2. To leverage limited public funds to attract multiples of private capital investment while returning public funds invested over time.

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1 Memo To: Connecticut Green Bank Board of Directors From: Bryan Garcia (President and CEO), George Bellas (Vice President of Finance and Administration), and Eric Shrago (Director of Operations) Date: June 10, 2016 Re: Proposed update of FY 2018 and FY 2018 Comprehensive Plan Goals and FY2017 Targets and Budget Attached is a draft Comprehensive Plan (FY 2017 and FY 2018) and Budget (FY 2017) for the Connecticut Green Bank. This memo outlines key recommendations from the Budget & Operations Committee with regards to the Comprehensive Plan and Budget for the Board of Directors review and approval. I. Goals As part of the Green Bank s twoyear comprehensive planning process, the organization is proposing to update its goals consistent with statute. The senior management team proposed, and the Budget and Operations Committee reviewed and recommends to the Board of Directors the approval of the following updated goals (see pages 6 and 7 of the draft Comprehensive Plan): 1. To attract and deploy private capital investment to finance the clean energy policy goals for Connecticut To leverage limited public funds to attract multiples of private capital investment while returning public funds invested over time To develop and implement strategies that bring down the cost of clean energy in order to make it more accessible and affordable to consumers. 4. To support affordable and healthy buildings in lowtomoderate income and distressed communities by reducing the energy burden and addressing health and safety issues in their homes, businesses and institutions. 3 1 This is a clarification 2 This is a complete modification of a prior goal to reduce reliance on grants, rebates, and other subsidies and move towards innovative lowcost financing of clean energy deployment. 3 This is a new goal that recognizes the organization s priority to assist underserved market segments.

2 II. Targets The senior management team proposed, and the Budget and Operations Committee reviewed and recommends to the Board of Directors the approval of the following targets for FY 2017 in the Comprehensive Plan: Program Projects Capital Deployed Clean Energy Deployed (MW) RSIP 8,500 $ 282,302, AD 1 $ 18,000, Total Infrastructure Sector 8,501 $ 300,302, SmartE 538 $ 9,039, Low Income Leases 500 $ 15,250, Multifamily Term Loans 55 $ 12,310, Multifamily PreDevelopment Loans 36 $ 570,000 N/A Total Residential Sector (not including PreDevelopment Loans) 1,093 $ 36,599, CPACE 79 $ 45,550, CT Solar Lease 30 $ 11,250, Total Commercial, Industrial, and Institutional Sector 94 $ 56,800, These targets have been reviewed by the Budget and Operations Committee and are being recommended to the Board of Directors for approval: Infrastructure Sector see Table 9 on page 41 of the draft Comprehensive Plan; Residential Sector see Table 16 on page 55 of the draft Comprehensive Plan; and Commercial, Industrial, and Institutional Sector see Table 21 on page 68 of the draft Comprehensive Plan. 2

3 III. Draft Green Bank FY 2017 Operating and Program Budget Enclosed is the Green Bank s FY 2017 operating and program budget for review and discussion at the June 17 th meeting. This has been reviewed and approved by the B&O Committee and is being recommended by the B&O Committee for approval by the Board of Directors. P1 Projected Revenues and Expenses General Operations & Programs P2 Projected Revenues and Expenses Programs Only P3 Program Loans and Working Capital Advances P4 Credit Enhancements P5 Program Incentives and Grants P6 Employee Staffing Plan IV. Review of Core Partners Enclosed with the budget materials is a list of Core Partners for review, discussion, and reauthorization. These external partners have been reviewed and approved by the B&O Committee and are being recommended by the B&O Committee for approval by the Board of Directors. Resolutions: P7 Strategic Partners WHEREAS, on June 7th, 2016 the Connecticut Green Bank Budget and Operations Committee recommended that the Green Bank Board of Directors approve the Fiscal Year 2017 Budget and Targets; and WHEREAS, on June 7th, 2016 the Connecticut Green Bank Budget and Operations Committee recommended that the Connecticut Green Bank Board of Directors authorize Connecticut Green Bank staff to extend the professional services agreements (PSAs) currently in place or adopt new PSAs with: I. Archaeological & Historical Services, Inc. II. The Cadmus Group, Inc. III. Clean Power Research LLC IV. Cortland Capital Markets Services, LLC V. EnergySage, Inc. VI. Lamont Financial Services Corporation VII. Locus Energy, LLC 3

