Aeon is a nonprofit developer, owner, and manager of affordable housing, and has built, preserved, or renovated more than 2,000 apartments and townhomes in Minnesota since 1986. More than 4,000 people are served each year, including individuals and families with low to moderate incomes and formerly homeless adults and youth. Aeon emphasizes sustainability and high-performance housing. It has recently achieved 2 LEED® certified properties, and is currently pursuing the Living Building ChallengeTM. Through its use of green building practices to its operational excellence initiatives, Aeon strives to create healthy, affordable places to live and community assets that last for generations.
Aeon estimates that the utility costs for its portfolio (including growth) over the next 20 years will exceed $130 million, despite existing sustainable building practices. It considers this cost as a resource to be preserved, and as a Better Buildings Challenge Partner will work towards analyzing the building metabolism for each property, using data driven assessments to understand its building science, and make disciplined decisions around investments that will achieve the highest and best cost savings measures. Aeon will focus on conservation as its first line of defense, which includes the physical building systems as well as resident and staff behavior. It will also consider reasonable renewable energy measures, such as Photo Voltaic or Solar Thermal technologies, as incentives and financing becomes available.