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...outside, but the real guts of green design can be seen farther uptown, in the economically depressed South Bronx. There, the Women's Housing and Economic Development Corporation (WHEDCo) - a veteran New York nonprofit - has just opened the Intervale Green housing development, a 128-unit apartment building for low-income families. (Watch the video of The Next Big Biofuel...
...have the glass walls, waterless urinals or ice batteries that the BoA Tower boasts. No one would describe Intervale as cutting edge, but it is green where it counts - with more energy efficient appliances, better window insulation and energy efficient fluorescent lights, all of which will enable its low-income residents to save real money on their utility bills. "Residents will be paying 30% less for their utilities than in an ordinary building," says Nancy Biberman founder and president of WHEDCo, during a recent tour of Intervale. "For them, going green is a survivability issue. It's important...
...Intervale is one of a number of new and planned green, low-income housing projects around the country - an enterprise for which the federal stimulus package will include increased funding (it will also provide money for improving the energy efficiency of existing homes). In Miami, the nonprofit Carrfour Supportive Housing is building the 145-unit Verde Gardens Apartment building; the project will use green modular wall systems and aim for LEED certification. In Chicago, the Resurrection Homes project offers affordable green housing, and the soon to be completed Victory Centre will include green apartments for low-income seniors. And nationwide...
...paned windows to cut heat loss and smart thermostats. Those features help make Intervale the largest affordable Energy Star-certified building in the country. And energy efficiency can be a surprisingly effective economic stimulus in the middle of a downturn. According to the Department of Housing and Urban Development, low-income families spend some 17% of their income on utilities - a far bigger proportion than spent by the better off. "In this economy there are few levers you can pull for people," says Biberman. "You can't do jobs, and you can't lower rents much more. But utility savings...
David I. Laibson, a professor in the department who specializes in behavioral economics, said tax cuts for low-income households will likely be spent in the first year, rather than in the first months after...