District of Columbia Housing Authority Energy Performance Contract Financing

The District of Columbia Housing Authority (DCHA) first entered into a $26 Million Energy Performance Contract (EPC) to finance the purchase and installation of capital equipment that upgraded its infrastructure and reduced energy costs. 

The DCHA EPC project was one of the first self-managed energy efficiency projects implemented by a U.S. Public Housing Authority. DCHA's subsidiary, Construction Services Administration (CSA), implemented infrastructure retrofits for 37 housing authority buildings. 

Year to date, Grant Capital Management has provided financing services for DCHA covering 2 phases of energy efficiency projects as well as two debt refinancings which are projected to provide $137 million of capital improvements to the Authority and have provided improved living conditions for the Authority's residents.

“DCHA and Grant Capital Management have been partners since 2010.Our relationship started when DCHA received a bid response from Grant Capital for our first energy performance contract. Without their assistance, another six months would have been added to the process. Our last financing Grant Capital provided an innovative structure to give us flexibility should we transition our housing stock to RAD. Since then we have completed over $135 million in energy efficiency projects with financing provided by Grant Capital Management.” John H. Sarah, Vice President and Chief Financial Officer of the DCHA remarks.