The Impact of Energy Efficient Design and Construction on LIHTC Housing in Virginia

Abstract

The purpose of this report is to identify and verify possible benefits of the shift in housing policy by the Virginia Housing development Authority (VHDA) to encourage energy efficiency (EE) in the affordable rental stock in Virginia through the LIHTC program. The research addresses key issues related to Energy Efficiency and affordable housing through a rigorous measurement of economic impacts for low-income residents, distinguishing the effects of design, construction, technologies and behavior per unit. In addition, the research addresses how the policy to use EE might impact developers and owners in terms of property capital and operating costs. Data, analysis and findings focus specifically on facilities constructed to the EarthCraft MultiFamily standard in Virginia, one of the only datasets currently available that allows for this type of inquiry.