Freddie Mac Offers a $5,000 Green Rebate for Obtaining an Energy Star Score

A $5,000 Green Rebate is available from Freddie Mac for first time borrowers on multifamily buildings with 20 or more units and an Energy Star Score. Benchmarking your property also has the following benefits:   Nova has extensive experience providing this service:   Nova’s Strategic Energy Group will provide a phone consultation to discuss the results of your benchmark and optional solutions for reducing your energy consumption. Our goal is to work with building owners to reduce operating expenses and increase your bottom line.   *For online accounts, account ... Read more

Petroleum Vapor Intrusion: What you need to know

This white paper was created by Nova Consulting Group, Inc. (Nova), for environmental due diligence users and environmental risk managers as a tool to assess petroleum vapor intrusion (PVI) risk to buildings that overlie or are near petroleum-contaminated soil and/or groundwater. In June 2015, the EPA produced a document titled Technical Guide For Addressing Petroleum Vapor Intrusion At Leaking Underground Storage Tank Sites (EPA PVI Guide – EPA 510-R). This document states that  “in contrast to chlorinated solvents, petroleum hydrocarbons generally biodegrade ... Read more

Eighteen New Team Members!

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Freddie Mac Offers New “Green Rebate”

Freddie Mac's Green Rebate offering encourages borrowers on first mortgages to use the U.S. Environmental Protection Agency’s ENERGY STAR® Portfolio Manager® tool to assess the energy performance of their multifamily properties, as a first step in identifying opportunities for improvements. As an incentive to borrowers to make this assessment, Freddie Mac will now provide a rebate of $5,000 for new loans when the ENERGY STAR Score for the property is reported, regardless of the score achieved. All multifamily buildings with greater than 20 units are eligible ... Read more

New to the Nova Team!

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Red Flags That Can Impact Your Real Estate Deal

Nova works directly with banks and real estate investors to provide Environmental Site Assessments, Property Condition Assessments, and Seismic Reports that meet their needs during an acquisition or sale or to satisfy agency regulations. It is our goal to provide our clients with a dedicated deal team that works closely with all parties to help the due diligence process go smoothly. However, properties have a history, and it is our job to uncover that history so that there are no (expensive) ... Read more

Hearing Loss Continues Despite Prevention Efforts

Hearing protection should happen off the job as well as on the job Despite efforts by industrial companies to protect workers against hearing loss, agencies that collect data on occupational hearing protection are seeing a continuing rise in the number of people sustaining hearing loss—and at a much younger age. The problem is not just amplitude (how loud) but also frequency (how often). When the Walkman portable audio cassette player was introduced by Sony in the mid-1980s, I was working with a plant ... Read more

The Benefits of Building Operator Manuals and Training

For Nova’s Energy Efficiency Division, experience has shown that thorough documentation and staff training on new HVAC equipment is critical to achieving and maintaining savings. We strongly recommend this service to owners of new major equipment systems. A major non-profit owner/operator of affordable multifamily housing commissioned through Nova the installation of 13 new boilers and associated controls and distribution. Following the site investigation and corrective action phase, the owner engaged Nova to create a building operator manual. The manual details critical operational ... Read more

Kansas City Requires Energy Benchmarking

The City Council of Kansas City, Missouri, passed an Energy Empowerment Ordinance addressing energy use in existing municipal, commercial, and residential buildings by requiring energy benchmarking. Under the ordinance, building owners will be required to track whole-building energy and water use and report it to the city annually. Participating buildings will be phased in, starting with municipal buildings over 10,000 square feet in 2016 and expanding to include private commercial and multifamily residential buildings over 100,000 square feet in 2017. All private ... Read more

Green Leasing Strategies Examined in New Report

A new study from the Institute for Market Transformation (IMT) reports that green leases have the potential to save the U.S. office market $3.3 billion annually—cutting energy consumption by up to 22%. “Green leases address energy saving problems by aligning landlord and tenants incentives so that both win when the building is upgraded to be more efficient,” said Cliff Majersik, Executive Director of IMT, a nonprofit based in Washington, DC that focuses on improving energy efficiency in buildings. “This report quantifies ... Read more
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