Enterprise Launches New NYC Green Business Service Helping Retrofit Multifamily Affordable Housing

PartnerPREP’s Comprehensive Program to Help Owners Develop and Implement

Long-Term Energy Saving Plans Will Lower Operating Costs, Provide Energy- and Cost-Efficient Homes for Low-Income New Yorkers

New York, NY – May 16, 2012 – Enterprise Community Partners, Inc. (Enterprise), an innovator in financing, creating, and preserving green affordable housing, launched today Partner Portfolio Retrofit Engagement Platform (PartnerPREP), a new green business service that will help owners of multifamily affordable housing developments to retrofit their buildings. With its comprehensive portfolio-based approach, PartnerPREP will help property owners develop and implement long-term energy savings plans to lower operating costs and provide energy- and cost-efficient homes for their low-income residents.

A fee-based program, PartnerPREP provides owners with energy planning and building management advice, energy efficiency and building performance technical support, and assistance in identifying financial opportunities and resources to support energy efficiency upgrades and improvements during the course of a two‐year engagement.

“In our experience weatherizing apartments, we found that although many affordable housing owners wanted to make their buildings more energy efficient, they didn’t have a comprehensive framework in place that taught how to retrofit buildings in New York,” said Abby Jo Sigal, vice president and New York market leader, Enterprise. “From assessing buildings’ energy needs and implementing changes to monitoring progress and engaging tenants, we will provide owners with a conscientious approach to retrofitting and make it easier for them to green their buildings, lower operating costs and provide healthier, sustainable homes for low-income families.”

Enterprise received a grant award of $2.8 million from the U.S. Department of Housing and Urban Development’s Energy Innovation Fund, of which $1 million will be used for PartnerPREP. Other contributors who provided funds to help launch PartnerPREP include Morgan Stanley, which provided a $200,000 grant, and the New York Community Trust, which provided a $100,000 grant. Among the first community-based affordable housing owners to participate in PartnerPREP include El Barrio’s Operation Fightback (El Barrio), South East Bronx Community Organization (SEBCO), Mutual Housing Association of New York (MHANY) and VIP Community Services.

“It’s always a pleasure working with Enterprise Community Partners; they’re always looking forward, thinking about where the affordable housing market is headed and where they can have the most positive impact on affordable housing,” said Gustavo Rosado, executive director, El Barrio’s Operation Fightback. “We are excited to be a part of PartnerPREP as it will have a huge impact on our energy use, energy conservation and environmental awareness.”

PartnerPREP’s portfolio services include: portfolio data collection and benchmarking analysis; assessment of buildings’ existing conditions; maintenance staff interviews; energy audits; recommendations for energy reductions; building staff trainings and workshops on energy-efficient practices; performance monitoring and assessments to ensure intended savings are realized; and tenant education and outreach.

In addition, PartnerPREP will provide green and energy saving guidance and assessments on a variety of city and state programs, including the Comprehensive Needs Assessment for the New York City Department of Housing Preservation and Development Year 15 program; the Con Edison Multifamily Energy Efficiency Program rebates; and the New York State Energy Research and Development Authority (NYSERDA) Multifamily Performance Program.

“Multifamily buildings provide excellent opportunities for energy savings. NYSERDA’s whole building approach, which partners like Enterprise embrace, can help reduce energy consumption by at least 15 percent over previous usage,” said Francis J. Murray Jr., president and CEO of NYSERDA. “This new platform is one more way that NYSERDA can encourage multifamily building owners and businesses to participate in its energy efficiency programs and take advantage of available incentives.”

“Going Green and creating sustainable, energy-efficient affordable housing is a smart investment for our tenants, owners and neighborhoods,” said HPD Commissioner Mathew M. Wambua. “From their Green Communities Criteria, the only national green building criteria designed for affordable housing, to the newly created PartnerPREP, Enterprise continues to be an industry leader and innovator. With benefits that extend to both owners and tenants, it is clear that sustainable building and energy-efficient operations are critical to the future of our city’s housing stock and to the people who call those buildings home.”

PartnerPREP originated from Enterprise’s participation in the New York State Weatherization Assistance Program, the largest residential energy conservation program in the country. During the two-year program, Enterprise made important enhancements critical to the program’s success to ensure that the intended health, economic and environmental benefits would be achieved, including: active resident engagement; a focus on portfolios instead of individual buildings; and post-construction monitoring to make sure that the intended savings will be realized.

PartnerPREP is part of the National Multifamily Energy Services Collaborative, Enterprise’s national effort to design and implement a full suite of green services to help older multifamily properties realize the significant health, economic and environmental benefits of green housing. It also supports Enterprise’s commitment to green affordable housing and strengthens its national call to action to green all affordable housing by 2020.

About Enterprise

Enterprise Visit www.EnterpriseCommunity.org and www.EnterpriseCommunity.com to learn more about Enterprise’s efforts to build communities and opportunity.

Since opening our New York office in 1987, Enterprise has created or preserved more than 35,000 affordable homes for 116,000 New Yorkers, and has committed over $2.3 billion in equity, grants, and loans to community development projects across the city.


About the NYC Department of Housing Preservation and Development (HPD)

HPD is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and viable neighborhoods for New Yorkers through education, outreach, loan and development programs and enforcement of housing quality standards. It is responsible for implementing Mayor Bloomberg’s New Housing Marketplace Plan to finance the construction or preservation of 165,000 units of affordable housing by 2014. Since the plan’s inception, more than 130,606 affordable homes have been created or preserved. For more information, visit www.nyc.gov/hpd.

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