POAH Installs Solar at Two Massachusetts Affordable Complexes
Nonprofit Preservation of Affordable Housing (POAH) recently received the green light from Eversource to operate its newly installed rooftop solar panels at its family affordable housing development in Bourne, MA, following a Gap Energy Grant from the Massachusetts Department of Environmental Protection.
The rooftop solar system at High Meadow Townhomes was facilitated by POAH’s partner grantee, Housing Assistance, a nonprofit provider of housing programs on Cape Cod, and will produce an estimated average savings of $13,000 per year for 25 years on electric costs. Additionally, it is estimated to produce $900 per year for 25 years in Class I Renewable Energy Certificate Revenue through which businesses/individuals can buy environmental attributes of the solar generation to offset carbon emissions from other energy use.
Earlier this year, POAH, along with Resonant Energy, installed solar roof panels on Torrey Woods, a 20-unit family housing development in Weymouth, MA that is expected to save an average of $12,000 annually for 25 years on electric costs.
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Metro Loft, David Werner Secure $231M Loan for Midtown East Residential Conversion
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Rental Affordability Declines in Most Metros, but Improved Housing Quality is a Factor
Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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