*** PART I Application Deadline has passed. ***  
All applicants should have received an Eligibility or Ineligibility letter by Friday, June 4.

Properties that have received a Letter of Eligibility should begin the selection process for an Energy Auditor and begin to fill out the Part II Application.

*** PART II Applications - DEADLINES EXTENDED ***
First Cycle Deadline: September 3, 2010 at 2pm
Second Cycle Deadline: October 1, 2010 at 2pm

The Multifamily Weatherization Assistance Program is for owners of multifamily property of 5 units or more in size that have an existing primary permanent mortgage with NJHMFA.  This program is funded through the NJ Department of Community Affairs (DCA) grant received from the national Weatherization Assistance Program funded by the U.S. Department of Energy and will provide grants for energy efficiency upgrades to existing properties. The maximum subsidy will be $5,000 per eligible unit.

Eligible applicants must agree to extend affordability controls for an additional 15 years, have no outstanding state or federal tax liens, and meet certain fiscal requirements. All improvements must be completed within the time frame needed to meet ARRA federal and state funding deadlines.  Weatherization funds may only be used for eligible energy efficiency improvements.  Projects will be selected in order of their cost-effectiveness in lowering utility costs.  Eligible energy efficiency measures will be identified by a qualified energy auditor, who will provide a whole-building energy audit, technical assistance, and aid in construction oversight.

Only projects unable to finance the installation cost of significant energy improvements will be considered for funding. Additionally, grants will be awarded through a transparent, competitive process. Please refer to the related document links to the right for more details and the application form.

Timeline
First Cycle
Submit Weatherization Plan to Weatherization Consultant - July 23, 2010
Part II Application - August 6, 2010 @ 2pm

Second Cycle
Submit Weatherization Plan to Weatherization Consultant - August 20, 2010
Part II Application (Second Cycle) - September 3, 2010 @ 2pm

Additional Resources:

Definition of Eligible Dwelling Units

HUD & DOE List of eligible HUD properties

Davis-Bacon Rates for Multifamily Buildings: Guidance on SIR Impact

Labor Rates for New Jersey

How to Become a Responsible Contractor

Lead-Safety Requirements

 

The Multifamily Solar Funding Pilot program is for owners of multifamily buildings of 5 units or more and have an existing primary permanent mortgage with HMFA or proposed rental housing project to be renovated with an HMFA primary permanent mortgage.  The pilot is for the installation of solar photovoltaic (PV) renewable energy systems of at least 20 kW in size. The financing will be in the form of a 0% loan based upon the expected Solar Renewable Energy Certificate (SREC) production for 15 years at a maximum value of $400/SREC and the SRECs will be assigned to HMFA for 15 years as repayment.  This program will run in conjunction with the Federal Business Energy Investment Tax Credits/Renewable Energy Grants. 

Eligible applicants must agree to extend affordability controls for an additional 15 years, have no outstanding state or federal tax liens, and will begin construction within 60 days of the award of the solar loan.  All applicants are required to participate in our Energy Benchmarking initiative.  All improvements must be completed within the time frame needed to meet ARRA federal and state funding deadlines. Please refer to the related document links to the right for more specific details.

Prior to any engineering services, the Applicant must submit a certified Letter of Intent to the HMFA indicating the approximate system size and associated project costs as soon as possible. The final system size and project costs submitted in the Solar Loan Pilot application may not reflect a difference of more than 20% of the size and costs stated in this preliminary Letter of Intent. Otherwise the application will not be considered for funding. The Letter of Intent is mandatory for participation in the program.

The purpose of this letter is to monitor remaining available funds for interested applicants.  Funding is given to those applicants able to achieve an HMFA Board approved funding commitment on a first-come first-served basis.  Those applications still in progress (who have submitted the Letter of Intent) will be alerted to available funding levels as monies are committed. 

 

The Multifamily Energy Efficiency Improvement Pilot (MEEIP) is for owners of multifamily property of 5 units or more in size and over 20 years old in age that have an existing primary permanent mortgage with HMFA or proposed rental housing project to be renovated with an HMFA primary permanent mortgage.  The financing will be at an interest rate of 2% limited to $2,000 per unit not to exceed $500,000 in total.

Eligible applicants must be able to participate in the NJ Clean Energy Program ‘Pay for Performance' program, agree to extend affordability controls for an additional 15 years, have no outstanding state or federal tax liens, will begin construction within 60 days of the energy efficiency loan, and will be completed within the time frame needed to meet ARRA federal and state funding deadlines.

Energy improvements will be identified by a Pay for Performance partner, who will provide a whole-building energy audit, technical assistance, and aid in applying for financial incentives, etc. Please refer to the related document links to the right for more specific details.

 

As part of its New Jersey Board of Public Utilities approved Energy Efficiency Economic Stimulus Initiative, Public Service Electric and Gas Company (PSE&G) is offering the Residential Multifamily Housing Program.  The Program is designed to increase energy efficiency and reduce carbon emissions of residential multifamily housing developments and to provide multifamily building owners with up-front 0% financing and grant incentives to cover the cost of eligible energy efficiency installations.

PSE&G is working with the New Jersey Housing and Mortgage Finance Agency (NJHMFA) to offer the program to NJHMFA-financed housing developments for the initial stage of this program, however non-HMFA building are also eligible for program funding.

Under the Program, building owners will receive an on-site investment grade energy audit of their building(s) at no cost.  All energy efficiency measures identified by the audit as having a simple payback of fifteen years or less will be eligible for installation under the Program and for Program incentives.  The energy efficiency measures recommended by the audit may include lighting, HVAC, humidification, building envelope, windows, doors, motors, and other energy consuming equipment.  PSE&G will provide incentives to help pay for the cost of installing the energy efficiency measures.  Building owners will repay their share of the cost over a ten-year period, interest free, on their PSE&G bill.

You must have a satisfactory record of bill payment with PSE&G to qualify for program participation.  Applications will be considered on a first-come, first served basis.

If you have any questions, please contact John Giattino at 973-430-7214 or John.Giattino@pseg.com.