Rehabs are a great opportunity to add value with energy efficiency
Eden Housing maintains a large portfolio of affordable housing projects in California. The property needed upkeep and extensive renovations due to aging and deferred maintenance. To help with funding, they chose to take advantage of both the California Low-Income Housing Tax Credit Program (TCAC) and the PG&E Multifamily Upgrade Program (MUP). Continue reading Case Study: Virginia Lane Apartments
MUP Helps Recently Purchased Property Perform Renovation
When Oscar Rojas, Co-Founder and Principal of Cohen Rojas Capital Partners, purchased his 3-story, 24-unit Spruce Street property in Berkeley, half of its units were vacant and in disrepair. Continue reading Case Study – Spruce Street Apartments
MUP Helps Canyon View Apartments Expand Its Waitlist
Located in Colfax, Canyon View Apartments is a low-income senior living center, which has historically enjoyed high occupancy rates. With happy residents and functional building systems, it may be surprising that such a complex would consider energy efficiency upgrades. But Nicholas Tufano, director of construction at Preservation Partners Development, saw an opportunity in Pacific Gas & Electric’s (PG&E) Multifamily Upgrade Program to modernize decades-old building materials, fixtures, and appliances.
View the full case study for a complete picture of the project’s improvements and incentives!