The Green Seed Apartments Project is a carbon carbon-neutral, affordable housing project that will create 31 additional housing units in the Portland/Metro area. This is the jewel in our crown right now and will inform our affordable multifamily development projects going forward.
The units at Burnside can be rented at up to 60% of the median income, or $1255 a month including utilities. This would equate to a person who makes $15 hr spending 32% of their income for housing. This is an extraordinary offering given its location on the PDX/Gresham border. The anticipated rent is very manageable for most people in the 60% AMI bracket and made even more so because it is on a light rail line that minimizes the need for a car.
The Green Seed Apartments Project is located directly across the street from the 162nd and Burnside MAX light rail station. Our proximity to light rail allows for tenants to forgo having a car (if they choose) and thereby allows them to minimize monthly expenses even further.
Using an infill lot and maximizing the number of housing units allowed by code, we convinced the city of Gresham to allow the number of car spaces to be reduced by 50%, or 1 parking space for every 2 units. A traffic study indicated that even reducing this to 7 parking spaces would be sufficient. Going forward, we would expect to be able to build additional units on the property and reduce parking spaces even further.
The project can afford to include all utilities because it takes into consideration both cost effective durable materials as well as extremely efficient utility mindfulness. Part of our mission is to create a carbon neutral building. We have taken major steps to reduce energy use to almost 0 and then added 45kva of solar panels to the roof. This can be done economically because we started from the beginning with both energy efficiency and solar energy production in mind. With the design and incentives partnerships with the Energy Trust of Oregon and Glumac’s engineers, this is an economically sustainable design strategy going forward.
Like the Green Seed Apartment Project (but larger), our Knoll project is a carbon-neutral, affordable housing project that will create 110 additional housing units in the Tigard area–40% of which are 2 bdrm units and 60% are studios. In addition to offering much needed carbon-neutral, affordable housing where it is needed most, Knoll is also in a Transit-Oriented District and close to a major light rail station. We will build Knoll in much the same way we build Burnside, utilizing similar design and construction practices.