Multifamily Capital Needs Assessments and Energy Audits

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1 Multifamily Capital Needs Assessments and Energy Audits On-Site Insight is the recognized leader for high-quality capital needs assessment and energy audit services. Our rigorous approach to property system evaluation, useful life estimation, and reserve funding analysis has set the standard in the multifamily industry over the past twenty years. Our methodology is widely used and has been adopted by many lenders, funders, and regulators, including Fannie Mae and other federal and state agencies. Our clients include leading owners, investors, managers, lenders, and regulators in every state in the country. During our history, we have performed more than 6,500 assessments across the United States on multifamily properties, condominiums, hotels, healthcare facilities, and school dormitories. Capital Needs Assessments The industry standard for more than two decades Our CNA provides extensive analysis of building systems, recommendations for specific improvements, and funding estimates for long term maintenance in a 20-year capital plan. Our BPI-certified associates inspect up to 170 major building systems, examine the entire site, analyze remaining economic life of all significant building components, and estimate repair and reserve requirements for your property by year. Energy Audits Multifamily-specific and financially focused Our Energy Audit was designed to meet the needs of multifamily clients and provides clear guidance on energy and water retrofits, backed by reliable financial analysis. We evaluate Green vs. Conventional alternatives and give specific retrofit recommendations. We model energy use, analyze indoor environmental quality (IEQ), and provide a full set of infrared and conventional photos. Green Capital Needs Assessments The complete green planning tool for owners and managers The Green CNA combines the features of the Energy Audit and the CNA for the most complete report available. The report enables you to improve energy and water efficiency, reduce operating and capital costs, safeguard indoor environmental quality (IEQ), and reduce environmental impact. The recommended improvements are then integrated into your comprehensive 20-year capital plan. REAC Inspections Preparation for your REAC inspections OSI enables owners and management companies to attain the highest possible REAC inspection scores. Backed by more than ten years of experience in the REAC field, with more than 30,000 inspections, our inspectors can help you prepare effectively for an upcoming inspection, represent your interests during the inspection itself, and train your staff for future inspections.

2 Capital Needs Assessment (CNA) The multifamily industry standard for more than two decades On-Site Insight's Capital Needs Assessment (CNA) provides an extensive analysis of building systems, recommendations for specific improvements, and funding estimates for long term maintenance. We also provide Portfolio CNA evaluations for owners, acquirers, lenders, and investors who may periodically need an estimate for valuation, planning, or due diligence purposes. Our reports meet or exceed all commonly used standards, including ASTM OSI has performed more than 6,500 CNAs of multifamily buildings, in every state in the country. There simply is no substitute. Our process is the most thorough in the industry Working closely with you, our BPI-certified associates will: Inspect up to 170 major building systems Examine the entire site (exterior, interior, systems) Analyze the remaining economic life of all significant building components Estimate annual repair and reserve requirements for 20 years Our report is clear and complete Our final report is a clear, detailed document with easy-to-read narrative, detailed quantitative information, and informative charts and photographs. Representative Clients Equity Residential Millennium Properties Forest City Residential Management Volunteers of America Winn Residential Chicago Housing Authority Harvard University

3 Energy Audit Multifamily-specific and financially focused Our Energy Audit was built from the ground up for clients who want clear guidance on energy and water retrofits. It is based on a solid understanding of the unique requirements of multifamily buildings and provides clear financial metrics that enable informed decisions. For each retrofit recommendation, we evaluate green vs. conventional products through a proprietary two-step life cycle cost analysis. In the end, you'll know which product to use, and when to install it. An energy audit you can depend on What gives a multifamily owner confidence in an energy audit? A detailed site inspection by expert staff. All OSI associates are certified by the Building Performance Institute (BPI) as Building Analysts and Multifamily Analysts. They average ten years of multifamily capital planning experience. Reliable financial metrics that simplify planning and communication. OSI has been performing detailed financial analysis for capital budgets for years, and is recognized for its methodology of evaluating and recommending retrofit options. Only OSI gives owners the confidence that they are making the most effective use of their capital. The complete report includes: Energy analysis, including utility bill analysis, disaggregated end uses, and carbon footprint TREAT energy modeling Detailed Life Cycle Cost Analysis for each potential energy or water conservation measure Indoor air quality analysis with diagnostic testing results Clear recommendations with recognized financial metrics: net present value (NPV), internal rate of return (IRR), and savings to investment ratio (SIR) Standard and infrared photos

4 Green Capital Needs Assessment (GCNA) The complete green planning tool for owners and managers In 2009, On-Site Insight collaborated with Enterprise Community Partners to develop a protocol for a Green Capital Needs Assessment (GCNA). The GCNA fuses a conventional 20-year Capital Needs Assessment with a comprehensive energy audit and detailed financial analysis of retrofit options. It provides a complete analysis of property condition, capital needs, and opportunities to improve energy and water efficiency. You can depend on OSI s GCNA to make confident green retrofit decisions. Benefits of the GCNA Improve energy and water efficiency Reduce operating and capital costs Safeguard indoor air quality (IAQ) for residents Reduce environmental impact BPI-certified staff All of our associates are certified by the Building Performance Institute (BPI) as Building Analysts and Multifamily Analysts, and average ten years of multifamily capital planning experience. The complete report includes: Standard CNA that exceeds ASTM 2018 standards, with 20-year capital needs projections and replacement reserve analyses Side-by-side comparisons of conventional and green capital needs Energy analysis, including utility bill analysis, disaggregated end uses, and carbon footprint TREAT energy modeling Detailed Life Cycle Cost Analysis for each retrofit Indoor air quality analysis with diagnostic testing results (optional) Clear recommendations with recognized financial metrics: net present value (NPV), internal rate of return (IRR), and savings to investment ratio (SIR) Standard and infrared photos

5 REAC Inspections Preparation for your REAC inspection Rental housing receiving FHA insurance or other funding from HUD must pass required Real Estate Assessment Center (REAC) inspections. A high REAC score means a clean bill of health along with a reduction in administrative and reporting requirements, while a low score leans to increased oversight, increased compliance and reporting requirements, difficulty in securing new business, and potential loss of property management contracts. Owners and managers who request our assistance experience an average score increase of 27 points. Ensure a favorable inspection outcome On-Site Insight's REAC services will ensure your staff is ready to meet REAC requirements and avoid substantial financial and legal consequences of failing these inspections. Backed by more than ten years of experience in the REAC field and more than 30,000 inspections, our inspectors can help your property prepare effectively for an upcoming inspection, represent your interests during the inspection itself, and train your staff for future inspections. Services Experienced staff will accompany you throughout the process On site pre-inspection Deficiency correction recommendations Inspection oversight Property staff training Selected Clients Texas Department of Housing and Community Affairs Volunteers of America CW Capital, LLC Housing Authority of the City of New Haven Michigan State Housing Development Authority Harbor Management Dimeo Properties

PENNSYLVANIA HOUSING FINANCE AGENCY (2015 UNDERWRITING APPLICATION) Tab 34 Physical/Capital Needs Assessment & Energy Audit

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