The HUD program applies to both market-rate and affordable projects.
The benefits include financial incentives, improved building performance, and resident comfort, to name just a few. Just as important, the added cost to developers is limited.
Many market-rate communities try to use green certifications to appeal to young professionals or Gen-Y renters who want to lead a very eco-friendly lifestyle. But seniors don’t seem to have that same level of interest.
Many owners and managers aren't convinced that renters will pay more for green features, though surveys say they will.
Builders evaluate the cost effectiveness of building to LEED standards, as the U.S. Green Building Council preps a new version its certification program for a November roll-out.