New Initiative Funds Green, Affordable Homes

May/June 2005
A version of this article appears in the May/June 2005 issue of Home Energy Magazine.
Click here to read more articles about Multifamily
May 01, 2005
        Last December Denny Park, an affordable housing project in Seattle’s South Lake Union area, broke ground. When completed, the Denny Park Apartments will include 50 residential units over street level commercial space; these units will range from studios to three-bedroom apartments. Denny Park will target families and individuals who earn less than 60% of the area median and who work in the downtown and South Lake Union areas of Seattle.The nonprofit, Low Income Housing Institute, is developing Denny Park, which was designed by Runberg Architectural Group and will be constructed by the Rafn Company.         The Denny Park Apartments will incorporate many sustainable-design features, including the use of collected storm water for landscape irrigation; abundant daylighting; low-VOC materials; and the orientation of the building along an east-west axis, for maximum solar exposure. The project satisfies 159 different items on the Seattle BuiltGreen Certification Checklist for sustainable design.         Like more than 100,000 other affordable housing units built each year in the United States, Denny Park will benefit from federal low-income housing tax credits. However, Denny Park will also benefit from a new nationwide building fund ...

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