One of the 50 largest affordable housing owners in the nation, Standard Communities and its principals have spearheaded innovative solutions to preserve and create highly efficient and high-quality affordable, workforce, and mixed-income housing across the country. Working alongside – and in partnership with – public agencies and community partners to pioneer solutions to the affordable housing crisis, Standard completed the largest tax-exempt bond and LIHTC financed affordable housing transactions in the respective histories of Illinois, California, and Washington, D.C.
PORTFOLIO-WIDE LEADERSHIP COMMITMENTS
50% GHG reduction in 10 years
20% reduction in Energy Intensity
STANDARD COMMUNITIES IS PARTICIPATING IN THE FOLLOWING DOE AND HUD PROGRAMS:
|Better Climate Challenge||Better Buildings Challenge||Water Savings Network|
Deeply committed to sustainability, Standard takes a holistic approach to integrating sustainable practices into every deal. Previous sustainability successes include the largest rooftop community solar system in D.C. at Fort Chaplin Park Apartments. This project spans 45 buildings, will generate more than 1.5 million kWh of energy annually – saving low-income residents up to $500 per year on their electric bills.
Standard is dedicated to continuing its leadership in the sustainability space as a Better Buildings Challenge Partner. Specifically, Standard will benchmark all properties and monitor energy usage, implement financially feasible energy reduction measures, improve operations and maintenance, conduct resident engagement, and utilize renewable energy to meet the Better Buildings Challenge goal.
|GHG Emissions Goals|
|50%Reduction in Scope 1 & Scope 2 Emissions||Progress|
|20%Reduction in Energy Intensity||Progress|
|2%Cumulative (vs. Baseline)||Water Goals|
|20%Reduction in Water Intensity||Progress|