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HomeMy WebLinkAboutMINUTES - 07262005 - HA1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA TO: BOARD OF COMMISSIONERS FROM: Robert McEwan, Executive Director DATE: July 26, 2005 SUBJECT: APPROVE THE ENERGY EFFICIENCY-BASED UTILITY ALLOWANCE SCHEDULE— EEBUA FOR NEW CONSTRUCTION AND REHABILITATION PROJECTS UNDER THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM SPECIFIC REQUESTS) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION I. RECOMMENDED ACTION: APPROVE the Energy Efficiency-Based Utility Allowance Schedule (EEBUA) for new construction and rehabilitation projects under the Section 8 Housing Choice Voucher Program, and AUTHORIZE the Executive Director to implement changes to the Standard Utility Allowance Schedule currently utilized by the Section 8 Housing Choice Voucher Program using the Energy Efficiency-Based Utility Allowance Schedule (EEBUA). II. FINANCIAL IMPACT: None III. REASONS FOR RECOMMENDATION/BACKGROUND: Several projects in the Housing Authority's jurisdiction are funded by Tax Credits and receive additional credits and funding for energy efficiency. The Housing Authority proposes to further support affordable housing owners and developer in investing in energy efficiency through adopting and implementing Energy Efficiency-Based Schedules. This program seeks to achieve a transformation in the way public housing authorities establish and administer their utility allowance schedule (UAS). The UAS plays a key role in bridging the "split incentive gap" between building owners who must pay for the energy efficiency improvements and the income-qualified tenants who reap all of the benefits of the energy cost savings (or lack thereof). Successful participation in the program involves adoption of a modified, energy efficiency-based utility allowance schedule and the accompanying materials and minimal administrative infrastructure to support the program goals. CONTINUED ON ATTACHMENT: X YES SIGNATURE ` RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON APPROVED AS RECOMMENDED OT ER VOTE OF COMMISSIONIUS I HEREBY CERTIFY THAT THIS IS A UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN AYES: NOES: ACTION TAKEN AND ENTERED ON THE ABSENT: ABSTAIN: MINUTES OF THE BOARD OF COMMISSIONERS ON THE DATE SHOWN. ATTESTED C%�W6,6 "THeBOARD SWEETE ,CLERK OF OF COMMISSIONERS AND COUNTY ADMINISTRATOR 4 • BY ,DEPUTY Maryf ntz\H:\JudyHayes\MSOFFICE\WINWORD\BOARD\BO-Energy Efficiency Schedule.doc Optional 11premiump) services are available that would allow the consultancy group of Heschong Mahone Group, Inc., funded by the California Public Utilities Commission to market and implement the program on behalf of the Housing Authority, also at no charge. A limited amount of cash incentives is available to the owners of income-qualified housing within the jurisdiction of the Housing Authority once the Energy Efficiency-Based Utility Allowance schedule has been adopted. This combined effort sends a clear message that, along with helping to lower energy bills, saving energy, and providing a long-term mechanism for owner-developers to recover their investment in energy efficiency and on-site generation, the Housing Authority fully supports saving energy and understands the correlation between energy savings and home affordability and comfort. In essence, the Housing Authority would also be advocating an environmentally friendly and energy-efficient Contra Costa County. CONSEQUENCES OF NEGATIVE ACTION: Should the Board of Commissioners elect not to approve these actions, the Housing Authority would not be supporting a public-purpose program sponsored by the California Public Utilities Commission, that promotes the construction and rehabilitation of energy efficiency in affordable multifamily housing. The program is called "Designed for Comfort: Energy-Efficient Affordable Housing" and is administered by the Heschong Mahone Group, Inc., of Fair Oaks, California. All costs of participation in this program are covered through the "Public Good Charge found on California ratepayer's utility bills. Page 2 of 2 Maryfintz\H:\JudyHayes\N4SOFFICE\WINWORD\BOARD\BO-Energy Efficiency Schedule.doc An Energy Efficiency-Based Utility Allowance Schedule Encouraging Energy Efficient Affordable Housing Construction and Retrofits in Contra Costa County August 5, 2004 HMG Project # 0401 Designed for Comfort: EFFICIENT AFFORDABLE HOUSING Submitted to: HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA HESCHONG MAHONE GROUP, INC. 11626 Fair Oaks Blvd. #302 Fair Oaks, CA 95628 Phone:(916) 962-7001 Fax: (916) 962-0101 e-mail:info@h-m-g-com website: www.h-m-g.com r HOUSING AUTHORITY OF THE COUNTY of CONTRA COSTA TABLE OF CONTENTS EXECUTIVE SUMMARY _ _ 1 INTRODUCTION 2 1. UTILITY ALLOWANCE SCHEDULES —2 2. IMPACT