Owners and managers of housing portfolios that include at least 2 multifamily buildings of 5 or more units are eligible to join the Better Buildings Challenge (BBC). Current BBC Multifamily Sector Partners include a diverse range of organizations. No preexisting relationship with HUD or the U.S. Department of Energy (DOE) is required to join the BBC. However, organizations that are part of HUD's assisted and public housing programs may be eligible for certain incentives through those programs when joining the BBC. BBC Multifamily Sector Partners must pledge to improve the energy use intensity of their entire multifamily housing portfolio by at least 20 percent within 10 years of commitment.
As a partner of the BBC Multifamily Sector, you commit to:
The primary reason that many partners join the BBC is to achieve significant utility cost savings within their real estate portfolios. As a group, BBC Multifamily Sector Partners are on track to save billions of dollars over the next decade through energy and water efficiency measures that generate high returns on investment. In addition, investment in energy and water efficiency has a range of other positive impacts that also motivate partners to join. As they achieve their BBC energy reduction goals, partners also:
The following are different benefits and incentives that organizations can access once they join the BBC that help them pursue these goals and receive recognition as they achieve them.
Each BBC Multifamily Sector Partner is supported by a BBC Account Manager, who acts as a liaison for the program. Account Managers help partners reach their utility benchmarking reporting requirements and help them develop Showcase Projects, Implementation Models, and Data Displays. Account Managers also keep partners informed about events, trainings, resources, and tools that can help partners meet their goals, as well as the latest news about the BBC and the annual Better Buildings Summit.
HUD offers direct technical assistance to BBC Multifamily Sector Partners to help them meet their energy/water commitments under the BBC. By requesting this service, partners can gain support from experts in architecture, engineering, construction, and finance to overcome specific obstacles that they are facing. In the past, technical assistance has been used to conduct diagnostic building assessments, help structure power purchase agreements, design green O&M protocols, initiate utility benchmarking practices, and to assist with portfolio planning, energy management, and much more.
On an on-going basis, HUD and DOE recognize partner success for achieving program milestones and energy/water efficiency results. Through articles, blogs, tweets, and events, HUD and DOE highlight the leadership of BBC Multifamily Sector Partners and showcase innovative approaches to improving building performance.