Fannie Mae’s new report on energy usage in the multifamily sector found that affordable properties use 28% less energy per unit and are 29% smaller than market-rate properties. Market-rate units incur higher energy cost and use per square foot because there are more units per 1,000 square feet among affordable properties—1.29 affordable units, versus 0.91 market rate units per 1,000 sf.
The report, “Transforming Multifamily Housing: Fannie Mae’s Green Initiative and Energy Star for Multifamily,” provides comprehensive multifamily energy and water data. The first of its kind report serves as the basis for the EPA’s Energy Star Score for multifamily structures.
Costs differentials on energy use can be very steep for multifamily properties. The least efficient property could spend as much as $165,000 more in annual energy costs than a similar property operating at peak efficiently. When owners paid for all energy costs, median annual energy use was 26% higher than when tenants were responsible for paying energy costs.
In a related development, the EPA made its Energy Star score available for the multifamily sector on September 16. According to Fannie Mae, the score will enable owners and operators of multifamily properties with 20 or more units to quantify the energy performance of their properties.
(http://www.multihousingnews.com/news/fannie-mae-releases-major-study-on-multifamily-energy-use)
Related Stories
Codes and Standards | Jul 12, 2016
OSHA raises maximum civil penalties by 78%
Applies to infractions that occurred after Nov. 2, 2015.
School Construction | Jul 11, 2016
Fight over school funding in Arizona headed to court
Legislature accused of ignoring 1994 ruling ordering state to pick up some of the costs.
Green Specifications | Jul 8, 2016
World Green Building Council sets goal of 100% net-zero buildings by 2050
All new buildings and major renovations to be net-zero by 2030.
Market Data | Jul 7, 2016
Airbnb alleged to worsen housing crunch in New York City
Allegedly removing thousands of housing units from market, driving up rents.
Urban Planning | Jul 7, 2016
Y Combinator project would build new city using new technology, urban policies
Zoning, property rights, building codes all could be re-imagined.
Green | Jul 6, 2016
U.S. healthcare system’s GHG emissions rise 30% in past decade
If U.S. healthcare were a country, it would rank 13th in GHG emissions.
Codes and Standards | Jul 5, 2016
State legislature fails to pass law to extend design-build for New York City projects
Would have allowed five city agencies to use alternate delivery method.
Energy | Jun 30, 2016
Energy Department partnership with CoStar Group will study sustainability impact on property valuation
Database will offer rich data set on energy-efficient buildings in the U.S.
Contractors | Jun 30, 2016
Chicago contractor found guilty of fraud on city’s requirement on minority-owned businesses
Alleged to have been sham business in bid to win city public works contract.
Codes and Standards | Jun 29, 2016
OSHA starts evaluation of construction industry noise standards
New studies indicate significant number of construction workers suffer hearing loss.