About the GreenPoint Rated National Program Update
GreenPoint Rated (GPR) is a third-party rating system for healthy, energy-, and resource-efficient homes. GPR began in California and is the state’s leading residential green building rating system with over 91,000 rated homes. Only in 2020 has it officially spread nationwide and is now an option for new multifamily developments across the country.
Gordan Van Tine Lofts was originally built as a warehouse in 1893, located in downtown Davenport, Iowa. It was renovated in 2019 and transformed into a 113-unit multifamily property as part of Davenport’s warehouse revival. Dwight Capital engaged Partner Energy’s services after the renovation had been completed with the goal of applying for the HUD Green Mortgage Insurance Premium Reduction (Green MIP Reduction) financing program.
To qualify for HUD Green MIP, owners have to verify that the property has achieved or will achieve an ENERGY STAR SEP (Statement of Energy Performance) score of 75 or higher, as well as achieve a HUD recognized green building certification.
The property was renovated with many energy efficient features already. Partner Energy was able to review site visit data, historical electric, gas and water utility consumption data, as-built plans, and past Property Condition Assessment reports to first provide an ENERGY STAR Benchmarking Report, which showed that the property would receive a Statement of Energy Performance (SEP) score of 85. This high score indicated that the property would also be a good candidate for GreenPoint Rated, at which point Partner Energy provided a GPR feasibility study to determine whether the property would achieve certification.
Gordon Van Tine Lofts was certified as GreenPoint Rated with a Silver level certification in February 2022 through the National Pilot Program, and was the second existing building that has been certified in the country. The client has submitted to HUD Green MIP that they are GPR certified.