Www.greencommunitiesonline.org. Our mission is to see that all low- income people in the United States have the opportunity for fit and affordable housing.

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Presentation transcript:

Our mission is to see that all low- income people in the United States have the opportunity for fit and affordable housing and to move up and out of poverty into the mainstream of American life.

Why Green Communities Now Run down, unhealthy housing Rising transportation and energy costs Sprawling, unsustainable development

Air Pollution and Equity 30% of all emergency room visits are asthma related

Environmental Impacts of Transportation  30-40% of total US energy use  US has 4% of world population and uses 47% of world’s gasoline  Transportation can be the 2 nd largest expense in a low- income household

Environmental Impact of Buildings Use 30-40% of total US energy 60-70% of electricity 35-40% of municipal solid waste 25-30% of wood and raw materials 25% of water use

Benefits of Green Communities Healthier homes for individuals, children, and parents Increased income and enhanced opportunities for low-income individuals and families Sustainable, smart development

Indirect (Global) Forest Protection Stemming Climate Change Direct & Indirect Benefit (Regional and Indiv/Org) Direct Benefit (Individual/Org) Waste Management/ Recycled Materials Stormwater Retention Energy Savings Improved Air Quality Reduced Maintenance

Green Communities Framework 1. Integrated Design Process 2. Location and Neighborhood Fabric 3. Site 4. Water Conservation 5. Energy Conservation 6. Materials and Resources 7. Healthy Living Environment 8. Operations and Management

National Partners Natural Resource Defense Council American Institute of Architects the American Planning Association, Bank of America Blue Moon Fund BP America Citigroup Foundation Fannie Mae Freddie Mac Global Green USA The Home Depot Foundation J.P. Morgan Chase The Kresge Foundation Merrill Lynch Community Development Company M&T Bank National Center for Healthy Housing Surdna Foundation Tides Foundation Washington Mutual

Grants Up to $5mm Loans (EHFS) Up to $50mm Equity (ESIC) Up to $500mm Policy and Communications Low Cost Loans Predevelopment Site Acquisition Competitively Priced Equity Construction / Rehab Advocacy Research, Evaluation Publications, Symposia Project Planning Technical Assistance, Training Green Building Features Community Developers and Home Builders 8,500 Green Homes Rental, For Sale, Community Facilities Increased Use of Green Practices Lower Costs to Go Green Competitive Advantages Healthier Environments Lower Life Cycle Costs Better Opportunities Policy Makers, Funders Opinion Leaders New Coalitions New Ways of Thinking New Sources of Support

Effecting Industry Change: Housing Programs and Policies Introducing Green Communities Criteria RFQ/RFPs and NOFAs LIHTC Qualified Allocation Plans A Greener Plan for Affordable Housing

Supporting Industry Change: Place Based Training Live Online Events Technical Assistance Hotline

For Projects Seeking to go Green  Must commit to Best Effort to Incorporate Green Criteria  Must Identify a Qualified “Green” Facilitator  Must Show a Plan and Budget For Use of Funds Up to $5,000 Details on Green Communities Charette Grants

Eligible Loan Properties  Rental or for-sale affordable housing  Land, vacant buildings, and/or occupied property  New construction or rehab Eligible Loan Uses - $50M over 5years  Predevelopment  Acquisition  Construction Green Communities Loans

Financial Impact of LIHTC Equity  $500 million of the $555 million available  6,500 of the 8,500 homes Raise the Bar for LIHTC Market  Corporate Investor “Goodwill”  Prioritize Green  Package Financial Incentives  Aggressively priced equity Help Cover the Cost of Green Green Communities Tax Credit Equity

Incentivizing Industry Change: Grants - $5 M Green Charrettes Sustainability Training Predevelopment and Construction Loans - $50 M Zero Percent Pre-development 5.5% Site Acquisition and Construction LIHTC Equity

Incentivizing Industry Change: Year One $179 million in financial support $1.9 M in grants awarded $13 M in loans $160 M in tax credit equity invested 4,300 green affordable homes 23 States plus DC 37 national, state and local partners

Sharing Industry Change: Lessons Learned Project Profiles Evaluation of Costs and Benefits