AFL-CIO Housing Investment Trust funds LEED-certified projects

The AFL-CIO Housing Investment Trust (HIT) is helping to finance a number of energy-efficient development projects that have received or are on track to receive Leadership in Energy and Environmental Design (LEED) certification for their sustainable energy and construction strategies as well as innovative green design.

02/09/2011


To date, the HIT has provided $274 million of financing for 11 projects that have received or are expected to receive LEED designation. The projects have created 1,653 housing units and approximately 4,100 union construction jobs, while leveraging more than $660 million of development activity for communities in Minnesota, California, New York, and Massachusetts.

Examples include:

  • Arc Light Co., San Francisco, CA: The developer of this $48 million project in San Francisco's South Beach community is seeking LEED Gold certification for the 94-unit complex. The HIT committed $32.5 million last year for the project, which involves the conversion of a historic commercial building into an innovative multifamily development. Work on the project is generating more than 275 union construction jobs.
  • Elizabeth Seton Pediatric Center, Yonkers, NY: Designed to be a LEED-certified facility, the new $116 million Elizabeth Seton Pediatric Center is currently under construction just outside of New York City. Last year the HIT committed $100 million in financing for the project that will feature a 137-bed in-patient center and on-site school for medically fragile children. The project is expected to bring nearly 1,000 construction and permanent union jobs to Yonkers.
  • Maverick Landing, Boston, MA: This HOPE VI project in East Boston achieved LEED certification following major redevelopment work that transformed the distressed public housing property into a quality affordable housing resource for the community. The HIT provided over $2 million in 2005 to help finance the $29 million third phase of the project, replacing old and deteriorated housing with 92 new rental units. Maverick Landing was the 2009 winner of the I. Donald Terner Prize, which recognizes successful and innovative affordable housing projects. The award credits Maverick Landing with being "Massachusetts's first green, affordable multifamily housing development, adhering to healthy homes principles and achieving LEED certification."
  • Excelsior & Grand, St. Louis Park, MN: The Excelsior & Grand mixed-use community just outside Minneapolis was awarded the nation's first "LEED for Neighborhood Development" certification. According to the U.S. Green Building Council (USGBC), "Excelsior & Grand has earned this recognition for excellence in the built environment and a place among the finest developments incorporating the principles of smart growth, urbanism and green design." The HIT provided $55.5 million in 2001 for the $61.7 million project that generated over 370 union construction jobs and 337 housing units.

The LEED certification program is a nationally recognized benchmark for measuring the design, construction, and operation of high-performance green buildings. It was developed by the USGBC to encourage adoption of sustainable green building and development practices in the United States and around the world.

- Edited by Gust Gianos, CFE Media, Consulting-Specifying Engineer, www.csemag.com



No comments
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
Water use efficiency: Diminishing water quality, escalating costs; Lowering building energy use; Power for fire pumps
Building envelope and integration; Manufacturing industrial Q&A; NFPA 99; Testing fire systems
Labs and research facilities: Q&A with the experts; Water heating systems; Smart building integration; 40 Under 40 winners
Maintaining low data center PUE; Using eco mode in UPS systems; Commissioning electrical and power systems; Exploring dc power distribution alternatives
Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.