OF AN ENERGY EFFICIENCY-BASED UTILITY ALLOWANCE ON THE TENANT 7 3. CONCLUSIONS_ 8 APPENDIX A—A CASE STUDY 9 Benefits to Tenants and Owner-Developers _ _ 10 APPENDIX B— ENERGY EFFICIENCY-BASED UTILITY ALLOWANCE SCHEDULE METHODOLOGY 12 Introduction 12 Energy Efficiency-Based Utility Allowance for Retrofit 12 Energy Efficiency-Based Utility Allowance for New Construction _ _ 12 The Energy Efficiency-Based Utility Allowance Schedule Tool 15 HESCHONG MAHONE GROUP, INC. Page i August 3, 2004 HOUSING A U THORI TY OF THE COUNTY OF CONTRA Cos TA TABLE OF FIGURES Figure 1: Current Contra Costa County Standard Utility Allowance Schedule -4 Figure 2: Proposed Energy Efficiency-Based Utility Allowance Schedule for Retrofit - 5 Figure 3: Proposed Energy Efficiency-Based Utility Allowance schedule for New Construction 6 Figure 4: Impact on Estimated Tenant Energy Costs 7 Figure 5: Hypothetical Project Rental Income 9 Figure 6: Energy Efficiency-Based Utility Allowance Schedule Tool 16 HESCHONG MAHONE GROUP, INC. Page it August 3, 2004 1-76USING AUTHOR/TY OF THE CouNTy OF CoNTRA COSTA National Housing Goal "The Congress affirms the national goal that every American family be able to afford a decent home in a suitable environment." US Title 42, Chapter 130, SubChapter/, Sec. 12701. State Energy Goal "Light and heat are basic human rights and must be made available to all the people at low cost for basic minimum quantities." CA Statutes Chapter 1010, 1975, Miller-Warren Energy Lifeline Act., Sec. 1(a) EXECUTIVE SUMMARY This document is the first deliverable of a public-purpose program sponsored by the California Public Utilities Commission which promotes the construction and rehabilitation of energy efficiency in affordable multifamily housing. The program is called Designed for Comfort: Efficient Affordable Housing and is administered by the Heschong Mahone Group, Inc., of Fair Oaks, California. All costs of participation in this program are covered through the "public goods chargell on California ratepayer's utility bills. The program seeks to achieve a transformation in the way public housing authorities establish and administer the utility allowance schedule (UAS). The UAS plays a key role in bridging the "split incentive gap" between building owners who must pay for the energy efficiency improvements and the income- qualified tenants who reap all of the benefits of the energy cost savings (or lack thereof). Initial participation in the program involves a commitment from housing authority staff to investigate the advantages of the program and,to allow Designed for Comfort staff to highlight the features and benefits of the program during a short presentation. No commitment of funds is required. The initial deliverable is this report followed by staff training and assistance in developing an implementation report. Successful participation in the program involves adoption of a modified, energy efficiency-based utility allowance schedule and the accompanying materials and minimal administrative infrastructure to support the program goals. Optional 14premiumly services are available that allow Designed for Comfort staff to market and implement the program on behalf of the Housing Authority, also at no charge. A limited amount of cash incentives is available to the owners of income-qualified housing within the jurisdiction of the housing authority once the Energy Efficiency-Based Utility Allowance schedule has been adopted. HESCHONG MAHONE GROUP, INC. Page I August 3, 2004 A HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA INTRODUCTION An affordable home must not impose undue burdens upon its tenants. By far, the two largest components of the typical housing burden are rent and utility bills. Therefore, the role of utility bills in determining whether or not housing is actually affordable should not be underestimated. Inability to pay utility bills has been noted as the second leading economic cause of homelessness.' The recent increase in energy rates in California and the potential for future, possibly volatile fluctuations in energy rates only makes this a more important issue in California. More energy efficiency in housing not only benefits the tenants in keeping their present utility bills down, it also helps to insulate them from potential future fluctuations; fluctuations due to dynamic variables such as weather, or fuel price volatility. Investments in the energy efficiency of housing can help to reduce the costs associated with utility bills but can also result in a higher cost to the developer. In market rate housing, developers can pass any potential first costs from improved energy efficiency on to the tenants. However, when rents are constrained by affordable housing programs, developers simply have to absorb the cost increment, reducing their potential