solar for Affordable housing
Affordable housing provides a great opportunity for developing solar at the portfolio scale. Single organizations own multiple sites, enabling aggregation. Frequently, numerous sites are clustered within a neighborhood, strengthening economies of scale. Affordable housing organizations are experts in real estate development and management, skills which are transferable to solar energy systems.
crauderueff & associates, Enterprise Community Partners, and the nht solar initiative
Crauderueff & Associates, Enterprise and the National Housing Trust have partnered to develop solar with affordable housing providers in the New York area. Our partnership has grown from a shared commitment to creating exceptional value for affordable housing owners through solar energy projects.
The NHT has a unique financing model that enables affordable housing owners to develop and own solar while capturing the Federal Solar Investment Tax Credit, which covers approximately 30% of project costs. In turn, housing entities save money (on electric bills) and the corporate owner makes money (by selling the discounted power to its housing entities).
Crauderueff & Associates provides owner’s representation and project management support from project inception through completion. We expand the capacity of the affordable housing developer while ensuring the project is completed on time and within budget.