LIHTC and Private Financing for Efficiency Upgrades at Los Robles Apartments
U.S. Department of Energy
Built in 1974, Los Robles, a property in CA, was acquired by EAH Housing in 1995 under the Low Income Housing Preservation and Residential Homeownership Act (LIHPRHA). The property’s 140 units are spread across 19 two-story buildings in a campus-like setting. Initial energy use at Los Robles continued to increase over time due to the multifamily property’s age and building configuration, making it a prime candidate for energy- and water-efficiency upgrades.
Los Robles was one of the first LIHPHRA projects in the country to leverage Low-income Housing Tax Credits (LIHTC) and private capital to finance comprehensive energy- and water-efficiency retrofits. EAH Housing was able to take advantage of surging tax credit pricing and low permanent-loan interest rates to fund the full scope of rehabilitation.
View the full case study, including details on financing and outcomes, on the Better Buildings Challenge website.