profit. Neither of these two alternatives provides sufficient incentive for them to increase the stock of energy efficient affordable housing; the former decreases affordability, and the latter decreases the chances of having the measures installed. Residential property for rent, when the rents are constrained by public purpose regulations, is the classic example of what is known as "split incentives." The owner is required to pay any costs of making the building more energy efficient, and yet none of the direct benefits of those investments flow to the owner. The tenant is the one who will reap most of the benefits of the upgrades, and yet the tenant has no say in the level of investment in energy efficiency. However, the utility allowance affords an opportunity to "transfer" some of the benefit reaped from lower utility bills from the tenant to the developer. With a reduction in real utility costs to the tenant, the utility allowance can be reduced to reflect these savings. This reduction in turn frees up a portion of the tenant's housing burden so that it can be applied toward rent, and this can be done without adversely affecting the tenant. 1. UTILITY ALLOWANCE SCHEDULES We propose that the Housing Authority of the County of Contra Costa adopt a utility allowance schedule with the express purpose of providing developers a greater stimulus for including energy efficiency, and thereby increasing the stock Karen Brown, Ex Dir,Colorado Energy Assistance Foundation. James Benfield, Ex Dir,Campaign for Home Energy Assistance. HESCHONG MAHONE GROUP, INC. Page 2 August 3, 2004 HOUSING A UTHORI TY OF THE CouNTy OF C01VTRA COSTA of truly affordable housing in Contra Costa County. We don't propose abandoning the current schedule, nor even starting from a different premise for creating the Energy Efficiency-Based Utility Allowance schedule. We propose a new schedule in addition to the existing Standard Utility Allowance schedule. The new Energy Efficiency-Based Utility Allowance schedule (EEBUA) would include two paths, one for new construction housing verified to be at least 15% better than the current state minimum standards (2001 Title 24 Energy Efficiency Standards) and one for existing housing that has been retrofitted to improve its energy efficiency by 20%. (The Housing Authority may decide that they want to set a higher standard than 20% improvement for retrofit projects). Through the use of an Energy Efficiency-Based Utility Allowance, developers and owners of both new construction and existing properties can recoup some or all of the utility cost of energy efficiency upgrades in the form of increased rent. However, this can be done without increasing the total housing burden on those tenants since tenants reap the energy and utility cost savings from those upgrades. Figure 1 shows the Standard Utility Allowance of Contra Costa County for `apartment/Duplex/Condo' unit types as an illustration. Based on this Utility Allowance schedule, the proposed EEBUA for retrofit buildings (Figure 2) and new construction (Figure 3) are calculated. Following this same methodology, we can develop the EEBUA for single family units and for other areas in Contra Costa County. HESCHONG MAHONE GROUP, INC. Page 3 August 3, 2004 1 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA Standard Schedule Monthly Dollar Allowances Utility or Service 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Heating a. Natural Gas $10 $12 $14 $16 $17 $19 b. Bottle Gas $20 $25 $28 $33 $36 $39 c.Oil/Electric $10 $12 $17 $20 $22 $27 d.Heat Pump $11 $14 $21 $23 $22 $29 Cooking a. Natural Gas $3 $4 $5 $7 $9 $10 b. Bottle Gas $3 $4 $6 $7 $9 $10 c.Oil/Electric $2 $3 $4 $4 $4 $4 d.Microwave $1 $2 $2 $2 $3 $3 Other Electric $18 $22 $30 $37 $43 $46 Air Conditioning Water Heating a. Natural Gas $7 $8 $11 $14 $16 $17 b. Bottle Gas $14 $17 $22 $28 $33 $36 c.Oil/Electric $14 $17 $27 $34 $35 $34 d.Coal/Other Water $24 $31 $45 $52 $59 $66 Sewer Trash Collection $20 $20 $20 $20 $20 $20 Range/Microwave $2 $2 $2 $2 $2 $2 Refrigerator $3 $3 $4 $4 $5 $5 Figure 1: Current Contra Costa County Standard Utility Allowance Schedule HESCHONG MAHONE GROUP, INC. Page 4 August 3, 2004 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA Energy Efficiency Based Retrofit Schedule Utility or Service 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Monthly Dollar Allowances Heating a. Natural Gas $9 $10 $12 $14 $14 $16 b. Bottle Gas $17 $21 $24 $28 $31 $33 c.Oil/Electric $9 $10 $14 $17 $19 $23 d.Heat Pump $9 $12 $18 $20 $19 $25 Cooking a. Natural Gas $3 $4 $5 $7 $9 $10 b. Bottle Gas $3 $4 $6 $7 $9 $10 c.Oil/Electric $2 $3 $4 $4 $4 $4 d.Microwave $1 $2 $2 $2 $3 $3 Other Electric $18 $22 $30 $37 $43 $46 Air Conditioning Water Heating a. Natural Gas $6 $7 $9 $12 $14 $14 b. Bottle Gas $12 $14 $19 $24 $28 $31 