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
| Jul 23, 2014
Fairfax County, Virginia toughens green standards
The Fairfax County Board of Supervisors recently strengthened its green building policy, requiring higher standards for residential, retail, office and other construction projects seeking approval for rezoning.
| Jul 23, 2014
Berkeley National Lab’s FLEXLAB is a test bed for energy efficient office design
FLEXLAB, short for the Facility for Low Energy Experiments, opened this summer at the Lawrence Berkeley National Laboratory.
| Jul 23, 2014
House passes 2015 GSA budget with 17% cut for new construction projects
The General Services Administration’s construction budget for fiscal year 2015 passed by the House this month includes cuts in both new construction and renovation/repairs compared to 2014.
| Jul 16, 2014
Coastal flooding increasing along East Coast, says report
An analysis of tidal levels and flood data by the news organization Reuters concludes that flooding has increased along the Eastern Seaboard over the past four decades.
| Jul 16, 2014
Local hiring requirement a tough challenge for new Detroit arena project
An agreement for a land transfer from the City of Detroit to Ilitch Holdings Inc., that enabled construction of a new arena for the Detroit Red Wings requires that 51% of the project’s construction workers must come from the city.
| Jul 16, 2014
Local hiring requirement a tough challenge for new Detroit arena project
An agreement for a land transfer from the City of Detroit to Ilitch Holdings Inc., that enabled construction of a new arena for the Detroit Red Wings requires that 51% of the project’s construction workers must come from the city.
| Jul 16, 2014
Massive $6.5 billion Silicon Valley development gets key city approval
The Santa Clara (Calif.) City Council approved the next steps for a massive development project next to Levi’s Stadium, the new home of the San Francisco 49ers.
| Jul 11, 2014
California Supreme Court rules that architects can be sued by condo association
The decision held that even though, on most projects, the developer has the final say on design choices, the architect can’t escape liability to the end user.
| Jul 10, 2014
Latest construction accident fatality statistics reverse trend of declining deaths
The latest data on construction site fatalities for 2012 shows a rise in the death rate to 9.9 per 100,000 workers after 2011 had reached a recent low of 9.1 per 100,000, according to an analysis of data by the AFL-CIO.
| Jul 10, 2014
EPA seeking public comments on site contamination rules
The Environmental Protection Agency (EPA) is accepting public comment on its proposal to eliminate the dual standard for compliance with rules pertaining to testing of land that may have been contaminated by chemical pollution.
