Green law gets support from affordable champs.
More than 2.5 million families in America live in substandard housing. Nearly 17% of a low-income family's earnings are consumed by energy costs. And environmental challenges take a disproportionate toll on limited- income families--both asthma rates and blood lead levels are significantly higher among low-income children.
Building green addresses a host of pressing problems facing many families and communities, including run-down and unhealthy housing, rising transportation and energy costs, and sprawling, unsustainable development, according to Enterprise.
This legislation, the High Performance Buildings Act of 2007, builds on lessons Enterprise has learned through its national Green Communities initiative, a $555 million commitment to build more than 8,500 environmentally responsive, affordable homes.
This is the nation's largest, most ambitious initiative focused on leveraging private capital investments to significantly increase the production of green affordable housing across the country. To date, only two years into the five-year initiative, Enterprise has helped to finance more than 7,000 green affordable homes.
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|Title Annotation:||Construction & Design|
|Comment:||Green law gets support from affordable champs.(Construction & Design)|
|Publication:||Real Estate Weekly|
|Date:||Mar 21, 2007|
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