With the one-year anniversary approaching for the Inflation Reduction Act’s (IRA) passage, deadlines are approaching for grant applications, spending plans, and tax credits that can be used to preserve housing, reduce energy costs, and increase climate resilience. Enterprise hosted a recent webinar that discussed IRA updates, featuring its own experts as well as representatives from HUD and the National Associate of State Energy Officials (NASEO).
With financing incentives from the state of Louisiana, Les Maisons de Bayou Lafourche and other affordable housing communities are earning dual certification to Enterprise Green Communities and FORTIFIED standards to ensure residents can return to livable homes after a storm and experiene minimal disruption to their lives.
California has released the Affordable Housing and Sustainable Communities Round 8 draft guidelines and will host workshops during the public comment period.
Enterprise, the Local Initiatives Support Corporation (LISC), and the Federal Reserve Bank of New York announced plans to publish the seminal text on community development and climate change, What’s Possible: Investing NOW for Prosperous, Sustainable Neighborhoods.
Today, the U.S. Department of Energy (DOE) recognized Enterprise, through its community development arm Enterprise Community Development (ECD), for committing to reduce portfolio-wide greenhouse gas emissions by more than 50% within 10 years and to work with DOE to share success. As a partner in DOE’s Better Climate Challenge, Enterprise Community Development joins more than 50 organizations across the U.S. that are driving real-world action toward a low-carbon future.
In his first six weeks on the job, Shaun Donovan has visited 11 cities, met with dozens of partners and investors, and toured affordable housing properties across the country. The recent travels drove home the breadth and depth of Enterprise's work, mission, and partnerships. But as the organization's new CEO and president, Donovan believes Enterprise must expand its network to tackle the full scope of the country's affordable housing crisis.
The IRA offers unprecedented opportunities for the affordable housing sector. But there's no shortage of challenges, from determining eligibility for subsidies and tax incentives to prioritizing when and how to meet a variety of requirements. Among the emerging tools to help the field navigate this new terrain are SAHF's Multifamily Portfolio Carbon Emissions Roadmap and Momentum, a planning platform from Cadence OneFive.