affordable-housing

New York builder Jonathan Rose Cos., meanwhile, is building $750 million of green affordable-housing projects and manages about $1.3 billion in completed green projects.

Green Building Goes on a Budget Robbie Whelan 2010

Casa Feliz is one of a growing number of affordable-housing projects nationwide that have been built "green" — that is, with nontoxic materials, highly energy-efficient appliances, and features such as green roofs and solar panels.

Green Building Goes on a Budget Robbie Whelan 2010

Freeing Up Funds Developers are going full speed ahead on green affordable-housing projects elsewhere across the U.S.

Green Building Goes on a Budget Robbie Whelan 2010

Matt Sheedy, who invests funds from MetLife 's $325 billiongeneral account, says MetLife and other large institutional investors are eager to invest in green affordable-housing projects because they have a safer risk profile than more traditional housing projects.

Green Building Goes on a Budget Robbie Whelan 2010

Citigroup Inc. has figured out a plan for a portfolio of 26,000 apartments in 34 states and Puerto Rico that it got stuck with after making the mistake of financing an affordable-housing deal during the boom.

Citi Goes All In, Again Maura Webber Sadovi 2010

A Better Deal Dana Bourland, a vice president with Enterprise Community Partners Inc., a Columbia, Md. -based nonprofit that helps finance affordable-housing projects, predicts that the affordable-housing industry will be 100% green by 2020.

Green Building Goes on a Budget Robbie Whelan 2010

Thanks to tax credits designed to attract private capital and aggressive cost-cutting on other construction features, affordable-housing developers are embracing eco-friendly building features that were once the purview of high-minded designers and wealthy developers with money to spare.

Green Building Goes on a Budget Robbie Whelan 2010

Thanks to tax credits and cost cutting, more affordable-housing projects are turning eco-friendly.

Green Building Goes on a Budget Robbie Whelan 2010

That is partly because the potential for rent growth in affordable-housing properties is capped, so most properties don't fit the type of high-end properties with potential for escalating incomes that many investors are now looking for, said Victor Calanog, of Reis Inc., a real-estate research firm.

Citi Goes All In, Again Maura Webber Sadovi 2010

After the housing crash and the collapse of Fannie and Freddie, the market for these tax credits softened considerably, and affordable-housing developers were forced to offer investors higher yields.

Green Building Goes on a Budget Robbie Whelan 2010