Click Here

REALTORŪ Magazine Online: The real estate professional's business support tool.

ADVERTISEMENT
OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®

Daily Real Estate News  |  October 21, 2009  |   Nonprofit Seeks $4 Billion for Green Housing
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 (10/21/09)

Browse all of today's news
E-mail this page to a friend
Give us feedback


Search news
 Launch my search
 
Subscribe to news
Subscribe to News
Daily and weekly real estate news, trends, NAR press releases, convention coverage, plus exclusive features and columns.

RSS Feed
Get the Daily Real Estate News delivered straight to your desktop or news aggregator. (New to RSS? Learn the basics here.)
 
 
SHARE YOUR INSIGHTS
How did you sell it?
Tell us how you overcame hurdles to sell a challenging or very unique listing!