January 17, 2012
Study Represents the Most Comprehensive Analysis of Financial Impacts of Building Retrofits in New York City Multifamily Housing; Additional Support from Living Cities to Activate Findings
Deutsche Bank announced the results of a new study that sets the foundation for what could be an unprecedented change in multifamily lending: the ability to incorporate energy savings projections into underwriting practices. The innovative approach would allow for larger loans to multifamily owners, increasing the availability of capital required to unlock billions of dollars of energy savings potential in the nation’s multifamily building stock. The report, “Recognizing the Benefits of Energy Efficiency in Multifamily Underwriting,” is a comprehensive analysis of energy efficiency retrofits of affordable multifamily housing in New York City.
The report is now accessible via the Deutsche Bank Americas Foundation’s website.