of Green upgrades (in years)10 Money you will pay to your Utility Company $314,447 Money available for your Green upgrades Now $265,000

Rebates Outreach UTILITIES ICAST NM MFA A Unique Partnership Financing Grants Sales, Project Management, M&V MF

Utility Partners

One-Stop-Shop A simple, cost-effective approach: 1. Assessment  Scope of Work 2. Access to Funding: Reserves + Utilities + Grants + Loan (MFA or TBL Fund) 3. GC the construction: ICAST (GC) - WAP Agencies + Subcontractors 4. Invoicing & Reporting: Including 1 year of M&V

Decide to Explore Energy Efficiency Options Locate Energy Auditors & Schedule Audits Compare EE Options to select ones that best fit your needs? Will Savings cover the cost of Investment? Find the Money: Long term? below market rate? Utility Rebates? Grants? Implement: Hire General Contractor (DIY?) Identify contractors – different for HVAC, lighting, insulation, windows, etc. Select and Manage all contractors continuously Inspect all the work completed to ensure it is high quality. Close-Out: Pay Invoices, complete reports, Rebate paperwork, etc. Track Results Fix Issues if Project did not Pan Out

Simplified Process Turn-key and Hassle-Free: Decide to Go Green Call One-Stop-Shop Sit Back and Enjoy Savings!

ResourceSmart Portfolio Analysis & Property Assessments Financing Property Rehab Green Retrofit: 1. EE/DSM/DR 2. Renewable Energy 3. Water Conservation 4. Indoor Air Quality 5. Tenant Engagement O&M Whole is Greater than Sum of Parts

Energy Audit

TBL Fund  Focus - Green Rehab  Target Market:  Multifamily: Affordable Housing  Commercial: Nonprofits, Community Facilities  Geographies Served:  Rocky Mountain region (CO, NM, WY)  Southwest US (TX, OK, AZ)

Services  Access to Financing  Grants  Below-market Debt o Average 10-year term o Fixed interest rates o 1 st position or lien not required  Technical Assistance  Financial Education and Training

Case Study 20 unit Cibola Apts, Socorro, NM Green Retrofit : Attic Insulation Lighting Furnaces Water Conservation Evap. Coolers Appliances

Case Study 20 unit Cibola Apts, Socorro, NM Rehab :  Roof replacement  Repave Parking Lot  New Stairs  Flooring and Subflooring  ADA compliance

Case Study 20 unit Cibola Apts, Socorro, NM Funding: 1.Loan from MFA - $500K 2.WAP Funds - $70K 3.Other Grants - $200K

QUESTIONS? THANKS