Preserving Affordable Multifamily Housing Through Energy Efficiency

Multifamily housing retrofits provide a rich opportunity to reap energy efficiency savings, an estimated $16 billion in energy cost savings in the sector. Despite this potential, the multifamily market has not captured the investment needed to realize the energy savings, and the affordable housing sector faces additional investment barriers. This paper makes the case for the implementation of energy retrofits in affordable multifamily buildings by presenting the non-energy benefits associated with such upgrades, including: societal, utility, owner, and tenant non-energy benefits.