Environmentally Responsible Investments

The HIT recognizes that green building methods are important for the future of the multifamily sector. Sustainable design can reduce operating costs and produce savings that can be used to support future building improvements and maintain the affordability of newly built or rehabilitated housing.

The HIT and its subsidiary Building America CDE have invested in 78 Energy Retrofit and LEED projects with estimated total economic impact of $7.8 billion.

LEED Projects/Green Projects

The HIT financed its first LEED-certified building in 2001, shortly after the U.S. Green Building Council established the certification program as a benchmark for the design, construction, and operation of high-performance green buildings. Projects constructed under other green design programs and/or incorporating energy and water saving and other environmentally responsible features are also included.

The HIT and Building America have invested $880 million in 38 projects with total development investment of $2.5 billion and over 5,000 housing units.

Energy Retrofits

Strong demand is likely to continue for energy retrofits for affordable housing, including public housing developments, most of which are over 20 years old. Energy-saving retrofits can help ensure the viability of affordable housing and stem the loss of low-income housing due to deterioration or conversion to market-rate residences.

While HIT has financed rehabilitation projects that include improved energy efficiency for many years, it began tracking these energy-saving retrofits in 2010. Since then, the HIT has invested $1.2 billion in 40 projects with total development investment of $2.6 billion and over 22,500 housing units.

Economic Impact Data: Job and economic benefits in this document are estimates calculated by Pinnacle Economics and the HIT using an IMPLAN input-output model based on project data from the HIT and its affiliate Building America. In 2016 dollars.