c.Oil/Electric $12 $14 $23 $29 $30 $29 d.Coal/Other Water $24 $31 $45 $52 $59 $66 Sewer Trash Collection $20 $20 $20 $20 $20 $20 Range/Microwave $2 $2 $2 $2 $2 $2 Refrigerator 1 $3 1 $3 1 $4 1 $4 $5 1 $5 Figure 2: Proposed Energy Efficiency-Based Utility Allowance Schedule for Retrofit HESCHONG MAHONE GROUP, INC. Page 5 August 3, 2004 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA Energy Efficiency Based New Construction Schedule Utility or Service 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR Monthly Dollar Allowances Heating a. Natural Gas $6 $8 $9 $10 $11 $12 b. Bottle Gas $13 $16 $18 $21 $23 $25 c.Oil/Electric $6 $7 $10 $12 $13 $16 d.Heat Pump $6 $8 $12 $13 $13 $17 Cooking a. Natural Gas $3 $4 $5 $7 $9 $10 b. Bottle Gas $3 $4 $6 $7 $9 $10 c.Oil/Electric $2 $3 $4 $4 $4 $4 d.Microwave $1 $2 $2 $2 $3 $3 Other Electric $18 $22 $30 $37 $43 $46 Air Conditioning Water Heating a. Natural Gas $6 $7 $9 $12 $13 $14 b. Bottle Gas $11 $14 $18 $23 $27 $29 c.Oil/Electric $14 $17 $27 $34 $35 $34 d.Coal/Other Water $24 $31 $45 $52 $59 $66 Sewer Trash Collection $20 $20 $20 $20 $20 $20 Range/Microwave $2 $2 $2 $2 $2 $2 Refrigerator $3 $3 $4 $4 1 $5 1 $5 Figure 3: Proposed Energy Efficiency-Based Utility Allowance schedule for New Construction HESCHONG MAHONE GROUP, INC. Page 6 August 3, 2004 f HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA 2. IMPACT OF AN ENERGY EFFICIENCY-BASED UTILITY ALLOWANCE ON THE TENANT When dealing with affordable housing, there is a legitimate concern about the affordability impact effect of reducing the utility allowance for the tenant. On the most basic level, any increase in rent should be completely offset by the decrease in the tenant's utility bills. However, as a safeguard, we have formulated the Energy Efficiency-Based Utility Allowance schedule so that some of the energy cost savings from the improved energy efficiency of the unit flow directly to the tenant. Simply put, the Utility Allowance is not reduced as much as the projected reduction in utility costs. The result is that the tenant actually ends up paying less each month in utilities than s/he receives from the reduced utility allowance. The following table compares the actual energy costs for a tenant in a standard dwelling unit to the actual energy costs for a tenant in an unit that is 15% more energy efficient than the current energy standards. It demonstrates that the even though the utility allowance for the energy efficient unit is less than that for the standard unit, the estimated energy cost is actually even lower than that. The table assumes that the Standard Utility Allowance accurately reflects tenants' utility costs, and also assumes energy rates of$0.15/kWh for electricity and $0.70/therm for gas. UTILITY OR SERVICE 2-BR 2-BR Energy Standard Actual Efficient Actual Schedule Energy Cost Schedule Energy Cost Gas Space Heating $14 $14.00 $9 $7.36 Space Cooling $0 $0.00 $0 $0.00 Gas Water Heating $11 $11.00 $9 $8.39 Cooking(gas) $5 $5.00 $5 $5.00 Water $45 $45.00 $45 $45.00 Sewer Trash Collection $20 $20.00 $20 $20.00 Range/Microwave $2 $2.00 $2 $2.00 Refrigerator $4 $4.00 $4 $4.00 TOTAL L $101 $101.00 $94 $91.75 Figure 4: Impact on Estimated Tenant Energy Costs HESCHONG MAHONE GROUP, INC. Page 7 August 3, 2004 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA 3. CONCLUSIONS This report is provided to the Housing Authority of the County of Contra Costa as a proposal to restructure the utility allowance schedule in such a way as to promote the improvement of energy efficiency of affordable housing. The next step is for the Housing Authority to adopt the revised utility allowance in its next general meeting. HMG does not have any estimates of the number of units that are likely to be improved because of this program. What is clear is that the affordable housing crisis is exacerbated by unstable energy prices. Several developers we have dealt with say this type of program can make a significant improvement in their profitability and therefore their willingness to build in a specific community. The pace, type and potential impact of efficiency upgrades will depend upon the age of the home, the type of heating and cooling equipment currently installed, and the number of complaints the building owner currently receives from tenants. The Housing Authority plays a key role in communicating the various options available to owners in order to minimize the loss of"at risk" housing units. The Energy Efficiency-Based Utility Allowance is one tool at the disposal of the Housing Authority of the County of Contra Costa to bridge the split-incentive gap between owners and tenants. The HESCHONG MAHONE GROUP, INC. stands behind the recommendations of this report and makes services available to the Housing Authority to help resolve any issues which may