DHA Portfolio Strategies and Solutions Ismael Guerrero Denver Housing Authority Denver, CO
Denver Housing Authority Housing Portfolio : 5,116 housing units in 30 properties 3,706 Traditional Public Housing 628 Subsidized Units 782 Mixed Income Administer over 6,700 tenant based voucher 7+ LEED Certified Buildings 2,500 Energy Efficient Unit Upgrades
DHA Energy Efficiency and Sustainability Strategies DHA PPA LEED Certified HUD Energy Power Purchase New Multi-Family Performance Agreement Properties Contracts $16 Million in solar Approximately $18 Million in new panels installed on $150 Million energy conservation 750 units. invested in 7 LEED measures in public certified properties. housing units.
What is a Solar PPA? • Power Purchase Agreement – means of structuring on site solar projects. • 3 rd Party Solar Developer Owns System – sells power at 20 year contracted rate • Site Host – buys power and may enter into roof lease. • Why? – Allows 3 rd Party Developer to monetize Tax Credits – Sites hosts that are public or 501c3 cannot take advantage of these – Tax Credits (ITC, MACRS) are 55%- 60% of the total return
Solar PPA Benefits • $16 Million in solar panels installed on 750 units at no cost to DHA. • Option to purchase panels at 75% discount once 6 years have past, or to maintain lease at no cost • Long-term, predictable energy costs for DHA • Reduces CO 2 output associated with DHA systems by 5 million pounds annually • Supports HUD’s interest in sustainability and DHA’s reputation as a green builder
DHA LEED Certified New Construction
HUD Energy Performance Contracting Since 1998, HUD’s EPC program has generated millions • of dollars in Capital Improvements for PHAs. With interest rates at historic lows, in some instances, • this program has generated more than $8,000 per Public Housing unit. DHA leveraged utility savings to raise over $18 million • for Energy Conservation Measures. • Phase I with Honeywell as ESCO Phase II with DHA managed Self-Implementation • 7
DHA’s Energy Conservation Measures: Phase II Scope of Work • $11.5 Million in ECM’s • 2,500 Units at 12 Properties • 14+ Months to full implementation • ECM’s Included: – 850 Refrigerators – 1,300 Furnaces – 4 Smart Irrigation Sys – 1,300 Attics – 4 Central Plant Upgrades – Unit Lighting – Ceiling Fans – Window Replacements 8
2013 Measurement & Verification Report by Group 14 Total Savings - $2,526,000 Water & Sewer Natural Gas Electric Savings Savings Savings $1.4 million $309,000 $816,000 46% reduction from 10% reduction from 34% reduction from baseline year baseline year baseline year Denver Housing Authority – April 2014
ECM’s Environmental Impact Water Savings Green house gas CO2 omission emission reductions reductions 294 Olympic size 960 homes of electricity 1,469 Passenger vehicles swimming pools or or or 785,417 gallons of 2,502 tons of waste sent 27 million kegs of beer gasoline consumed to the landfill
Next: Resident Education Program • RFQ issued in February 2014 • Cost: under $100,000 • Funded through EPC II Xcel Energy rebates • Includes 2 properties (row type and mid rise) • Efforts include: – Education campaigns – Resident engagement strategies – Prompts to action – Pledges – Feedback devices
• DHA joined the DOE’s Better Buildings Challenge Multifamily Sector in 2013 • Committed to a 20% reduction in energy intensity portfolio wide in 10 years • Committed to benchmarking utility data on the EPA’s Portfolio Manager • Committed to share success stories with other peer groups
DHA plans to reach a 20% reduction in energy intensity in 10 years by initiating the following strategies across our existing portfolio and new developments. – Energy and water conservation measures: – Renewables – Operations and Maintenance best practices – Resident engagement programs
Ismael Guerrero Executive Director 720-932-3106 iguerr@denverhousing.org www.denverhousing.org Delivering for Denver
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