A partnership between Johnson Controls,⯠GRID Alternatives Colorado and Capital Dynamics will finance, operate and maintain a two-megawatt community solar garden for the the city of Pueblo s housing authority, according to a news release. The solar garden is a photovoltaic system composed of ground mounted solar panels which will generate enough energy to power 200 households annually, the release said. The energy capacity will be allocated to a mix of qualified, low-income residents as well as multifamily affordable housing properties. In addition, the project will provide hands-on solar training and employment opportunities for the local community. HACP is pleased to partner with the City of Pueblo, Johnson Controls and GRID Alternatives to install this community solar garden, â¯said Frank Pacheco, executive director, the Housing Authority of the city of Pueblo. HACP plans to direct annual energy cost savings from the 2 MW project to enable a community sola
The project is anchored by the HACP in support of its long-term affordable housing initiative with the City of Pueblo to improve sustainability and community health. HACP plans to direct annual energy cost savings from the 2 MW project to enable a community solar benefit plan, which will support job training, educational opportunities in addition to other program and financial assistance, according to Frank Pacheco, executive director.
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In addition to the solar garden, Johnson Controls and GRID Alternatives will help HACP develop five additional public housing sites with onsite solar PV systems using incentives from Black Hills Energy.
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“By simultaneously investing in renewable energy and new career pathways for its residents, the City of Pueblo is a model for how cities can build community resilience while strengthening their infrastructure. Johnson Controls is proud to lead the team that is helping the city’s aspirations come to
13 housing projects in Colorado awarded federal 9 percent tax credits
Thomas Gounley photo)
Thirteen planned income-restricted housing projects in the state have been awarded federal 9 percent low-income housing tax credits.
The Colorado Housing and Finance Authority (CHFA), which allocates both state and federal housing tax credits in Colorado, released a list this week of the projects. Combined, they will have 882 income-restricted units.
There are two types of federal housing tax credits: 9 percent and 4 percent. The 13 projects were chosen from 25 applications that CHFA received for the 9 percent credits this year.
Developers sell the tax credits to investors to raise equity for their projects, according to CHFA. The equity reduces the amount of debt financing or other funding sources needed to make the development financially feasible with the rent limits required under the programs.
MILWAUKEE, May 13, 2021 /PRNewswire/ Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, together with longtime partner GRID Alternatives Colorado and Capital Dynamics will finance, operate and maintain a two-megawatt community solar garden for the Housing Authority for the City of Pueblo (HACP) Colorado. One of six contracted