Recent events in terms of the environment and economic markets have made clear the need to refocus on activities that are sustainable from a variety of perspectives.
We at Hampstead define sustainable housing as that which:
“Favorably serves its purpose with the long-term capacity to stand on its own, without undue outside influence.”
New technologies have been developed, which, when implemented properly can add tremendous value to existing assets in terms of cash flow and long term viability. Moreover, many such technologies can be deployed with little if any out of pocket costs to project owners.
Affordable regulatory overlays can add complexities to the equation. Often properties have partnership and regulatory structures that make it difficult to readily get benefits to the bottom line so as to benefit those investors and developers who make the projects possible to begin with.
Sustainable Technologies Group provides a comprehensive approach to saving energy and reducing operating costs for existing structures. STG assists property owners with basic energy efficiency improvements to their building envelope while also reducing energy use through replacing inefficient heating and cooling equipment and reducing water use as well as integrating alternative energy sources such as Photo-voltaic or fuel cell technologies.
Hampstead’s sustainable technology team concentrates on adding value to multifamily properties and bringing the benefits to the bottom line through implementation. It offers comprehensive services to its clients on a consulting and implementation basis designed to:
• Identify opportunities to cut costs and increase returns
• Provide expertise as it relates to new technologies and implementation
• Measure estimated benefits as compared to net costs
• Identify and bring subsidies/rebates and financing sources to the table
• Assist developers with respect to incorporating green technologies into their LIHTC applications in such a way as to maximize applicable basis and point score
• Draft and implement comprehensive development plans as they relate to such systems
• Document projected benefits so that they may “capitalized”
• Structure partnerships in such a way so as to bring benefits to the bottom line
Contact our managing director of Sustainable Technologies Group, Jennifer Ayala at 619/ 985-9280 (jennifer@hampstead.com) for additional information on how we can help to meet your goals
