Washington Gas Multifamily Incentive Program
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As the region continues to plan, design and deliver more multifamily projects, Washington Gas developed the Multifamily Incentive Program (MIP) to serve as a valuable resource for developers of condo, market rate rental and affordable housing projects. Whether your project is new construction, a renovation, small- scale or large, the MIP can dramatically reduce upfront capital costs associated with integrating individual unit natural gas meters in multifamily projects.
On average, MIP participants have received $1,000 per unit, with some recipients receiving funds to cover their internal piping cost completely. Among several benefits that the MIP offers, developers can reinvest capital into other areas essential to their project’s success and most importantly, tenants can enjoy the energy efficiency and cost savings natural gas provides.
Join us on November 30, 2017 from 12:00 – 2:00 pm at National Association of Realtors, 500 New Jersey Ave. NW, Washington, DC 20001 to learn more about how you and your team can develop projects with natural gas. Following an introduction, attendees will hear two case studies illustrating how developers benefited from the program. Topics to be discussed include:
- Integrating Multifamily Incentive Program funding into affordable housing development and leveraging the incentive with other funding sources.
- The value proposition of developing with natural gas; and the benefits to tenants and property owners of affordable housing.
- How to qualify for the program.
- Positioning and designing your project to maximize incentive dollars.
Registration fees: This event is free to current HAND Members; Non-Member Fee: $75.
Lunch will be served. Thank you to our sponsor Washington Gas!