HUD Multifamily PFS pilot
1. Save taxpayer money by installing energy and water conservation retrofits in up to 20,000 units of HUD-assisted multifamily affordable housing. 2. Develop a Pay For Success model for funding and delivering energy and water conservation improvements within HUD?s assisted multifamily portfolio that is attractive to Intermediaries and property owners and practical for HUD to administer 3. Evaluate the effectiveness of energy and water conservation retrofits overseen by Intermediaries, especially at keeping utility consumption at lower levels in the years following the installation of these measures. 4. Identify lessons learned and best practices in order to assess the feasibility of scaling up and replicating this approach to achieving energy and water conservation given the characteristics of HUD-assisted multifamily housing, HUD?s statutory and regulatory framework, and the resources available to both HUD and property owners to address this problem.
General information about this opportunity
Last Known Status
Office of Housing-Federal Housing Commissioner, Department of Housing and Urban Development
Type(s) of Assistance Offered
C - Direct Payments For Specified Use
Fixing America’s Surface Transportation Act, 2015, Title LXXXI, Section 81001, Public Law 114-94
Who is eligible to apply/benefit from this assistance?
HUD will make performance-based payments to entities serving as Intermediaries under a cooperative agreement executed with the agency. Payments will be contingent on utility consumption and cost savings associated with energy and water conservation measures installed by the Intermediary at HUD-assisted multifamily properties.
HUD is the primary beneficiary of this program; energy and water conservation retrofits undertaken by program Intermediaries will result in lower utility costs for the agency once the cooperative agreements have terminated. Secondary beneficiaries are residents of the HUD-assisted multifamily properties receiving retrofits.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable.
This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.
Entities selected by HUD to serve as Intermediaries under this program will enter into a cooperative agreement with HUD. Once savings from retrofits overseen by an Intermediary materialize, are verified, and are reported to HUD by the Intermediary, HUD will make payments based the amount saved. Payments based on savings will continue throughout the period of performance of the cooperative agreement.
Approval/Disapproval Decision Time
From 30 to 60 days.
From 15 to 30 days.
From 30 to 60 days.
How are proposals selected?
How may assistance be used?
HUD will make performance-based payments to entities serving as Intermediaries under a cooperative agreement executed with the agency. Payments will cover the costs incurred as part of energy and water conservation retrofits overseen by the Intermediaries at HUD-assisted multifamily properties, including but not limited to costs related to: recruitment of properties for participation under the cooperative agreement, development of scopes of work for participating properties, development of architectural/engineering specifications, and purchase and installation of energy and water conservation equipment. Payments may also be applied to capital costs for financing used by the Intermediary.
What are the requirements after being awarded this opportunity?
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.
Matching requirements are not applicable to this assistance listing.
MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
HUD will provide performance-based payments to an Intermediary under a cooperative agreement with a period of performance of 12 years. Frequency of payments will be subject to the cooperative agreement between HUD and the Intermediary.
Who do I contact about this opportunity?
Regional or Local Office
U.S. Department of Housing and Urban Development
Office of the Deputy Assistant Secretary for Multifamily Housing Programs
451 7th Street SW, Room 6106
Washington, DC 20410 US
(Direct Payments for Specified Use (Cooperative Agreements)) FY 16 FY 17 Estimate Not Available FY 15
Range and Average of Financial Assistance
Regulations, Guidelines and Literature
Examples of Funded Projects