Industry News

Affordable ‘green housing’ gets $550 million boost

Builders to construct homes for low-income families nationwide

A national affordable-housing provider and a national environmental group on Wednesday announced the launch of the Green Communities Initiative, a five-year, $550 million commitment to build more than 8,500 environmentally friendly, affordable homes across the country. The Green Communities Initiative–a partnership of The Enterprise Foundation/Enterprise Social Investment Corp. (ESIC) and the Natural Resources Defense Council (NRDC), along with the American Institute of Architects, the American Planning Association, and top corporate, financial and philanthropic organizations–will offer financing, grants and technical assistance to developers to build affordable housing that promotes health, conserves energy and natural resources, and provides easy access to jobs, schools and services. "Too many Americans live in unhealthy, inefficient and poorly sited housing that hinders them from reaching their full potential," said Bart Harvey, chairman and CEO of The Enterprise Foun...

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