Affordable Multifamily Housing
The Energize Delaware Affordable Multifamily Housing Program helps building owners identify, plan and implement energy efficiency and renewable energy upgrades in existing buildings and new construction projects.
This program provides multifamily building owners with technical assistance, financial incentives and low-cost financing to help make energy efficiency and renewable energy investments that reduce building operating costs and energy use while improving the living environment for residents.
New Construction / Gut Rehabilitation Initiative
The Program’s New Construction/Gut Rehabilitation Initiative (NCI) supports new construction and gut rehabilitation projects with grants, rebates, technical assistance, and financing to help achieve the highest energy performance possible. It provides comprehensive design and construction support for projects seeking and exceeding ENERGY STAR standards and enhanced resources for projects pursuing Passive House standards.
This initiative prioritizes support for projects seeking Low Income Housing Tax Credits from the Delaware State Housing Authority (DSHA) that will achieve ENERGY STAR certification, at a minimum, but other projects will be considered. There are limited resources for the NCI and resources may not be made available to every applicant.
Existing Building Initiative
The Existing Building Initiative (EBI) provides rebates, comprehensive and subsidized technical assistance, and low-cost financing to help your portfolio improve its energy performance and reduce costs for owners and residents.
Through the EBI, property owners can benefit from:
- Property Assessments, subsidized by the program, to identify energy and water savings opportunities and estimate upgrade costs.
- Rebates to offset the cost of upgrades. The deeper the energy savings, the greater the rebate.
- Upgrade Facilitation, Oversight, and Verification to make sure contractors’ efforts meet the need and that the work is performed properly.
- Low-Cost Financing to help pay for the upgrades, at favorable interest rates and terms, so you’re saving money starting on day one.
Eligible affordable multifamily residential properties must have five or more units. “Affordable” is defined as any property receiving assistance from a government housing program or charging rents no higher than the DSHA Payment Standards.
Owners of properties not assisted by a government program will be required to certify that rents do not exceed these limits for a majority of households in the property.
For more information and to ask questions, contact Patrick Coleman, Program Manager, at email@example.com or 302-300-4321.