DC Project Shows the Payback from Green Retrofitting
By Caitlin Jones & A. J. Johnson
1 min read
Tax Credit Advisor, April 2009: Galen Terrace, an 84-unit affordable apartment property in the Anacostia neighborhood of Washington, DC, is a poster child for the benefits of green retrofitting.
In a $13.6 million transaction, the tenants’ association joined with developers Somerset Development Company and the National Housing Trust-Enterprise Preservation Corporation to buy, renovate, and preserve the three-building federally assisted Section 8 property.
The renovation included energy efficiency and water conservation improvements with a payback period of 10 years or less. A comprehensive initial energy audit of the buildings identified needed improvements.
The incremental cost of the energy improvements was 3.8% of the development budget. Projected savings are 60% in energy and 21% in water usage.
Green elements included the installation of: solar reflective roof material; green label-certified carpets; Energy Star refrigerators; low-flow water fixtures (shower, toilet, faucets); new energy-efficient windows and doors; daylight sensors on outdoor lights; and barrels to collect rainfall for use to water landscaping. In addition there was insulation of water pipes and use of low-VOC paints, primers, sealants adhesives, and caulking. Renters receive a Green Home Guide and orientation