4 VIII. METIS Financial Network, Inc. IX. New Ecology Inc. X. Opinion Dynamics Corporation XI. SmartPower, Inc. XII. Sustainable Real Estate Solutions, Inc. XIII. WegoWise, Inc XIV. Yale University For fiscal year 2017 with the amounts of each PSA not to exceed the applicable approved budget line item. NOW, therefor be it: RESOLVED, that the Connecticut Green Bank Board of Directors hereby approves: (1) the FY 2017 Budget and Targets and, (2) the fourteen PSAs listed above, as both items were recommended by the Connecticut Green Bank Budget and Operations Committee. 4

5 FY 2017 Operating and Program Budget DRAFT Table of Contents Presented to BOD on June 17, 2016 Page P1 Projected Revenues and Expenses General Operations & Programs P2 Projected Revenues and Expenses Programs Only P3 Program Loans and Working Capital Advances P4 Credit Enhancements P5 Program Incentives and Grants P6 Employee Staffing Plan P7 Core Partners

6 FY 17 Operations and Program BudgetDRAFT Statement of Revenues and General Operations and Program Expenses FY 2017 Budget FY 2016 Budget General Operations Programs Total Operations & Program Budget Total Operations & Program Budget Inc(Dec) % Inc. Revenues Utility customer assessments $ 26,704,434 $ $ 26,704,434 $ 27,111,100 $ (406,667) 2% RGGI auction proceeds renewables $ 4,105,350 $ $ 4,105,350 $ 5,200,000 $ (1,094,650) 21% Interest Income, cash received $ 40,000 $ 1,868,397 $ 1,908,397 $ 653,100 $ 1,255, % Interest Income,capitalized $ $ 1,223,711 $ 1,223,711 $ 400,000 $ 823, % Grant income (Federal Programs) $ $ 14,632 $ 14,632 $ 120,000 $ (105,368) 88% REC sales, general $ $ 2,007,647 $ 2,007,647 $ 1,764,100 $ 243,547 14% REC Sales, SHREC program $ $ 2,837,514 $ 2,837,514 $ 296,300 $ 2,541, % CPACE Loan closing fees $ $ 858,000 $ 858,000 $ 1,200,000 $ (342,000) 29% Other income $ 120,000 $ 108,005 $ 228,005 $ 187,500 $ 40,505 22% Expenses Total Revenues: $ 30,969,784 $ 8,917,906 $ 39,887,689 $ 36,932,100 $ 2,955,589 8% Employee compensation $ 897,908 $ 4,122,183 $ 5,020,091 $ 5,063,400 $ (43,309) 1% Employee benefitscontribution to retirement plans (54%) $ 484,870 $ 2,225,979 $ 2,710,849 $ 2,632,968 $ 77,881 3% Employee benefits insurance premiums & payroll taxes (24%) $ 215,498 $ 989,324 $ 1,204,822 $ 1,172,132 $ 32,690 3% Temporary employees $ 25,800 $ 70,200 $ 96,000 $ 76,800 $ 19,200 25% Shared CI employees $ $ $ $ 139,100 $ (139,100) 100% Program development and administration $ $ 4,342,659 $ 4,342,659 $ 5,410,800 $ (1,068,141) 20% Marketing $ 1,009,090 $ 2,161,000 $ 3,170,090 $ 3,061,300 $ 108,790 4% EM&V $ $ 470,661 $ 470,661 $ 395,300 $ 75,361 19% Consulting & advisory fees $ 345,500 $ 461,250 $ 806,750 $ 513,000 $ 293,750 57% R&D expenditures $ 735,000 $ $ 735,000 $ 410,000 $ 325,000 79% Professional fees: legal and accounting $ 220,000 $ 387,000 $ 607,000 $ 500,000 $ 107,000 21% Rent $ 66,765 $ 304,153 $ 370,918 $ 332,179 $ 38,739 12% Office, computer & other expenses $ 320,509 $ 653,466 $ 973,975 $ 871,521 $ 102,454 12% Expenses before Financial Incentives: $ 4,320,941 $ 16,187,875 $ 20,508,815 $ 20,578,500 $ (69,685) 0% RSIP Financial Incentives $ $ 12,549,010 $ 12,549,010 $ 11,330,000 $ 1,219,010 11% Financial Incentives Grants $ $ 2,280,000 $ 2,280,000 $ 2,435,700 $ (155,700) 6% Interest Rate Buydowns ARRA $ $ 981,340 $ 981,340 $ 1,645,300 $ (663,960) 40% Interest Rate Buydowns CGB Funds $ $ 100,000 $ 100,000 $ 828,000 $ (728,000) 88% Provision for Loan Loss $ $ 1,969,006 $ 1,969,006 $ 1,851,100 $ 117,906 6% Financial Incentives: $ $ 17,879,356 $ 17,879,356 $ 18,090,100 $ (210,744) 1% Total Expenditures: $ 4,320,941 $ 34,067,231 $ 38,388,172 $ 38,668,600 $ (280,428) 1% Total Revenues over (under) Expenditures: $ 1,499,518 $ (1,736,500) P1 2

