www.greencommunitiesonline.org Our mission is to see that all lowincome 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 2nd largest expense in a lowincome 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 Forest Protection Stemming Climate Change Indirect (Global) Direct & Indirect Benefit (Regional and Indiv/Org) Stormwater Retention Direct Benefit (Individual/Org) Waste Management/ Recycled Materials Energy Savings Improved Air Quality Reduced Maintenance Green Communities Framework 1. 2. 3. 4. 5. 6. 7. 8. Integrated Design Process Location and Neighborhood Fabric Site Water Conservation Energy Conservation Materials and Resources Healthy Living Environment Operations and Management National Partners Natural Resource Defense Council The Home Depot Foundation American Institute of Architects J.P. Morgan Chase the American Planning Association, The Kresge Foundation Bank of America Merrill Lynch Community Development Company Blue Moon Fund M&T Bank BP America Citigroup Foundation National Center for Healthy Housing Fannie Mae Surdna Foundation Freddie Mac Tides Foundation Global Green USA Washington Mutual Grants Up to $5mm Project Planning Technical Assistance, Training Green Building Features Community Developers and Home Builders Increased Use of Green Practices Lower Costs to Go Green Competitive Advantages Loans (EHFS) Up to $50mm Low Cost Loans Predevelopment Site Acquisition Equity (ESIC) Up to $500mm Competitively Priced Equity Construction / Rehab Policy and Communications Advocacy Research, Evaluation Publications, Symposia 8,500 Green Homes Rental, For Sale, Community Facilities 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 404-391-5857 Green Communities Charette Grants 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 www.greencommunitiesonline.org Green Communities Loans 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 Tax Credit Equity 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 Help Cover the Cost of Green Package Financial Incentives Aggressively priced 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 www.greencommunitiesonline.org www.greencommunitiesonline.org