AFL-CIO Housing Investment Trust funds LEED-certified projects
The AFL-CIO Housing Investment Trust (HIT) is helping to finance a number of energy-efficient development projects that have received or are on track to receive Leadership in Energy and Environmental Design (LEED) certification for their sustainable energy and construction strategies as well as innovative green design.
To date, the HIT has provided $274 million of financing for 11 projects that have received or are expected to receive LEED designation. The projects have created 1,653 housing units and approximately 4,100 union construction jobs, while leveraging more than $660 million of development activity for communities in Minnesota, California, New York, and Massachusetts.
- Arc Light Co., San Francisco, CA: The developer of this $48 million project in San Francisco's South Beach community is seeking LEED Gold certification for the 94-unit complex. The HIT committed $32.5 million last year for the project, which involves the conversion of a historic commercial building into an innovative multifamily development. Work on the project is generating more than 275 union construction jobs.
- Elizabeth Seton Pediatric Center, Yonkers, NY: Designed to be a LEED-certified facility, the new $116 million Elizabeth Seton Pediatric Center is currently under construction just outside of New York City. Last year the HIT committed $100 million in financing for the project that will feature a 137-bed in-patient center and on-site school for medically fragile children. The project is expected to bring nearly 1,000 construction and permanent union jobs to Yonkers.
- Maverick Landing, Boston, MA: This HOPE VI project in East Boston achieved LEED certification following major redevelopment work that transformed the distressed public housing property into a quality affordable housing resource for the community. The HIT provided over $2 million in 2005 to help finance the $29 million third phase of the project, replacing old and deteriorated housing with 92 new rental units. Maverick Landing was the 2009 winner of the I. Donald Terner Prize, which recognizes successful and innovative affordable housing projects. The award credits Maverick Landing with being "Massachusetts's first green, affordable multifamily housing development, adhering to healthy homes principles and achieving LEED certification."
- Excelsior & Grand, St. Louis Park, MN: The Excelsior & Grand mixed-use community just outside Minneapolis was awarded the nation's first "LEED for Neighborhood Development" certification. According to the U.S. Green Building Council (USGBC), "Excelsior & Grand has earned this recognition for excellence in the built environment and a place among the finest developments incorporating the principles of smart growth, urbanism and green design." The HIT provided $55.5 million in 2001 for the $61.7 million project that generated over 370 union construction jobs and 337 housing units.
The LEED certification program is a nationally recognized benchmark for measuring the design, construction, and operation of high-performance green buildings. It was developed by the USGBC to encourage adoption of sustainable green building and development practices in the United States and around the world.
- Edited by Gust Gianos, CFE Media, Consulting-Specifying Engineer, www.csemag.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey