Approves contract with Albion Apartments LLC and Albion Apartments LLLP for $600,000.00 with an end date of 05-31-2028 to provide funding for heat pump equipment at a new all-electric affordable housing property, in Council District 4 (CASR-202581917).

The City Council is considering a contract with Albion Apartments LLC and Albion Apartments LLLP for $600,000.00 to fund heat pump equipment at a new affordable housing property. This contract, with an end date of 05-31-2028, is part of the Climate Action Sustainability & Resiliency (CASR) Pilot Rebate Program for All-Electric Affordable Housing. The funding will support the installation of approximately 360 electric heat pumps for space and water heating at the property located at 2280 S Albion St in Council District 4. The vendor is eligible to receive up to $1,800 per piece of equipment, provided the property is classified as all-electric and the equipment meets program standards. Funding is sourced from the Climate Protection Fund.

This contract will help fund all-electric heat pumps for a new affordable housing property, contributing to cleaner energy and potentially lower utility costs for future residents. The project is located in Council District 4.

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