LIIF Joins Obama Administration, HUD & DOE to Increase Jobs & Energy Efficiency
The Low Income Investment Fund (LIIF) is pleased to announce that it is the first community development financial institution to join the Obama Administration’s Better Buildings Challenge. The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Energy (DOE) jointly announced the expansion of the President’s nationwide energy efficiency leadership initiative today to include multifamily residential properties. LIIF attended today’s meetings at the White House on the program expansion and to discuss strategies for supporting the initiative.
As one of the Financial Allies for the program, LIIF will help property owners and managers reach ambitious energy reduction goals by providing innovative financial products to help fund energy efficiency projects. In addition, LIIF will share lessons and data from its participation and promote energy efficiency financing opportunities to help advance the sector.
“LIIF is proud to become a Financial Ally for the President’s Better Buildings Challenge program,” said Nancy O. Andrews, President and CEO of LIIF. “Being a Financial Ally for the program’s Multifamily Residential Partners builds on LIIF’s long-standing commitment to bringing the benefits of energy efficiency to low income communities nationwide. Through our participation, LIIF aims to create jobs, save owners, operators and residents money, and produce positive health and environmental benefits.”
In addition to the Better Buildings Challenge, LIIF’s current energy efficiency efforts include two innovative pilot programs for multifamily properties. Through a partnership with members of Stewards of Affordable Housing for the Future (SAHF), LIIF provides financing to support energy retrofits in HUD-assisted multifamily affordable housing. In another program, LIIF, SAHF and the California Housing Partnership are piloting an on-bill payment program for multifamily affordable housing in California.