7 Administrative Expenses Connecticut Green Bank FY 2017 Operations Budget DRAFT Consolidated Program Budgets Statutory & Infrastructure ResiSingle Family ResiMultiFamily Commercial Indus. & Inst. Finance (1) All Departments FY16 Budget FY16 Budget FY16 Budget FY16 Budget FY16 Budget FY16 Budget Compensation and benefits Salaries & Wages $ 1,417,276 $ 1,336,200 $ 663,845 $ 783,000 $ 436,629 $ 426,000 $ 1,474,245 $ 1,254,400 $ 130,187 $ $ 4,122,182 $ 3,799,600 Employee Benefits $ 1,105,475 $ 1,002,300 $ 517,799 $ 587,300 $ 340,571 $ 319,500 $ 1,149,911 $ 940,800 $ 101,546 $ $ 3,215,302 $ 2,849,900 Temporary employees $ 35,100 $ $ 35,100 $ 56,800 $ $ $ $ $ $ $ 70,200 $ 56,800 Progran Development & Administration $ 1,890,000 $ 2,205,000 $ 367,742 $ 866,500 $ 613,132 $ 807,600 $ 1,471,785 $ 1,383,500 $ $ $ 4,342,659 $ 5,262,600 Marketing $ 380,000 $ 380,000 $ 593,000 $ 751,000 $ 288,000 $ 105,000 $ 900,000 $ 740,000 $ $ $ 2,161,000 $ 1,976,000 EM&V $ 190,000 $ 110,000 $ 258,099 $ 180,000 $ 6,562 $ 15,300 $ 16,000 $ 50,000 $ $ $ 470,661 $ 355,300 Consulting & Advisory fees $ 120,000 $ 150,000 $ 70,000 $ $ $ $ 196,250 $ 98,000 $ 75,000 $ $ 461,250 $ 248,000 Professional fees:legal $ 61,000 $ 75,000 $ 66,000 $ 55,000 $ 20,000 $ 20,000 $ 110,000 $ 120,000 $ 130,000 $ $ 387,000 $ 270,000 Rent $ 104,713 $ 87,500 $ 49,047 $ 51,200 $ 32,260 $ 27,900 $ 108,922 $ 82,100 $ 9,211 $ $ 304,153 $ 248,700 Office,computer & other expenses $ 206,494 $ 180,800 $ 98,798 $ 112,500 $ 63,605 $ 59,600 $ 217,288 $ 156,200 $ 67,281 $ $ 653,466 $ 509,100 Total administrative expenses by department $ 5,510,058 $ 5,526,800 $ 2,719,430 $ 3,443,300 $ 1,800,759 $ 1,780,900 $ 5,644,401 $ 4,825,000 $ 513,225 $ $ 16,187,873 $ 15,576,000 (1) New budget category created for Finance Department in FY17 to track costs associated with issuance of Green Bonds and other clean energy financing initiatives. P2

