Blogosphere
Real Estate Blogs in Greater Houston Area
Nonprofit Seeks $4 Billion for Green Housing
By John Askins
Enterprise, a national nonprofit group dedicated to creating affordable housing, said on Wednesday that it hopes to raise $4 billion over the next five years to make homes for low-income people more energy efficient.
The effort, which builds on the group's previous commitments, will result in the creation, preservation, or retrofitting of 75,000 green homes and buildings, it said.
Enterprise, which also has a private branch that provides capital for housing, will lend to existing multifamily building owners for energy and water reduction capital purchases and healthy living environment improvements. Funds will also be dedicated to design new affordable housing.
Doris Koo, Enterprise's chief executive, says green investments in affordable housing can yield big returns.
"For a small premium on the construction side, about 2 percent on the front end, you are seeing 20 to 30 percent savings on the energy," she said.
Source: Reuters
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Houston, TX 77027
Phone: (713) 942-9200
Fax: (713) 864-4506
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