arise. HESCHONG MAHONE GROUP, INC. Page 8 August 3, 2004 HOUSING AUTHOR/TY of THE CouNTY of CONTRA COSTA APPENDIX A-A CASE STUDY The following is a case study to illustrate the impact that an Energy Efficiency- Based Utility Allowance schedule would have on a hypothetical new construction project. We use a project with 40 two-bedroom units and 12 three-bedroom units. Some of the assumptions (e.g, rents, allowable housing burdens for tenants, "other" laundry income associated with the property, etc.) were drawn from a 53-unit apartment complex in Southern California called, "Vista Verde Apartments." All but one of the units were designed to be affordable to low and very low-income families (41%-47% of median area income). Figure 5 excerpts information from a table in the Development Form - Rental Income, in the application submitted to the local Housing Authority by the developer. Figure 5 shows what the rents and income figures would have been had a New Construction Energy Efficiency-Based Utility Allowance schedule been in place and utilized for this project. Figure 5 also shows the difference between the rental income using the two schedules. Notice that the developer receives an additional $4,512 in rents per year over the term of eligibility for the Energy Efficiency-Based Utility Allowance schedule without impacting the tenants' total housing burden. Standard Schedule Total Cost Monthly of Utility Monthly Yearly Bedrooms Number of Housing Allowance Net Rent Gross All Unit Type per Unit Units per Unit per Unit per Unit Units 2-BR 2 40 $716 $101 $615 $295,365 3-BR 3 12 $716 $115 $601 $869594 Total Rent per Year $381,959 Energy Efficiency Based New Construction Schedule Total Cost Monthly of Utility Monthly Yearly Bedrooms Number of Housing Allowance Net Rent Gross All Unit Type per Unit Units per Unit per Unit per Unit Units 2-BR 2 40 $716 $94 $622 $298,725 3-BR 3 12 $716 $107 $609 $879746 Total Rent per Year $386,471 Total Rent per Year(w/o Energy Efficient Utility Allowance Tier 2 $381,959 Difference $4,512 Figure 5: Hypothetical Project Rental Income HESCHONG MAHONE GROUP, INC. Page 9 August 3, 2004 HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA Benefits to Tenants and Owner-Developers The benefits of this utility allowance to owner-developers and tenants can be explained using an example as shown in Figure 6: In case 1 (image on left), if the total allowable housing burden for a particular low-income two bedroom dwelling unit in Contra Costa is $500, with a utility allowance of$101, using the standard utility allowance schedule, (see Figure 4), then the rent that goes to the building owner is $399 per unit per month. In case 2, if the building owner installs energy efficiency upgrades qualifying the project for the energy efficiency based utility allowance schedule, the utility allowance is reduced to $94 (see Figure 4). The remaining $406 (housing burden of$500 minus new utility allowance of$94) goes as rent to the owner-developer. Case 2 creates a benefit to the owner (a repayment of his/her investment in energy efficiency) with the rent increase from $399 to $406 for each dwelling unit per month. The net housing burden of the tenant still remains at $500. Since the dwelling unit is energy efficient, the tenant may pay $92 for his/her bills and hence saving $2 on his/her monthly utility bills. f Otto Ao Rentl Cre'. Hsi BrsHOusting- .0 ui 501 UtlAt-y. llov ' 4 ►i c t :t n t �> 1 uti i.+,I os 'etc teinw.i,) .° a2 400 $4.06 .'Renftb Owner Rent t6 01"er. Standard Utility Allowance Energy Efficiency-Based Utility Alloi-owance Figure 6: Pie Chart Indicating the distribution of Standard Utility Allowance (left) and Energy Efficiency Based Utility Allowance (right) Table 1 below shows the fifteen-year annual net income for our hypothetical project comparing the Standard Utility Allowance schedule with the recommended Energy Efficiency-Based Utility Allowance schedule. The top half of the table shows the income and expense estimates from the application for the project. The bottom half shows what the income and expenses would have been in the estimate given the following assumptions: ♦ $5000 additional first costs (52 units X $96/unit) ♦ Rents from the table in Figure 5 above ♦ Repayment (to the lender) of the $5000 upgrade cost HESCHONG MAHONE GROUP, INC. Page 10 August 3, 2004 c HOUSING AUTHORITY of THE COUNTY of CONTRA COSTA ♦ No additional "Other" income or additional operating expense (the laundry facilities are assumed to be unchanged) Mortgage Amount $963,000 Rental Income(Tier 1) $381,959 Other Income $4,800 Upgrade Cost $5,000 Rental Income(Tier 2) $386,471 Operating Expense $105,000 Mortgage Rate 4.50% Vacancy Rate 5.00% Expenses 3.50% Rent and other Rates 2.50% Standard Schedule Year 1 1 2 3 4 5 1 6 7 13 14 15 Rental Income $381,959 $391,507 $401,295 $411,328 $421,611 $432,151 $442,955 $513,692 $526,534 $539,697 Cher Income $4,800 $4,920 $5,043 $5,169 $5,298 $5,431 $5,567 $6,455 $6,617 $6,782 Gross Income _ $386,759 $396,427 $406,338 $416,497 $426,909 $437,582 $448,521 $520,147 $533,151 $546,480 Vacancy $19,338 $19,821 $20,317 $20,825 $21,345 $21,879 $22,426 $26,007 $26,658 $27,324 Effective Gross Income $367,421 $376,606 $386,021 $395,672 $405,564 $415,703 $426,095 $494,140 $506,493 $519,156 Operating Expense $105,000 $107,625 $110,316 $113,074 $115,900 $118,798 $121,768 $141,213 $144,744 $148,362 Net Operating Income $262,421 $268,981 $275,706 $282,598 $289,663 $296,905 $304,327 $352,926 $361,750 $370,793 Debt Service $89,669 $89,669 $89,669 $89,669 $89,669 $89,669 $89,669 $89,669 $89,669 $89,669 Residual Cash_ $172,752 $179,312 $186,037 1 $192,930 $199,995 $207,236 $214,659 $263,258 $272,081 $281,125 Cumulative Residual y $172,752 $352,064 $538,101 $731,031 $931,026 $1,138,262 $1,352,921 $2,807,472 $3,079,553 $3,360,678 Energy Efficient New Construction Schedule Year __ 1 2 3 4 5 6 7 13 14 15 Rental Income $386,471 $396,132 $406,036 $416,186 $426,591 $437,256 $448,187 $519,760 $532,754 $546,073 Other Income $4,800 $4,920 $5,043 $5,169 $5,298 $5,431 $5,567 $6,455 $6,617 $6,782 Gross Income _ $391,271 $401,052 $411,079 $421,356 $431,889 $442,687 $453,754 $526,215 $539,371 $552,855 Vacancy $19,564 $20,053 $20,554 $21,068 $21,594 $22,134 $22,688 $26,311 $26,969 $27,643 371,707 $381,000 $390,525 $400,288 $410,295 $420,552 $431,066 $499,905 $512,402 $525,212 Effective Gross Income=:=$ Operating Expense $105,000 $107,625 $110,316 $113,074 $115,900 $118,798 $121,768 $141,213 $144,744 $148,362 Net Operating Income $266,707 $273,375 $280,209 $287,214 $294,395 $301,754 $309,298 $358,691 $367,659 $376,850 Debt Service $90,134 $90,134 $90,134 $90,134 1 $90,134 $90,134 $90,134 _$90,134 $90,134 $90,134 Residual Cash $176,573 1 $183,240 1 $190,075 $197,080 1 $204,260 $211,620 $219,164 $268,557 $277,524 $286,716 Cumulative Residual 1 $176,573 1 $359,813 1 $549,888 $746,968 1 $951,229 $1,162,849 $1,382,013 $2,866,317 $3,143,842,$3,430,557 Yearly Difference $3,821 1 $7,749 1 $11,787 1 $15,937 1 $20,203 1 $24,587 1 $29,092 1 $58,846 1 $64,289 $69,880 Table 1: Income and Expense Comparison Note that in both sections of the table, years 8-12 are present in the calculations but collapsed (not shown) in the table since these columns add little additional information. The most notable lesson of the table is that even with a larger debt service payment for the initial four years (more than enough to cover the additional cost of measures even WITHOUT a utility program incentive) the residual cash is significantly larger. The cumulative residual cash by the 7th year is about $29,000 larger, and about $69,880 after 15 years. The developer is able to make more return on his/her investment while the tenants' total housing burden is not increased but rather slightly decreased while they also realize the value of increased comfort. HESCHONG MAHONE GROUP, INC. Page 11 August 3, 2004 HOUSING AUTHOR/TY Of THE COUNTY OF CONTRA COSTA APPENDIX B — ENERGY EFFICIENCY BASED UTILITY ALLOWANCE SCHEDULE METHODOLOGY Introduction The methodology used to develop an Energy Efficiency-Based Utility Allowance (EEBUA) schedule is not a substitute for the Housing Authority's current method of creating a utility allowance schedule, but rather builds upon it. The Energy Efficiency-Based Utility Allowance involves two paths, one for new construction built to 15% better than the current standards, and one for existing construction that has been retrofit to improve energy performance by 20%. In both cases, the existing utility allowance schedule is used as the representation for energy use of the average of the units in the jurisdiction. With this as the baseline, the Energy Efficiency-Based Utility Allowance schedules were produced by adjusting the numbers in the Standard Utility Allowance schedule to represent energy efficient versions. The following sections of this report present the methodologies used to develop both the Energy Efficiency-Based Utility Allowance schedules for retrofit and new construction. Energy Efficiency-Based Utility Allowance for Retrofit Adjusting the Standard Utility Allowance schedule for energy efficient retrofit projects is very straightforward. A 20 percent improvement in energy efficiency will correspond to at least 20 percent reduction in energy costs. However, a "cushion" is built into the adjustment to ensure that the tenant benefits by reducing the utility allowance benefit by only 15 percent. The Standard Utility Allowance schedule is proportionately reduced to produce the Energy Efficiency- Based Utility Allowance schedules for retrofit buildings. Energy Efficiency-Based Utility Allowance for New