8 FY2017 Program Budget DRAFT Program Loans Program Type CGB Program Loans Interest Rate Term Q1 Q2 Q3 Q4 Total FY16 Budget Multi MF Programs MultifamilyPre Development &LIME Loans affordable&marketrate housing 03% 2 to 20 years $ (815,000) $ (334,999) $ (105,000) $ (125,000) $ (1,379,999) $ (1,780,000) 6yr term / 10 Resi LMI Programs Posigen LMI solar PV Lease and EE financing Loans,net of repayments 5% yr amort. $ (653,221) $ (624,042) $ (601,943) $ (810,611) $ (2,689,817) $ (5,000,000) SI AD Pilot Anaerobic Digestor and MicroGrid Loans $ (1,502,860) $ (2,997,403) $ $ $ (4,500,263) $ (4,336,000) CI&I CPACE CPACE Benefit Assessments and Subordinated Debt $ (574,400) $ (1,694,533) $ (2,156,733) $ (2,544,134) $ (6,969,800) $ CI&I CI New Prod Dev ESA & CI&I Pilot Loans $ $ $ (1,000,000) $ (1,000,000) $ (2,000,000) $ Finance CE Finance Prg Historic Cargill Fall Mill $ (260,000) $ $ $ $ (260,000) $ Program Type CGB Program Loans: Provisions for Loan Losses $ (3,805,481) $ (5,650,977) $ (3,863,676) $ (4,479,745) $ (17,799,879) $ (11,116,000) Loss Ratio Q1 Q2 Q3 Q4 Total FY16 Budget Multi MF Programs MultifamilyPre Development &LIME Loans affordable&marketrate housing 1525% $ (200,500) $ (78,833) $ (19,667) $ (23,000) $ (322,000) $ (343,600) Resi LMI Programs Posigen LMI solar PV Lease and EE financing Loans,net of repayments 10% $ (69,231) $ (69,231) $ (69,231) $ (92,307) $ (300,000) $ (500,000) SI AD Pilot Anaerobic Digestor and MicroGrid Loans 10% $ (150,286) $ (299,740) $ $ $ (450,026) $ (433,330) CI&I CPACE CPACE Benefit Assessments and Subordinated Debt 10% $ (57,440) $ (169,453) $ (215,673) $ (254,414) $ (696,980) $ CI&I CI New Prod Dev ESA & CI&I Pilot Loans 10% $ $ $ (100,000) $ (100,000) $ (200,000) $ $ (477,457) $ (617,257) $ (404,571) $ (469,721) $ (1,969,006) $ (1,276,930) Program Type CGB Working Capital Loans to Affiliates, CT Solar Lease 3 Interest Rate Term Q1 Q2 Q3 Q4 Total FY16 Budget Finance CE Financing Working capital loan to CEFIA Holdings contractor payments N/A N/A $ (8,985,238) $ (9,024,329) $ (7,096,452) $ (6,873,702) $ (31,979,721) $ Finance CE Financing Payments to CEFIA Holdings sale of leases to investors N/A N/A $ $ 18,591,928 $ 1,007,813 $ 14,778,460 $ 34,378,201 $ Finance CE Financing Capital contributions to CT Solar Lease 3 N/A N/A $ $ (4,647,982) $ (251,953) $ (3,694,615) $ (8,594,550) $ $ (8,985,238) $ 4,919,617 $ (6,340,592) $ 4,210,143 $ (6,196,070) P3

9 FY2017 Program Budget DRAFT Credit Enhancements Credit Enhancements Loan Loss Reserves ARRA Funds Q1 Q2 Q3 Q4 Total FY16 Budget Multi CHIF PEL CHIF/MPEL product $ 125,000 $ 125,000 $ 125,000 $ 250,000 $ 625,000 $ 300,000 $ 125,000 $ 125,000 $ 125,000 $ 250,000 $ 625,000 $ 300,000 Credit Enhancements Loan Loss Reserves CGB Funds Q1 Q2 Q3 Q4 Total FY16 Budget Resi SmartE CGB/Smart E loans Quarters show NEW LLR needed $ 189,605 $ 243,096 $ 113,635 $ 212,940 $ 759,276 $ 1,000,000 $ 189,605 $ 243,096 $ 113,635 $ 212,940 $ 759,276 $ 1,000,000 Credit Enhancements Interest rate Buydowns ARRA Funds Q1 Q2 Q3 Q4 Total FY16 Budget Resi SmartE CGB/Smart E loans $ 164,954 $ 211,732 $ 100,942 $ 187,112 $ 664,740 $ 2,053,682 Resi CT Solar Lease 2 CT Solar Lease 2 LLC/Residential Solar PV leases $ 316,600 $ $ $ $ 316,600 $ $ 481,554 $ 211,732 $ 100,942 $ 187,112 $ 981,340 $ 2,053,682 Credit Enhancements Interest rate Buydowns CGB Funds Q1 Q2 Q3 Q4 Total FY16 Budget CI CPACE Buydown of interest rate on CPACE loans/energy on the Line program $ $ $ 50,000 $ 50,000 $ 100,000 $ $ $ $ 50,000 $ 50,000 $ 100,000 $ P4

