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.  For they launched today Partner Portfolio Retrofit Engagement Platform (PartnerPREP).  I mean they are a new green business service that will help owners of multifamily affordable housing developments.  All to most importantly retrofit their buildings. With its comprehensive portfolio-based approach, PartnerPREP will help.  For they help property owners develop and implement long-term energy savings plans.  All 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.

Most noteworthy energy efficiency and building performance technical support.  Moreover and assistance in identifying financial opportunities and resources.  Also to support energy efficiency upgrades and improvements during the course of a two‐year engagement.

So Enterprise received a grant award of $2.8 million from the U.S. Department of Housing and Urban Development’s Energy Innovation Fund.  That’s of which $1 million being used for PartnerPREP. Other contributors who provided funds to help launch PartnerPREP.  For they include Morgan Stanley, which provided a $200,000 grant.  In addition the New York Community Trust.  They provided a $100,000 grant. Among the first community-based affordable housing owners to participate in PartnerPREP.  For they include El Barrio’s Operation Fightback (El Barrio).  Also, South East Bronx Community Organization (SEBCO).  In addition, let’s not forget Mutual Housing Association of New York (MHANY) and VIP Community Services.

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.

Moreover, PartnerPREP originated from Enterprise’s participation in the New York State Weatherization Assistance Program.  For that’s the largest residential energy conservation program in the country. During the two-year program, Enterprise made important enhancements critical to the program’s success.  All to ensure that the intended health, economic and environmental benefits would be achieved.  Thereby 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.

In conclusion, PartnerPREP is part of the National Multifamily Energy Services Collaborative.  I mean Enterprise’s national effort to design and implement a full suite of green services.  All to most importantly help older multifamily properties realize the significant benefits of going green.  For they are health, economic and environmental benefits of green housing. It also supports Enterprise’s commitment to green affordable housing.  Finally 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 their New York office in 1987, Enterprise has created or preserved more than 35,000 affordable homes for 116,000 New Yorkers.  In addition, they have also 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)

In conclusion, HPD is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and also 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. Finally and for more information, visit www.nyc.gov/hpd.