When it comes to greening an apartment community, developers and owners are often of two minds. Many believe it’s the right thing to do—the tougher nut to crack is figuring out whether it’s the smart thing to do.
On the front end, owners and developers have a hard time finding the capital to finance green construction or retrofits. The problem hasn’t been as severe on the aff ordable housing side, as there are many federal, state, and city financial incentives to help a green deal pencil out. And in the luxury apartment space, the higher level of rents can off set the relatively high cost of achieving a green certification.
But for the vast majority of those caught in between —conventional market-rate developers—it’s tough to find financial incentives to go green. Many lenders aren’t willing to off er better rates and terms to a green project, because the evidence of a return on investment just isn’t there.
Read more...Seeing Green - Apartment Finance Today Online Article - Apartment Finance Today Magazine
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.