10 FY2017 Program Budget DRAFT Financial Incentives Grants and Rebates Q1 Q2 Q3 Q4 Total FY16 Budget SI RSIP HOPBI/EPBB/PBI Incentives $ 2,620,173 $ 2,710,384 $ 3,513,505 $ 3,704,948 $ 12,549,010 $ 11,320,000 SI GridTied RE Legacy projects $ $ $ $ 100,000 $ 100,000 $ 900,000 Other Prg CEC Clean Energy Communities $ 200,000 $ 400,000 $ 500,000 $ 80,000 $ 1,180,000 $ 500,000 CI CEBS Prg Clean Energy Business Solutions $ $ 500,000 $ 500,000 $ $ 1,000,000 $ 1,000,000 $ 2,820,173 $ 3,610,384 $ 4,513,505 $ 3,884,948 $ 14,829,010 $ 13,720,000 P5

11 FY 2017 Operations and Program Budget DRAFT Staffing Plan Position FY17 Staffing Budget FY16 Staffing Budget VP, Finance and Administration Bellas,George 2,080 2,080 Director, Institutional Programs Brydges,Andy 2,080 Senior Associate Residential Programs Buonannata,Joe 2,080 2,080 Manager of Evaluation Measurement and Verification Charpentier,Lucy 2,080 2,080 Senior Manager, Commercial & Industrial Programs Clark, Anthony 2,080 Manager, Statutory & Infrastructure Programs Durational for FY17 and FY18 Colonis, Bill 2,080 Director of Marketing Connolly,Craig 2,080 2,080 Senior Program Manager, Multifamily Housing Programs D'Agostino, John 2,080 2,080 Loan Investment Administrator Duncan,Catherine 2,080 2,080 VP Commercial & Industrial Programs Dykes,Mackey 2,080 2,080 General Counsel & Chief Legal Officer Farnen,Brian 2,080 2,080 Senior Manager, Clean Energy Finance Fidao, Laura 2,080 Contracts Specialist French,Loyola 2,080 2,080 President & CEO Garcia,Bryan 2,080 2,080 Senior Associate, Statutory & Infrastructure Program Durational for FY17 and FY18 Hazlewood, Isabelle 2,080 2,080 Director, Clean Energy Finance Healey,Ben 2,080 2,080 Managing Director, Statutory & Infrastructure Programs Hedman,Dale 2,080 2,080 Executive Vice President and Chief Investment Officer Hunter,Bert 2,080 2,080 Senior Assistant, Marketing Janecko,Andrea 2,080 2,080 Receptionist & Office Manager Johnson,Barbara 2,080 VP, Human Resources Kaswan,Suzanne 1,040 1,040 Assistant Manager & Counsel, C&I programs Kovtunenko,Alex 2,080 2,080 Senior Associate, Statutory & Infrastructure Programs Kranich,Ed 2,080 2,080 Senior Accountant Landry,Joe 1,560 1,560 Associate, Commercial & Industrial Programs LemboBuzzelli, Alysse 2,080 2,080 Senior Assistant, Statutory & Infrastructure Programs Lewis,Lynne 2,080 2,080 Legislative Liaison & Marketing Manager Macunas,Matt 2,080 2,080 Senior Manager, Clean Energy Finance Magalhaes,Christopher 2,080 2,080 Senior Associate, Statutory & Infrastructure Programs McCarthy,Neil 2,080 2,080 Controller Murphy, Jane 2,080 Senior Manager, Marketing Murphy,John 2,080 2,080 Managing Director, Residential Programs O'Neill,Kerry 2,080 2,080 Manager, Residential Programs Multifamily Pantileakis, Demetrios 2,080 Senior Manager, Statutory & Infrastructure Programs Price, Selya 2,080 2,080 Assistant Manager, Residential Programs Priest, Madeline 2,080 2,080 Associate, Statutory & Infrastructure Programs Durational for FY17 and FY18 Pyne,Sara 2,080 2,080 Senior Manager, Marketing Rivera, Gladys 2,080 2,080 Associate Director, Statutory & Infrastructure Programs Ross,Rick 2,080 2,080 Executive Assistant Samuels,Cheryl 2,080 2,080 Senior Associate, Marketing Schmitt,Robert 2,080 2,080 Director of Operations Shrago, Eric 2,080 P6

