As the first anniversary of the Inflation Reduction Act approaches in August, we talk to Enterprise VP of Building Resilient Futures Krista Egger about what this landmark climate law means to the affordable housing sector.
Six months after the passage of the Inflation Reduction Act, efforts are underway to ensure that affordable multifamily housing will have pathways to benefit from this historic legislation. Enterprise Community Partners and others in affordable housing continue to work to shape the programs authorized by the IRA through public comment submissions, and through tracking updates and new guidance as it becomes available.
Governor Gavin Newsom’s May Revision to the 2021-22 California budget demonstrates the administration’s clear commitment to affordable housing and proposes bold, historic investments in housing and homelessness programs. This investment is made possible by a $75 billion budget surplus that provides the state with the opportunity to meaningfully respond to the immediate needs of Californians, while also putting our communities on the path for a more equitable recovery.
Enterprise has released new tools to support the development of a Health Action Plan, an integrated approach to better resident health outcomes through health data analyses, community engagement and evidence-based strategies.
Enterprise, in collaboration with the New York State Energy and Research Development Authority (NYSERDA), Kinetic Communities Consulting Corporation (KC3) and New York City Department of Housing Preservation & Development (HPD), are hosting an information session on green energy resources and Local Law 97.
While the world watches and calls for swift and immediate action to address climate change, environmental justice proponents warn that not all policies are created equal, and that some may serve to exacerbate existing inequities, including by race and ethnicity. While many homeowners can invest in efficiency upgrades, electric technologies, and renewable energy generation, renters—particularly low-income and BIPOC renters—rarely have the same options. A careful approach to decarbonization must be considered to avoid exacerbating the nation’s affordable housing crisis.
On October 18, Senate Appropriations Committee Chairman Patrick Leahy released the committee’s nine remaining Fiscal Year 2022 ppropriations bills, including proposed spending bills for HUD and Treasury.