Energy and Water Efficiency Fund
Donation protected
Adopting sustainable practices and using renewable energy technologies has begun to catch the attention and approval of the general population. There is good reason for this trend because not only is it better for the environment but it also helps reduce costs related to our energy consumption.
A small multi-family housing property that provides affordable housing understands the importance of following these green trends. The property owners would like to utilize renewable energy technologies and better sustainable practices in order to cut down operating costs and provide a better living experience to their tenants.
Although these additions to the property would pay themselves off over time, acquiring additional funding would be necessary in order to finance these projects. The initial costs of purchasing the equipment, permits, and labor would delay this project indefinitely.
The $500,000 would be used to cover as much as possible of the costs mentioned as well as minimize the amount of additional funds acquired through loans or investors (PACE Loans & Nextseed ). Reaching the funding goal would provide enough financial assistance to ownership that accepting funds that require repayment would make financial sense for the property.
$500,000 would be used to cover the costs of: Roof repairs/upgrades for solar array, upgrade heating/cooling system, performing energy audits for each unit, upgrading/replacing window with energy-efficient windows, purchasing smart thermostats, installing water efficient fixtures and toilets, and remodeling light fixtures within apartments to maximize energy efficiency.
If target fund goal is exceeded the additional funds would be used to further minimize loan amount that would cover: repairs to pavement of parking lot, repairing carports, and adding a laundry/gym/package locker facility.
No donation is too small! Please Share!
A small multi-family housing property that provides affordable housing understands the importance of following these green trends. The property owners would like to utilize renewable energy technologies and better sustainable practices in order to cut down operating costs and provide a better living experience to their tenants.
Although these additions to the property would pay themselves off over time, acquiring additional funding would be necessary in order to finance these projects. The initial costs of purchasing the equipment, permits, and labor would delay this project indefinitely.
The $500,000 would be used to cover as much as possible of the costs mentioned as well as minimize the amount of additional funds acquired through loans or investors (PACE Loans & Nextseed ). Reaching the funding goal would provide enough financial assistance to ownership that accepting funds that require repayment would make financial sense for the property.
$500,000 would be used to cover the costs of: Roof repairs/upgrades for solar array, upgrade heating/cooling system, performing energy audits for each unit, upgrading/replacing window with energy-efficient windows, purchasing smart thermostats, installing water efficient fixtures and toilets, and remodeling light fixtures within apartments to maximize energy efficiency.
If target fund goal is exceeded the additional funds would be used to further minimize loan amount that would cover: repairs to pavement of parking lot, repairing carports, and adding a laundry/gym/package locker facility.
No donation is too small! Please Share!
Organizer
Christian Noesi
Organizer
Missouri City, TX