flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Nine states pledge to transition to heat pumps for residential HVAC and water heating

MFPRO+ News

Nine states pledge to transition to heat pumps for residential HVAC and water heating

The states will develop an action plan within a year for widespread electrification of residential buildings.


By Peter Fabris, Contributing Editor | February 15, 2024
Nine states pledge to transition to heat pumps for residential HVAC and water heating. Image by HarmvdB from Pixabay
Image by HarmvdB from Pixabay

Nine states have signed a joint agreement to accelerate the transition to residential building electrification by significantly expanding the use of heat pumps to meet heating, cooling, and water heating demand.

The Memorandum of Understanding was signed by directors of environmental agencies from California, Colorado, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, and Rhode Island. These states set a shared goal for heat pumps to meet at least 65% of residential-scale HVAC and water heating shipments by 2030 and 90% by 2040.

Participating states will collaborate to collect market data, track progress, and develop an action plan within a year to support the goals. The agreement emphasizes collaboration with key stakeholders, including heat pump manufacturers and HVAC installers.

The states also committed to promote installation of zero-emission, grid-interactive technologies in existing state buildings. States will aim to direct at least 40% of efficiency and electrification investments to benefit low-income households.

Related Stories

MFPRO+ News | May 20, 2024

Florida condo market roiled by structural safety standards law

A Florida law enacted after the Surfside condo tower collapse is causing turmoil in the condominium market. The law, which requires buildings to meet certain structural safety standards, is forcing condo associations to assess hefty fees to make repairs on older properties. In some cases, the cost per unit runs into six figures.

Mass Timber | May 17, 2024

Charlotte's new multifamily mid-rise will feature exposed mass timber

Construction recently kicked off for Oxbow, a multifamily community in Charlotte’s The Mill District. The $97.8 million project, consisting of 389 rental units and 14,300 sf of commercial space, sits on 4.3 acres that formerly housed four commercial buildings. The street-level retail is designed for boutiques, coffee shops, and other neighborhood services.

Affordable Housing | May 14, 2024

Brooklyn's colorful new affordable housing project includes retail, public spaces

A new affordable housing development located in the fastest growing section of Brooklyn, N.Y., where over half the population lives below the poverty line, transformed a long vacant lot into a community asset. The Van Sinderen Plaza project consists of a newly constructed pair of seven-story buildings totaling 193,665 sf, including 130 affordable units.

MFPRO+ News | May 13, 2024

Special multifamily report indicates ‘two supply scenarios’

Could we be headed towards a “period of stagflation?” That's the question Andrew Semmes, Senior Research Analyst, poses in the Matrix May 2024 Multifamily Rent Forecast update.

MFPRO+ News | May 10, 2024

HUD strengthens flood protection rules for new and rebuilt residential buildings

The U.S. Department of Housing and Urban Development (HUD) issued more stringent flood protection requirements for new and rebuilt homes that are developed with, or financed with, federal funds. The rule strengthens standards by increasing elevations and flood-proofing requirements of new properties in areas at risk of flooding. 

Adaptive Reuse | May 9, 2024

Hotels now account for over one-third of adaptive reuse projects

For the first time ever, hotel to apartment conversion projects have overtaken office-to-residential conversions.

Mass Timber | May 8, 2024

Portland's Timberview VIII mass timber multifamily development will offer more than 100 affordable units

An eight-story, 72,000-sf mass timber apartment building in Portland, Ore., topped out this winter and will soon offer over 100 affordable units. The structure is the tallest affordable housing mass timber building and the first Type IV-C affordable housing building in the city. 

MFPRO+ News | May 8, 2024

Multifamily rent growth approaches peak levels in April 2024

In its latest multifamily report, Yardi Matrix finds that the national average rent has increased for the second month in a row.

Senior Living Design | May 7, 2024

Living community opens for seniors seeking affordable housing

San Diego-based nonprofit affordable housing developer Community HousingWorks (CHW) celebrates the opening of Puesta del Sol Apartments, a new development with 59 apartments for adults 55 years and older.

Student Housing | May 3, 2024

Student housing construction dips in the first quarter of 2024

Investment in college dorms dipped slightly in the first quarter of 2024, but remains higher than a year ago.

boombox1
boombox2
native1

More In Category




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021