Green Homes Made Affordable
“When will I find a green home in my price range?”
It’s a question often heard from sustainability devotees who have been keeping an eye on the growth of the green housing market, yet still find themselves priced out due to the amount of up-front investment that is required when building green.
LEED ND Addresses Affordability
But the subject of affordability has finally entered the green building dialogue. The LEED ND rating system, which will go public early next year, has established a definition of sustainability that goes beyond energy savings. In addition to awarding points based on urban planning criteria such as utilization of infill sites and proximity to public transit, LEED ND also awards points based on affordability. Its Pilot Version Rating System awards 1-2 points (out of a possible 106 total points) for making “Affordable For-Sale Housing,” and offers three options for obtaining those points:
- Option 1: At least 10% of for-sale housing is priced for households up to 80% of the area median income (1 point),
- Option 2: At least 20% of for-sale housing is priced for households up to 120% of the area median income (1 point), or
- Option 3: At least 10% of for-sale housing is priced for households up to 80% of the area median income and an additional 10% of for-sale housing is priced for households at up to 120% of the area median income (2 points).
A Portland Neighborhood Earns Points for Affordability
Helensview Homes in Portland, OR, which recently received LEED ND Gold certification, is an example of a neighborhood that earned points for being affordable. The Helensview neighborhood was created by non-profit developer Home Ownership a Street at a Time (HOST); HOST’s homes are marketed to low- to moderate-income families, with the intention of helping renters become first-time homeowners. HOST has built more than 300 affordable homes in the Portland area since 1991. The Helensview neighborhood is presently under construction, and the current price range for one of these 2, 3, or 4 bedroom houses is $189,000 - $244,000. According to a May 2008 article in Sustainable Life, the median price for a home price in Portland is $339,900.
