1. ENTERPRISE COMMUNITY PARTNERS’ GREEN COMMUNITIES INITIATIVE
PRE-GREENBUILD AFFORDABLE HOUSING EVENT
NOVEMBER 5, 2007

2. Enterprise 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.
Wanted to re-think what fit and affordable means.
Fit structurally and to live in.
Affordable to purchase/lease and to operate.

3. Goals of Green Communities:
$555 mm to create 8,500 environmentally sustainable affordable homes
Transform how we locate, design and build affordable housing
Build bridge between environmentalists and community developers
Reaching out to developers and home builders to achieve an increase in the use of green building practices, lower costs to go green, and a competitive advantage in market place as demand for green goes up.
Will make an impact through healthier environments, lower life cycle costs, better opportunities
Policy makers, funders and leaders – green communities is a path to forming new coalitions, new ways of thinking, and finding new sources of support
Enterprise will address additional costs by providing grants to help developers to “go green” in a cost-effective manner, as well as help cover construction cost gaps. Enterprise also will provide low-interest loans and substantial equity capital commitments to affordable housing developments that meet the Green Communities criteria. Finally, Enterprise will provide, or arrange for developers to receive, training and technical support and access to state and local incentives for healthy, energy efficient housing. These measures will provide strong incentives for participation and ensure “going green” will not result in higher costs for low-income residents or fewer affordable homes overall.

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

5. Results to Date
Over $430,000,000 invested in Green grants, loans and equity
Over 9300 sustainable homes underway in 226 developments across 25 states
Over 3,000 professionals exposed to training thru in-person and on-line events
20 state and local housing policies more sustainable
10 state/local partnerships to advance holistic systems change
Accurate as of October 2007

6. GREEN COMMUNITIES IMPACT: 9200 HOMES
65 Million gallons of water saved
1150 children with asthma helped
$465,000 saved in asthma related medical costs
$450 annual utility bill savings per household
Over $4 million annually in total
10,800 tons of greenhouse gas emissions reduced
We use a simple spreadsheet to calculate an approximate benefit. Whatever the actual numbers are, they are impressive (don’t try to defend these but they use conservative, supportable multipliers for the various categories)

7. GREEN COMMUNITIES POLICY IMPACT:
State LIHTC programs—increasingly Green
See QAP report on website
States and Jurisdictions adopting Green Criteria
Washington State—HFA and Housing Trust Fund
Minnesota HFA
Washington DC—threshold for public funding
Louisiana—Road 2 Home (small rental rehab)
Currently in Process: Cleveland, Denver/Colorado, Atlanta, other Enterprise local office cities
Federal Level—HOPE VI, Utility Allowance, other
We use a simple spreadsheet to calculate an approximate benefit. Whatever the actual numbers are, they are impressive (don’t try to defend these but they use conservative, supportable multipliers for the various categories)

8. EMPHASIS FOR 2008: Rehab—single and multifamily
Asset Control Area Programs
Multifamily preservation projects
Clinton Climate Initiative
Focus on selected cities going to scale
Continue stimulating Green Development and Policy

9. www.greencommunitiesonline.org For more information: Green Communities
Enterprise Community Partners
Encourage people to follow links to “Green Criteria” and download. Requires contact information so we can let folks know about web training events, RFPs, and future modifications to the criteria
Next RFP will be early in 2008 (we think)