LEED-H Works at Affordable Morrisania Homes in the Bronx

Let’s take a closer look at the Morrisania Homes in the Bronx: New York State’s first LEED-H development.

The February issue of Affordable Housing Finance magazine has a detailed article about the Morrisania Homes, certified Silver under the new LEED for Homes (“LEED-H”) standard. As gbNYC reported back in August, Morrisania is the first community in New York State certified under LEED-H. Made up of twenty-eight townhouses, the community’s developer, Blue Sea Development Company, signed on to use LEED for Homes during the standard’s Pilot Program phase (which is now closed). The project also checked in at #3 on gbNYC’s list of the top 5 New York City green buildings from 2007.

Morrisania Homes is designated an “affordable” community, meaning the homes were priced for buyers earning up to 80 percent of the area median income. The article points out that meeting tough LEED standards helps affordable housing projects stand out in the competition for subsidized grants and loans. Living in a green building can also save low-income folks some money. Blue Sea principal Les Bluestone told Affordable Housing Finance that utility costs at Morrisania are expected to be 30 percent lower than at comparable developments. These savings, which lenders took into account when making loans, helped the homebuyers qualify for their Fannie Mae home mortgages.

Blue Sea is already applying for low income housing tax credits for its next LEED-H project, Melrose Commons Site Five, a 5-story, 63-unit project also in the Bronx.

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gbNYC is a multi-disciplinary consulting and real estate services firm. In addition to representing office tenants and commercial buyers in leasing and acquisitions, we also provide innovative consulting solutions from a unique, green building perspective. We advise on green building financial incentives, comment on proposed green building marketing strategies, author white papers, treatises, and market analyses, organize seminars on the LEED process and professional accreditation, and provide advice and analysis on green building risk management and the overall state of green real estate, leasing, and construction, in New York City and beyond.

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One Response to LEED-H Works at Affordable Morrisania Homes in the Bronx

  1. Alex Mordas Sunday, May 11, 2008 at 3:19 pm #

    Thanks for the great post. It is always exciting to see whole communities being developed with LEED or other green cert’s in mind.