Construction The process for adjusting the standard utility schedule for energy efficient new construction is more complex. We used computer modeling to develop a ratio of energy use in efficient new construction compared to typical existing construction. We analyzed the performance of a set of typical buildings with a set of features representing an average of building vintages (e.g., 1980 building practices). We then used these results to create a ratio between the energy performance of the "existing construction" models and the performance of those same buildings as if they were built to a standard 15 percent better than the current energy standards. That resulting ratio is then applied to the existing utility allowance schedule to generate the Energy Efficiency-Based Utility Allowance schedule for new construction. HESCHONG MAHONE GROUP, INC. Page 12 August 3, 2004 HOUSING AUTHOR/TY of THE COUNTY of CONTRA COSTA The Building Models The basis for the set of building models is a standard two-story, 16 unit multifamily building developed by the California Energy Commission. The sixteen units are arranged linearly with a central common wall and eight units opening on each long wall. A version of this model was then developed with all units of one unit type; a type found in the Contra Costa Utility Allowance schedules studio apartments, one-bedroom units, etc. This resulted in six building models; one with 16 studio apartments, one with 16 one bedroom apartments, one with 16 two bedroom apartments, etc. We also developed versions of the model for representing gas and electric space heating. The conditioned volume and envelope areas were increased to match the unit type (number of bedrooms per apartment). The ratio of window area to floor area was kept constant across all the models. The building features (wall insulation, furnace efficiency, window specifications, etc.) for models representing the existing condition were taken from the California Residential Manual's section on default assumptions for modeling existing buildings2 and can be found in Table 2 of this report. The features used for the "existing" models are what the Commission considers to be typical for 1978 vintage homes, but may actually be better (more efficient) than what is likely to be found as an average of conditions for a population of existing buildings in California. Feature Existing Model (Standard Model) 2001 Prescriptive Min. Roof R-value R-19 .047 U-factor R-30—R-38 Wall R-value R-11 .098 U-factor R-13—R-19 Slab Ede .76 U-factor .76 U-factor Duct Insulation R-2.1 R-4.2 Building Leakage SLA 4.9 4.9 Duct Leakage 28% 6% Window U-factor 1.02 .60- .75 Window SHGC .64 .40—No Reg. Gas Furnace .78 .78 Electric Heat Pump 5.6 6.8 Space Cooling 8 SEER 10 SEER Domestic Water Heating .53 .58(or.53 with R-12 blanket Table 2: Assumed Features for"Existing"Models and Current Standards 2"CEC Residential Manual for Compliance with the Energy Efficiency Standards(for Low-Rise Residential Buildings)."2001. 7-22,Table 7-6. HESCHONG MAHONE GROUP, INC. Page 13 August 3, 2004 HOUSING A UTHORI TY OF THE COUNTY OF CONTRA COSTA The Analysis We performed the analysis using MICROPAS (v6.01), a program certified by the California Energy Commission to analyze low-rise residential buildings for code compliance. Each of the building models was analyzed in all of California's 16 climate zones.3 MICROPAS generates results in the form of an energy budget et for Space Heating, Space Cooling and Water Heating for the proposed building and an energy budget for a standard building, in kbtu/sf/yr.4 The standard building is the same building as the proposed, but with features (insulation, equipment efficiency, etc.) that allow it to just meet the minimum requirements of the current building code. We added features to generate a proposed budget that was 15% lower (better) than the standard budget. We used a separate building model for each unit type (e.g., studio, one bedroom, etc.) to get more accurate results. The increase in square footage from one unit type to the next is not linear and neither is the performance. For example, just if a two bedroom unit is x% larger than a one bedroom unit, it doesn't mean that it will also consume x% more energy, or that the energy it consumes per square foot will be the same. Nor is a three bedroom unit the same percentage or amount (square footage) larger than a two bedroom as a two bedroom is over a one bedroom. By dividing the components (heating, cooling or water heating energy) of the energy budget from the "Energy Efficiency-Based" models by the corresponding components from the "existing" models, we created a ratio between the two budgets. Those are the adjustment factors we used for reducing the existing utility allowance. The "Safety" Factor For both of the methods used to