The Housing Authority of the City and County of San Francisco, California (“SFHA”) desired to access efficient financing to implement a significant energy conservation financing. Traditional industry funding sources were in flux as a result of the Great Recession. The United States Department of Housing and Urban Development (“HUD”) spends approximately $6.4 billion in utility […]
In the midst of the Great Recession, the Boston Housing Authority (“BHA”) had a large money center bank back out of a significant financing. BHA needed to secure a fixed-rate, 20-year plus construction financing to take advantage of energy conservation incentives of the United States Department of Housing and Urban Development (“HUD”). Traditional industry funding […]
The United States Department of Housing and Urban Development (“HUD”) spends approximately $6.4 billion each year assisting housing authorities across the country and their tenants with utility bills. HUD established incentive programs to encourage Public Housing Authorities to take on Energy Performance Contracting (“EPC”) to help reduce these utility costs. Normally offered by Energy Service […]
