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