Nation’s First Net-Zero Energy Affordable Community to Break Ground in Suburban St. Louis Cornfield
32 three-bedroom homes to lease for $590/month
|Where:||Fairgrounds & Cemetery Aves., Jerseyville|
|When:||September 14th, 11:00 AM|
â€œCutting edge green renewable technology has been a cost-prohibitive, inner-city luxury that few could afford. Until today,â€ said Bill Luchini, President of Capstone Development Group. â€œThis development will be rented to rural families that earn less than $41,000 per year. And they won’t have a gas bill. They won’t have a heating bill. When they get their electric bill, it is more likely to be credit instead of a cost. Green technology will truly make a more affordable and more sustainable life for everyone in the community.â€
Financing for the development includes Federal Tax Credit Equity from the National Equity Fund. Financing from the Illinois Housing Development Authority ensures that the development will remain affordable for working families the long-term. Additional financing was provided by Sterling Bank.
The 32 single-family homes will each have three bedrooms, two full bathrooms and an attached two-car garage. A separate building will house a clubhouse/resource center, community room with kitchenette and bathroom, conference room, computer lab, property manager’s office and a storage room. The site will be landscaped with native plants to reduce water usage and will include a state-of-the-art playground.
When complete, it will also be the first LEED Platinum Certified affordable community of its kind in the nation.
The homes will be approximately 1,230 square feet, and will feature central air conditioning, heat, hot water and other appliances that all run on electric energy, powered by roof-mounted solar panels on all homes, as well as wind turbines throughout the subdivision. Even the streetlights will be powered by wind and solar.
Modern building techniques will reduce construction waste to nearly zero. The design will incorporate highly energy efficient materials, long-term durability and maintenance, and an interior clean air environment.
- Sustainable landscape practices include efficient irrigation systems
- Water efficient faucets, showerheads and WaterSense toilets
- Bathroom and kitchen exhaust vented to the outdoors removing sources of pollutants
- Energy-efficient design, ENERGY STAR appliances, exceeding ENERGY STAR for New Homes requirements
- Wall insulation at R-21 and R-49 insulation in the attic
- Well sealed and air-tight construction reducing drafts
- Low VOC paints
- Energy efficient florescent light fixtures
- Argon gas U35-rated low-e windows
- Extensive use of recycled materials
Construction will begin in September 2010. The first homes will be complete and ready to lease starting in late 2010. The need for affordable family living is particularly acute in rural Illinois suburbs of St. Louis. According to a recent market study, the median family income in Jerseyville is 36% lower than the rest of Illinois and one-third of all families in Jerseyville earn less than $25,000 per year.
About Capstone Development Group and Blackhawk Apartments
Capstone Development Group has developed more than 350 rental housing communities in 16 states, with more than 14,000 units and over $1.5 billion of development. Capstone is proud to be the developer of the nation’s first 100% renewable, green, affordable community.
Blackhawk Apartments, Inc. is a not for profit developer of quality, affordable housing in under-served communities.
This press release was brought to our attention here at EcoEtsy, and we thought it worthwhile to feature it here on the blog. This program of providing affordable and energy efficient housing looks amazing, and certainly the way to go for the future. Kudos to the Capstone Development group!
4,765 total views, 6 views today