Multifamily Passive House: Connecting Performance to Financing

Join us for the publication of a groundbreaking study of the first multifamily Passive House projects in New York City, analyzing performance, operational savings and the potential impact of leveraging savings to underwrite the incremental costs of construction.

With the number of Passive House certified projects growing dramatically across the northeast, including many of the most prominent affordable housing projects in New York City, demand also grows for lenders to underwrite utility savings for these levels of performance. The study—a collaboration between the NYC Department of Housing Preservation and Development, Bright Power, Steven Winter Associates, the Community Preservation Corporation, and the Building Energy Exchange — will cut through rumor and speculation with hard data, demonstrating the benefits of Passive House while navigating the challenges. Based off The Passive House White Paper, these key metrics will allow lenders to develop more aggressive underwriting standards that better reflect the true performance of these projects, hurdling first cost barriers and clearing a pathway for wider adoption of multifamily Passive House projects.

Presentation of the study will be followed by a panel discussion moderated by Elizabeth Kelly, Senior Policy Advisor, NYC Mayor’s Office of Sustainability, and including project team members from two of the case studies included in the work. Q&A to follow.

Speakers
Atalia Howe, Manager of Sustainability Programs, Community Preservation Corporation
Jon Braman, Executive Vice President, Strategic Initiatives, Bright Power
Jen Leone, Chief Sustainability Officer, NYC HPD
Eric Bluestone, Partner, Bluestone Organization
Mark Ginsberg, Partner, Curtis + Ginsberg Architects
Joanna Grab, Senior Sustainability Consultant, Steven Winter Associates

Moderator
Elizabeth Kelly, Senior Policy Advisor, NYC Mayor’s Office of Sustainability

Opening Remarks
Sadie Mckeown, Executive Vice President, Community Preservation Corporation