Do the Math - Financing Decarbonization in Existing Multifamily Housing

Atalia Howe
Proposal Status
Ready for Committee Review
Username
Atalia Howe
Proposer First Name
Atalia
Proposer Email
ahowe@communityp.com
Proposer Last Name
Howe
Proposer Job Title
VP, Initiatives and Impact Investing
Proposed Session Description
We invite you to an interactive session on financing strategies for preparing New York’s affordable housing to meet the climate goals of New York State and New York City. Presenters will share insights from Sustainable Affordable Housing, a recently published white paper by the Federal Reserve Bank of New York, and present an affordable housing finance model that demonstrates the need for innovative financial tools and incentives to drive early adoption.
Why is this session important?
How do we finance the transition to a clean energy economy, particularly in affordable housing where cash flow is limited? Get in the head of a multifamily affordable housing owner wrestling with how to pay for different decarbonization options, and explore the pros and cons of different capital sources. Explore the levers that exist at the property-level to pay for decarbonization and ensure compliance with local laws (ex. LL97).

Comments

Christina McPike Sun, 05/21/2023 - 5:04 pm

Round 1: Yes -- I think we have to choose between this and Jon Braman's proposal (#166), or they'll feel repetitive. Maybe we can merge the two.

Andrew Chintz Sun, 05/21/2023 - 10:22 pm

Round 1 Yes, but lots of overlap with #171 Greening Community Finance.  The two can be combined, this portion can get deep into the weeds and the numbers on a specific project (micro) while the other focuses on programs (macro).

Ben Sachs-Hamilton Thu, 05/25/2023 - 10:46 am

Round 1 discussion: Round 2 review should try to draw out the important differences between this and #166

Ben Sachs-Hamilton Thu, 06/22/2023 - 1:50 pm

R2 meeting: Going through an actual project on the micro level. Make sure there's not too much content for 1 hour.

Diversity and Inclusiveness
Speaker roster is two women and one man. The focus of our presentation is on ensuring an equitable and inclusive transition to a clean energy economy, focusing on affordable housing.
Learning Objectives
Better understand affordable housing finance, and the opportunities and challenges of making deep green improvements at properties.
Understand the pros and cons of different capital sources available to pay for decarbonization, and new sources of capital that can be "created" at the building-level.
Has this session been presented before?
Yes
When and Where?
Yes, but differently. The main concepts and the model were presented as part of the Federal Reserve Bank of New York, NYSERDA, and CPC's launch of "Sustainable Affordable Housing" whitepaper (published by the Federal Reserve Bank of New York in early 2023), however the focus of this presentation would be more on the model, which was only a feature of the previous presentations.
Target Audiences Level of Expertise
Level 1 - No prior knowledge needed.

NYC 2023 Areas of Focus

Recommended Length
60-minute session
90-minute session

Strongest Content Connection - NYC 2023

Comments about your speaker roster
While a couple are not yet confirmed, I am confident they will be amenable given our collaboration on the white paper and shared goals.
Anything else you'd like to tell us about your session proposal?
We presented the model in a few invite-only webinars and received very positive feedback. It resonated with non-finance people and helped shed light on the unique opportunities and challenges associated with transitioning affordable housing to all-electric.
Reviewer 1
McPike, Christina
Reviewer 2
Chintz, Andrew
Curator
Palmese, Chris
Proposal #
165
Session #
NYC23-430
Committee Decision
Accepted

Presenters