The approved energy consumption software model can be used by qualified professionals approved by the California Tax Credit Allocation Committee (CTCAC) to calculate project specific utility allowances. Thermal loads modeled using ACCA (Air Conditioning Contractors of America) Manual S & J methods. 8. The Energy Consumption Model is included the Colorado Housing Finance Agency Utility Allowance Policy, which was made effective January 1, 2015. Using an Energy Consumption Model, you’ll know what your current utility allowance (UA) really should be. Secretary of State Building, Sacramento. Copies of the RD approved utility allowance must be provided to the Agency during monitoring reviews or when copies of files are submitted for review. Utility Allowance Computation Methods: As a result of HR 3221, the following method of calculating utility allowances for Low Income Housing Tax Credit, Tax Exempt Bond, Neighborhood Stabilization and HOME properties in South Carolina. The energy consumption model must, at a minimum, take into account specific factors including, but not limited to, unit size, building orientation, design and materials, mechanical systems, appliances, characteristics . JPNDC’s goal is to implement utility allowance adjustments in 2019, but if 2018 energy consumption ends up being higher than expected, JPNDC will host another resident energy challenge before setting the allowances. Adrian Ownby. Energy Consumption Model 9. Actual Use Method/Agency Estimate See 10 TAC §§10.614(f) and (g) for information about changes in the utility allowance and requirements for annual review. Outline History leading to CUAC Approved use Overview of CUAC Examples All units of same type in one model Model all configurations of each unit type Recap of important issues Q&A Pg 2. • PJs are no longer permitted to use the utility allowance established by the local PHA. If your UA hasn’t kept pace with changes that would affect it, such as energy-efficiency improvements or rate changes, you could be losing money – every month. Under this new regulation, LIHTC owners must consider more than just energy, water, and sewage consumption when using the Energy Consumption Model. March 10, 2009 . The first three are pretty straightforward, the last four require some doing.\ A building owner may calculate utility estimates using an energy and water and sewage consumption and analysis model (energy consumption model). Energy Consumption Model. Why Energy Consumption Estimates are Important . Figure 1: Relationship Between Utility Allowance and Setting Tenant Rent Utility Allowance $40 Tenant Housing Payment $960 Figure 2: Utility Allowance Pre-Retroit Figure 3: Utility Allowance Post-Retroit + = HOUSING PAYMENT TO LANDLORD OR ‘NET RENT’ Projects that have a utility allowance mandated by another Federal Program (e.g. Allowances must usually be reviewed annually, and adjusted for significant changes. Developers and managers of these properties have the option of providing actual consumption data or conducting energy consumption modeling in lieu of adopting local utility allowances. The HUD Utility Schedule Model (HUSM) has been developed to provide a consistent basis for determining utility schedules, using form HUD-52667, throughout the United States. The model must take into account factors including unit size, building orientation, design and materials, mechanical systems, appliances, and characteristics of the building location. The Internal Revenue Service (IRS) outlines eligible utility allowance models for tax credit programs: 26 CFR 1.420-10 Utility Allowances, which includes the Utility Company Estimate, Actual Usage Estimate incorporated in WSHFC’s “Actual Usage Estimate” and “Energy Consumption Model” methods and Energy Consumption Model. The Energy Consumption Model and the HUD Utility Schedule Model (HUSM) must be completed by a n unrelated, Licensed or Certified Professional. The CUAC can be used by qualified professionals … • If PJs choose not to use the HUSM, the UA must be established using a project-specific methodology. Option D – Energy Consumption Model The utility allowance may be calculated by using an energy and water/sewage consumption and analysis model (energy consumption model). HUD Utility Schedule Model, 3. HUD Utility Schedule Model (HUSM) 6. The PHA allowance must be used for any unit that is receiving rental assistance from a Section 8 voucher, Project Based Rental Assistance or other public housing subsidy. of the building location, and available historical data. Factors that Make LIHTC Business Attractive to Raters. The energy consumption model must, at a minimum, take into account specific factors including, but not limited to, unit size, building orientation, design and materials, mechanical systems, appliances, characteristics of … Any There are seven methodologies. HUD Section 8, Rural Development) may use the utility allowance as determined by the housing contract. Energy Consumption Model 7. Although details vary among specific programs, the basic standard for utility allowances is to approximate “reasonable consumption,” using current utility rates.