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 | Nov 16, 2021
NOAA, Univ. of Maryland, and ASCE partner on climate-smart engineering codes, standards
Efforts will account for climate change in future infrastructure design and construction.
Codes and Standards | Nov 15, 2021
Intl. Code Council and Modular Building Institute release new off-site construction standards
‘Will create consistency for off-site construction; accelerate the industry’.
Codes and Standards | Nov 12, 2021
GSA will likely shrink federal office space post-COVID
Agency also needs to address maintenance backlog.
Codes and Standards | Nov 10, 2021
Los Angeles launches fast-track office tenant improvements program
Red tape to be cut to make interiors healthier and safer.
Codes and Standards | Nov 9, 2021
Florida state building professionals call for mandatory high-rise building inspections
Group recommendation comes in wake of Surfside condo collapse.
Codes and Standards | Nov 8, 2021
Dept. of Energy to fund 10 pilot smart building projects
Connected communities will accelerate renewable energy adoption and grid resilience.
Codes and Standards | Nov 3, 2021
Fact sheets offer strategies to improve indoor air quality in schools
Center for Green Schools at USGBC document for people without a technical background.
Codes and Standards | Nov 2, 2021
Rapid acceleration of affordable housing development expected over next five years
Federal government programs will spur construction.
Codes and Standards | Nov 1, 2021
New bird-friendly technical design guide released
National Glass Assn. document offers design and installation best practices for glazing.
Codes and Standards | Nov 1, 2021
World’s first chief heat officer tackles how to protect Miamians from extreme heat
Focus on chronic exposure for outdoor workers and for those that can’t afford AC.
