2B — December 28, 2018 - January 10, 2019 — Owners, Developers & Managers — M id A tlantic

Real Estate Journal


O wners , D evelopers & M anagers Informs building owners potential cost savings CPC’s launches free online interactive ‘Green’ calculator

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COO at CPC. “From savings for owners and better afford- ability for tenants, to greener and cleaner communities, the benefits of sustainable, high- performance buildings are well documented. Our goal is to put this information in the hands of building owners so they can see the benefits of energy-efficient upgrades and take part in creating more sustainable and affordable communities.” Using data collected from thousands of multifamily buildings in Bright Power’s EnergyScoreCards database and other sources, CPC VeriFi calculates opportunities for cost savings based on energy improvements that could be incorporated into simple, mod- erate or substantial scopes of work. “We applaud CPC for their leadership and vision on how to integrate efficiency into building finance. We are thrilled this partnership will make it easier for building owners to understand the fi- nancial benefits of integrating energy and water efficiency measures into their proper- ties. With this information, owners can see that they can provide sustainable, comfort- able homes, and they can do

so while saving money in the long-term,” said Jonathan Braman , vice president of strategic initiatives at Bright Power. To get started, users only need to input three simple data points: 1) the building or project’s location, 2) the ap- proximate age of the building and 3) the number of residen- tial units. CPC VeriFi does the math and returns a range of potential savings from energy and water costs, as well as a range of additional loan pro- ceeds based on a 30-year fixed- rate mortgage. Users have the opportunity to input more detail about their building, such as number of bedrooms, square footage and intended level of planned work, to gen- erate more specific results. Example scopes of work include installing low-flowwa- ter fixtures, ENERGY STAR appliances and LED lighting; various degrees of insulation, weather stripping and area sealing; the repair or replace- ment of hot water heaters, boilers, windows and leaks; installing comprehensive en- ergy management systems; among others. The app can also provide an example scope of work to be downloaded for future use. 

EW YORK CITY, NY — The Commu- nity Preservation

C o r p o r a - tion (CPC) , a nonprofit mu l t i f am - i l y h o u s - ing finance company, in partnership with Bright Power Inc. ,

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has launched an interactive, online software application that calculates the potential cost savings of energy-efficient upgrades to multifamily build- ings. With the free CPC VeriFi tool, building owners only need to enter basic information about their properties to gen- erate an estimate of the eco- nomic benefits of incorporating energy and water efficiency features based on a sample scope of work. Along with the estimate, owners will also see a range of additional loan proceeds that could be used to finance the scope of work. “CPC VeriFi gives multifam- ily owners a quick and easy calculation of potential cost savings from different sustain- ability upgrades based on real data from comparable build- ings,” said Sadie McKeow n, executive vice president &



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