Holyoke Housing Authority, Government Officials and Ameresco Celebrate Completion of $2.3 Million Energy Performance Project
Ameresco, Inc., (NYSE:AMRC), a leading energy
efficiency and renewable
energy company, and the Holyoke Housing Authority (HHA), a high
performing Housing Authority in western Massachusetts, held a
celebration yesterday for the completion of an energy performance
contract (EPC) totaling $2.3 million. State Senator Don Humason; State
Representative Aaron Vega; Mayor Alex Morse, City of Holyoke; Kristine
G. Foye, Acting Regional Administrator, HUD; Matthew Mainville,
Executive Director, Holyoke Housing Authority; and David J. Anderson,
Executive Vice President, Ameresco participated. Upgrades were made to
over 600 units in the Authority’s portfolio to improve water efficiency,
temperature and lighting controls, boiler equipment, and weatherization.
This is the second EPC that Ameresco has completed for HHA.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20151030005606/en/
Holyoke Housing Authority Project Completion Ribbon-cutting Celebration. (L to R) David J. Anderson, Executive Vice President, Ameresco; Kristine G. Foye, Acting Regional Administrator, HUD; Matthew Mainville, Executive Director, Holyoke Housing Authority; Mayor Alex Morse, City of Holyoke; State Senator Don Humason; and State Representative Aaron Vega. (Photo: Business Wire)
“We are delighted this next phase of the project is now complete,” said
Matthew Mainville, HHA’s Executive Director. “This project not only
provides significant savings to our operating budget, but has allowed us
to upgrade our developments and improve building comfort for our
residents. Ameresco completed an Energy Audit for HHA that identified
the efficiency opportunities. HUD provided incentives for us to
implement the recommendations. Now, our community can take advantage of
all the benefits.”
"This is a great opportunity for the Housing Authority," said Mayor Alex
Morse, City of Holyoke. “It is crucial that we maintain our public
housing stock. Unfortunately, funding to assist in these efforts is at
an all-time low. The ability to save millions in energy costs over the
next 15 years will go a long way in helping us preserve this important
part of our community. Thank you to Executive Director Mainville, his
team and the Housing Authority board for their foresight in partnering
with Ameresco to make this a reality."
“This second phase project for Holyoke Housing Authority is expected to
provide $4.6 million in energy and water savings to the Authority over
the 15 year term,” said Kristine G. Foye, Acting Regional Administrator,
HUD. “This type of project provides significant comfort benefits to the
residents while achieving the housing authority’s economic and
environmental goals and objectives.”
“Ameresco’s team of public housing specialists worked with the Holyoke
Housing Authority on one of the first public housing energy performance
contracts in the late 1990s, and we are very excited with our continuing
partnership,” said David J. Anderson, Executive Vice President,
Ameresco. “This project benefits HHA and also stimulates the local
construction economy.”
The U.S. Department of Housing and Urban Development (HUD) provides
incentives for efficiency improvements. Under an EPC financed using
savings from HHA’s utility operating funding, there is no up-front cost
required of HHA. With more than 30 years of experience, Ameresco’s public
housing team has implemented performance contracts with project
capital exceeding $500 million in North America. Ameresco has
implemented improvements for over 130,000 households (and counting)
under performance-based energy and water services contracts.
Substantial completion of construction of the project occurred this
month, ahead of schedule.
About Holyoke Housing Authority, Holyoke, MA
Holyoke Housing
Authority owns and operates 821 conventional public housing units in 12
developments and scattered sites throughout the city, ranging from
high-rise apartments to multi-family and single-family homes. The
Holyoke Housing Authority also administers the Section 8 Housing Choice
Voucher and Massachusetts Rental Voucher programs, which provide rental
vouchers for approximately 1,400 units of housing in the private market.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc.
(NYSE:AMRC) is a leading independent provider of comprehensive services,
energy efficiency, infrastructure upgrades, asset sustainability and
renewable energy solutions for businesses and organizations throughout
North America and Europe. Ameresco’s sustainability services include
upgrades to a facility’s energy infrastructure and the development,
construction and operation of renewable energy plants. Ameresco has
successfully completed energy saving, environmentally responsible
projects with Federal, state and local governments, healthcare and
educational institutions, housing authorities, and commercial and
industrial customers. With its corporate headquarters in Framingham, MA,
Ameresco has more than 1,000 employees providing local expertise in the
United States, Canada, and the United Kingdom. For more information,
visit www.ameresco.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151030005606/en/
Copyright Business Wire 2015