Our Utility Allowance Service makes compliance with HUD and LIHTC regulations simple and cost-effective.
We’ve created a way to calculate utility allowances based on actual tenant data (a requirement for HUD-assisted properties and many LIHTC buildings), automatically importing it from your local utility company.
First, we work with you to collect basic information about your buildings and secure tenant consent to access utility data. Then, we take care of the rest, providing you with a final report that is ready to submit to HUD or the relevant LIHTC agency.
Your staff saves hours of work by not having to collect and compile data. Plus, you’ll get full access to the WegoWise platform to track and benchmark utility use and identify savings opportunities.
In June 2015, HUD published a Notice to clarify the means by which owners and managers may calculate utility allowances for tenants. The Notice (H 2015-04 - Methodology for Completing a Multifamily Housing Utility Analysis) requires owners to collect and analyze real tenant utility data. Using real data to calculate utility allowances provides an accurate and fair estimate of utility usage.
IRS regulations specify the methods by which owners of LIHTC buildings may calculate utility allowances. Among the five methods, LIHTC agencies may permit owners to base their utility allowance calculations on actual tenant data.
Our Utility Allowance Service combines the powerful, easy-to-use energy management capabilities of WegoWise with decades of affordable housing policy experience from the team at New Ecology. Together, we take the time and headache out of utility allowance calculations so you can get back to the business of owning and operating affordable housing.