Post on 17-Jan-2015
description
HAC Rural Housing ConferencePromises to Keep in Challenging Times
Preserving Rental Housing in Challenging Times for Families and Seniors
redefining affordable housing
The promise of green:Sustainability and rural development – two case studies
Janaka Casper, CEOCommunity Housing Partners
CHP: Who we areOur missionTo create affordable, green, sustainable housing opportunities and services for the people and communities we serve.
Kentucky, West Virginia, Virginia, North Carolina, Florida
Headquarters: Christiansburg, VA
CHP: Where we are
Our values…• Economic Sustainability• Environmental Sustainability• Social Sustainability
Our goals…To build and preserve Communities of Choice, where sustainable, high quality, affordable housing and programs contribute to individual success and community improvement.
Why we build green
For our organization• Reduces expenses• Improves marketability• Attracts funders and investors• Contributes to the success of CHP’s mission
For our communities• Conserves valuable natural resources• Reduces environmental impact• Creates an attractive, quality product that
provides affordable housing for the long-term
For our residents• Safer, healthier living environments• Savings on their utility bills
Benefits of building green
2009 LIHTC project 48 family units
Amherst County, VA
Case study: Rutledge Hills
Site: land re-graded to slope away from the buildings; improvement of existing gutters to discharge water 5 feet away from foundation; landscaping with native and drought tolerant plants.
Resource Efficient Building Materials: 30 year warranty shingles; Energy Star low-e double paned windows; 14 SEER HVAC units with HSPF of 9.0. Cooling and heating equipment sized within 6,000 btu/h and 25,000 btu/h of Manual J. Heat traps and 2’ feet of pipe insulation at water heater
Waste Management: 50% of construction waste recycled.
Rutledge Hills green features
Energy Efficient Lighting and Appliances: Automatic outdoor lights ; Energy Star-rated refrigerators and dishwashers, high efficiency (.92 electric) water heaters. Solar hot water heater in community building.
Indoor Air Quality: kitchen ranges vented to the exterior; low VOC paints, sealers and adhesives; installation of Carpet and Rug Institute-certified low VOC carpet.
Water Conservation: 1.6 gal/flush low flow toilets and 2.5 gal/min low flow shower heads installed.
Rutledge Hills green features, cont.
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Tax Credit Equity: $2,026,613VHDA-VHF: $540,000RD: $1,404,769HOME: $500,000FHLBA-AHP: $245,000Deferred Developer Fee: $114,625NeighborWorks America: $384,000Total Sources: $5,215,007
Rutledge Hills financing
Rutledge Hills: the cost of greenGreen/Sustainable Feature Est. Added
CostAir Sealing to reduce air infiltration by 20% $6,125Low-e double paned windows to upgrade and replace single paned windows 9,250Increase insulation from R-30 to R-38 6,500Upgrade from 12- to 14-SEER HVAC units with HSPF of 9.0 48,000Seal and insulate all attic access openings 2,800Use 30-year versus 25 year roofing with installed roof drip edge 500Install kitchen fans vented to outside 4,800Low-flow 2.5 gal/min shower head upgrades 1,155Low-flow 1.6 gal/flush toilets 16,685High efficiency water heaters with heat traps 4,100Outdoor lighting motion sensors to reduce unnecessary light trespass 6,000Upgrade to Energy Star dishwashers and refrigerators 2,400Down Spout Extensions to move discharge 5’ from foundation $ 1,000Lead paint, asbestos and radon tested 740Re-grade site to slope away from building (not usually done in a typical rehab) 11,400Landscape Revisions to include native and drought tolerant plantings $7,000Total Cost for Green Improvements $128,455
2012 LIHTC project46 family units
A case study (in process): Laurel Woods
Pulaski County, VA
Laurel Woods green features
Site: Downspout and drainage repair with grading and area drains, native landscaping
Resource Efficient Building Materials: EarthCraft certification includes new fiber cement and brick siding, EnergyStar windows and sliding glass doors, increased attic insulation, EnergyStar exhaust fans, high efficiency heat pump, new ductwork
Waste Management: 75% recycling of cardboard, plastics, and metals; high appliance salvage rate
Laurel Woods green features, cont.
Energy Efficient Lighting and Appliances: EnergyStar refrigerators, hybrid water heaters, dishwashers, range hoods, lighting; high efficiency sight lighting
Indoor Air Quality: air sealing, kitchen ranges vented to the exterior; low VOC paints, sealers and adhesives
Water Conservation: WaterSense rated kitchen and bath faucets and showerheads
Laurel Woods financing
Tax Credit Equity: 2,595,798RD: 1,338,388HOME: 625,000FHLBA-AHP: 230,000Deferred Developer Fee: 284,505Total Sources: 5,073,691
What experience has taught us
Sometimes, it’s a long road to a worthwhile destination
community housing partnersredefining affordable housing
www.communityhousingpartners.org