1. Multifamily Green Consulting
Scott E. Hays, P.E.
Director - Client Solutions

2. FHA MIP Reduction – New Construction
Case Study: 223 unit market rate new construction
2015 IBC
1, 2, and 3-bdrm units plus gym, offices, conference, parking, etc
Tenant metered Electric

3. FHA MIP Reduction – New Construction
Goals:
Energy Star Score over 80 via EPM
Minimum 75 required by FHA
Determine value and necessity of select ECWM’s
Heat pumps, LED’s, etc

4. FHA MIP Reduction – New Construction
Points of concern
High percentage of window surface area
High number of corridor lights on 24-7
Large below ground parking garage
Steps:
Building Model
Prioritized Cost Effective ECWM’s
Submit SEDI (“Statement of Design Intent”) for HUD approval

5. Energy Modeling Tenant vs. Common Area Lighting Fans Appliances
Faucets
Toilets
Misc.

6. Energy Modeling
Insulation
HVAC
Windows
Boiler
DHW
Infiltration

8. Results $4.2M in MIP-related savings over life of loan
Final SEDI Score of 81
$4.2M in MIP-related savings over life of loan
Itemized ECM’s allowed for cost effective prioritization
Decorative lighting retained where designed
Window design kept as-is
Over $100K capital cost savings

9. “Modeled” Energy Savings = Increased NOI!
15-25%
Savings
30-50%
Savings
HVAC
MATH
MODEL
In this business as usual example…

10. Client Solutions Manager
Questions?
Thank you!
Scott E. Hays, P.E.
Client Solutions Manager