Developers that commit to go green will be in a strong position to benefit from the increasing number of policies, programs and incentives that support smart, sustainable affordable development.
Early adopters of green approaches and technology will have a distinct advantage in the competition for low-income housing tax credits and other development subsidies as more and more equity in the affordable housing pipeline turns green.
Benefit #2: Operating Cost SavingsFor developers who continue to own the housing they produce, green affordable housing approaches save money on utilities including energy, water and electricity, and on maintenance and repairs through better quality and durability.
Benefit #3: Reduced RiskGreen Communities building standards help forestall, prevent, or counter health problems that result from building-related factors such as mold, lead and sick-building syndrome.
Benefit #4: Market Positioning, Distinction, and VisibilityDevelopers and owners who embrace green building will be at the forefront of an expanding and increasingly popular movement within the affordable housing industry.
Benefit #5: Public Relations and Community Good WillDevelopers and owners who are known for quality housing characterized by care for human health and stewardship for the community and the environment create invaluable good will with the community, local government and media.