12 FY 2017 Operations and Program Budget DRAFT Staffing Plan FY17 Staffing FY16 Staffing Position Budget Budget Managing Director, Commercial and Industrial Programs Sherman,Genevieve 2,080 Senior Accountant Soares, Natalia 2,080 2,080 Associate Director, Multifamily Housing Programs Stevenson,Kim 2,080 2,080 Senior Associate, Clean Energy Finance Stewart,Fiona 2,080 2,080 Senior Manager, Clean Energy Finance Trief, Mariana 2,080 Staff Accountant/Contracts Administrator (CI) Turker,Irene 2,080 2,080 Senior Assistant, Statutory & Infrastructure Programs Vigil,Marycruz 2,080 2,080 Associate Director, Outreach Wall,Bob 2,080 2,080 Senior Manager, Clean Energy Finance Yu,Mike 2,080 2,080 Manager, Commercial & Industrial Programs Zuba, Nick 2,080 FY15 Vacant Positions Director, Commercial & Industrial Programs Sherman,Genevieve 2,080 Manager, Commercial & Industrial Programs Zuba, Nick 2,080 Manager, Clean Energy Finance Trief, Mariana 2,080 FY16 New Hires Controller Murphy, Jane 2,080 Office Manager & Receptionist Johnson, Barbara 1,560 S&I Program Manager Colonis,Bill 2,080 S&I Program Associate Hazlewood, Isabelle 2,080 98, ,920 FY17 New Hires CI Shared Employees Manager,Human Resources N/A for FY IT Staff N/A for FY Reception/Switchboard N/A for FY Total Hours: 98, ,220 Total FTE's: Dollars: CGB Employees $ 4,705,727 $ 4,728,565 CI Shared Employees $ $ 139,122 subtotal: $ 4,705,727 $ 4,867,687 Merit Pool: $ 141,172 $ 212,610 COLA: $ $ Promotion Pool : $ 47,042 $ 47,247 Intern Pool:CGB: $ 87,900 $ 75,000 Intern PoolEDF: $ 38,250 $ Total: $ 5,020,091 $ 5,202,544 P6

13 FY 2017 General Operations Budget DRAFT Core Partners Partner Department Program Budget Line RFP Year of RFP Archaeological & Historical Services, Inc. Resi & MultiFamily SmartE/LIME Program Development & Administration No (under 75K) N/A SHPO Reviews $ 42,793 Cadmus S&I RSIP EM&V Yes FY2014 RSIP Evaluation $ 75,000 Clean Power Research, LLC S&I RSIP Program Development & Administration Yes Present RFP Powerclerk Software $ 430,000 Cortland Capital Services CI&I CPACE Program Development & Administration Yes FY2014 CPACE Loan Servicing $ 84,860 EnergySage Inc. Marketing RSIP Marketing Yes FY2014 RSIP GoSolarCT license fee for web tools $ 36,000 Lamont Finance Clean Energy Financing Programs Consulting & Advisory No N/A Financial Analysis Green Bonds $ 75,000 Locus Energy LLC S&I RSIP Program Development & Administration Yes Present RFP Revenue grade meters for PV Systems $ 570,000 METIS, Financial Network, Inc. Resi SmartE/RPACE/LMI/Lease2/Loan I EM&V Yes FY2014 Resi Data Warehouse/SmartE Ops Platform $ 245,000 New Ecology Resi Multifamily Multifamily Programs Program Development & Administration Yes FY2016 Opportunity Assessments/Audits for Sherpa Loan $ 260,000 Opinion Dynamics General Operations EM&V EM&V Yes FY2014 Support implementation of evaluation framework $ 50,000 SmartPower Inc. Marketing RSIP R & D expenditures No N/A RSIPSolarize demandbased programs $ 175,000 Sustainable Real Estate Solutions, Inc. CI&I CPACE Program Development & Administration Yes FY 2013 CPACE Third Party Administrator $ 1,024,750 Wegowise Resi Multifamily Multifamily Programs Program Development & Administration Yes FY2016 Benchmarking for MF properties $ 62,632 Yale University General Operations Renewable Thermal Technologies R & D expenditures No N/A Renewable Thermal Technology $ 75,000 $ 3,206,035 P7