- Better Buildings Multifamily Initiative
- Management Add-On Fee Incentive
Better Buildings Challenge (BBC) Multifamily Sector Partners that own HUD-insured or HUD-assisted properties may be eligible to receive a BBC Management Add-On Fee. The BBC Management Add-On Fee is a financial incentive to BBC Multifamily Sector Partners to encourage portfolio-wide utility benchmarking and implementation of energy efficiency measures.
Partners that are actively benchmarking utility data can use these funds to help pay for benchmarking assistance, such as hiring a benchmarking firm or consultant that provides a full scope of services, or applying the funds toward internal staff development. Benchmarking a portfolio is a key part of the BBC commitment to measure progress toward reducing the portfolio’s energy usage by 20 percent over 10 years.
Only those multifamily properties owned by HUD-insured or HUD-assisted partners are eligible for the Management Add-On Fee. Owners may not receive the add-on fee for properties at risk of default.
For more information see HUD’s:
Memorandum for Management Add-On Fees (4/24/2014)
Memorandum for Management Add-On Fees REVISION (9/19/2014)
There are four add-on fees for specific activities, for which partners may be eligible:
||Monthly Add-On Fee
|1. Developing and implementing a property-specific green operations and maintenance plan||$1|
|2. Resident engagement and education to encourage energy and water efficiency behaviors and best practices||$1|
|3. Utility data collection, entry, and/or technical support||$1|
|4. Installation and use of energy data benchmarking and reporting software||$1|
To apply for the Management Add-On Fee, an owner or property manager must do the following:
See HUD's Memorandum for more information.