develop the Energy Efficiency-Based Utility Allowance schedules, further"safety factor"was applied to the adjustment factors. Within our tool, only 75% of the savings from energy efficiency actually goes to reducing the utility allowance. This serves the dual process of providing a built-in cushion to protect the tenants and passes some of the economic benefit directly to the tenants. For example, the gas space heating budget for the "existing" version of the two bedroom model in Climate Zone 3 is 16.63 kbtu/sf/yr and the same budget from the Energy Efficiency-Based Utility Allowance schedule for new construction is 10.29 kbtu/sf/yr. This results in a ratio of 0.62. After '/ of the savings are "given" to the tenant, the resulting adjustment factor is 0.71. This means that though the tenant's heating energy consumption (and therefore bill for space heating) is reduced by 38%, but their space heating utility allowance is only reduced by 29%. 3 Although only the Climate Zones within Contra Costa are relevant to the analysis in this report,we use the tool to perform similar analysis for public housing authorities in the rest of the state. 4 Thousands of British Thermal Units per square foot per year. HESCHONG MAHONE GROUP, INC. Page 14 August 3, 2004 HAUS/NG A U THORI TY OF THE COUNTY OF CONTRA COSTA The Energy Efficiency-Based Utility Allowance Schedule Tool Using a Microsoft Excel spreadsheet, we built this methodology into a simple tool (Figure 7) that the Housing Authority of the County of Contra Costa can use in future years to update it's Energy Efficiency-Based Utility Allowance schedules on it's own. The tool requires the user to input the following information: • Standard allowances for space heating, space cooling, and water heating for each unit type, Percentage of housing stock that exists in this jurisdiction (for example, the housing stock could be 50% of 16 unit multifamily, 20% high rise and 20% single family). To calculate the EEBUA for this report, the assumption is made that the housing stock for apts/condo/duplex is 100% of 16 units multifamily buildings. • What percentage of the jurisdiction is in what climate zones. We expect that this input (percentage of jurisdiction in each climate zone) should remain the same as when the EAH staff originally created the Energy Efficiency-Based Utility Allowance schedule for the Housing Authority. The tool's output is the adjusted set of allowances for an Energy Efficiency- Based Utility Allowance schedule for new construction and retrofit buildings based on the updated Standard Utility Allowance schedule. 5 Climate Zone maps are available from the California Energy Commission. HESCHONG MAHONE GROUP, INC. Page 15 August 3, 2004 AW � r HOUSING AUTHORITY OF THE COUNTY OF CONTRA COSTA Jurisdiction: [Housing Authority of the County of Contra Costa %Multifamily(04): %Multifamily(16): 1 1007% %High Rise(4-Story): %High Rise(10-Story): %Single Family: Select Climate Zone: Climate Zone 12 `Comate Zone 01 EV Climate Zone 01VIP Enter%of Area: 100% 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR ass ace heating $10.00 $12.00 $14.00 $16.00 $17.00 $1 bottle ass ace heating $20.00 $25.00 $28.00 $33.00 $36.00 $399 ..00 .00heatum $11.00 $14.00 $21.00 $23.00 $22.00 $29 as water heating $7.00 $8.00 $11.00 $14.00 $16.00 $17.00 bottle as water heating $14.00 $17.00 $22.00 $28.00 $33.00 $36.0000 electrics ace heating $10.00 $12.00 $17.00 $20.00 $22.00 $27.00 electric cooling $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 electric water heating $14.00 $17.00 $27.00 $34.00 $35.00 $34.00 "= 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR 0 d ass ace heating $8.50 $10.20 $11.90 $13.60 $14.45 $16.15 •- bottle gass ace heating $17.00 $21.25 $23.80 $28.05 $30.60 $33.15 c heat pump $9.35 $11.90 $17.85 $19.55 $18.70 $24.65:::`: as water heatin w $5.95 $6.80 $9.35 $11.90 $13.60 $14.45 bottle as water heating $11.90 $14.45 $18.70 $23.80 $28.05 $30.60 im electrics ace heating $8.50 $10.20 $14.45 $17.00 $18.70 $22.95 W electric cooling $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 electric water heating $11.901 $14.451 $22.95 $28.901 $29.75 $28.90 3 0 BR 1 BR 2 BR 3 BR 4 BR 5 BR d z c ass ace heating $6.33 $7.66 $9.02 $10.37 $11.07 $12.40 0 bottle gass ace heating $12.65 $15.82 $17.72 $20.88 $22.78 $24.67 LD heat pump $6.42 $8.18 $12.26 $13.43 $12.85 $16.93:.... W v, as water heating $5.73 $6.56 $9.04 $11.54 $13.21 $14.06 o bottle gas water heating $11.47 $13.921 $18.02 $22.93 $27.031 $29.48 c electrics ace heating $5.84 $7.07 $10.10 $11.95 $13.20 $16.25 W electric cooling $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 electric water heating $14.00 $17.00 $27.00 $34.00 $35.00 $34.00 Figure 7. Energy Efficiency-Based Utility allowance Schedule Tool HESCHONG MAHONE GROUP, INC. Page 15 August 3, 2004