simon jeffrey

AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT: 

AFFORDABLE HOUSING & COMMUNITY DEVELOPMENT Building the Road to Sustainability Jeffrey Simon President Actus Lend Lease

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“There are two things in life. You can be out for the maximum amount of profit you can possibly squeeze from your effort, or you can aim at a reasonable profit and have a feeling that you leave something behind.” -Dick Dusseldorp Lend Lease Founder 1973

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Affordable housing An integral component of sustainable communities Affordable housing typically classifies housing by income level (50-60% of the median) Key workers often ‘priced out’ of the communities in which they work Affordable housing market has a wide reach

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Lend Lease developing affordable and workforce housing in three geographies

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Sustainable Communities Enrich the people’s lives Regenerate and protect the environment Foster economic growth Green design complements affordable housing as energy costs are one of the highest household expenses Vital to think beyond green and focus on social and economic outcomes as well

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The Greenwich Project London UK US$10B urban regeneration 10,000 new homes – 38% affordable A new business district, retail, schools, transport and community facilities Working in partnership with English Partnerships

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The Greenwich Project London UK Sustainability initiatives: All buildings will achieve BREEAM rating All homes to achieve EcoHomes excellence

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Adelaide Wharf London UK 147 residential units Over 50% affordable Planned opening Sept ‘07

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Adelaide Wharf London UK Sustainability initiatives: The entire project will achieve EcoHome Excellence Rating

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Stratford City London Olympic Village Phase One – estimated value of US$4B 4000 dwellings- substantial affordable housing Mixed-use urban regeneration

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Stratford City London Olympic Village Sustainability initiatives: 2012 Games aspire to be Low-carbon & zero waste Efficient use of natural resources Full-scale regeneration, restoring eco-system and revitalizing the entire community

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Army Hawaii Family Housing Construction or renovation of nearly 8,000 homes for over 20,000 residents Environmentally-friendly, masterplanned community Ten “town center” community developments

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Army Hawaii Family Housing Sustainability initiatives: World’s largest solar-powered community Affords a minimum 7 MW of power Supplies 30% household energy Revolutionary recycling and reuse program

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Mountain Community Homes Fort Drum, NY 3,100 homes on 1500 acres Own, operate and manage the project through 2055 Spacious interiors and energy-efficient new homes situated in creatively masterplanned communities Five community centers, playgrounds, tot lots, splash/water play zones and hike/bike trail network

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Mountain Community Homes Fort Drum, NY Largest Energy Star Development in NY State Incorporates SYNERGY Mandatory CFL use 85% Small/Local Businesses

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Mountain Community Homes Fort Drum, NY More than 2,500 homes on 1000 acres Ongoing operations until 2056 Traditional Neighborhood Design (TND) Abundance of green space, parks and yards Variety of facade treatments and architectural styles Individual homes feature spacious, open floor plans               Knox Hills, Kentucky

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Mountain Community Homes Fort Drum, NY Sustainability initiatives: Largest geothermal-powered residential development in KY Solar panels on Village and Neighborhood Centers conserving energy and lower utility costs Electronic locks, tankless heaters, gas appliances and mechanical systems that take advantage of the efficiencies of natural gas                      Knox Hills, Kentucky

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Growing housing demand from one and two person households High impact, new and affordable housing product for this segment, securing land sales Loft living most sought after option for the 20-30 year old target demographic Significantly lower in cost compared to equivalent city living Resulted in demographic diversity and a more sustainable, dynamic community.        Mawson Lakes Adelaide, Aus

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Sustainability initiatives: Recycled Water System - an Australian first in scope and size Results in a 70% reduction of water usage Significantly reduces the amount of treated wastewater impacting the surrounding landscape Mawson Lakes Adelaide, Aus

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Green Affordable Housing Green design - higher upfront cost but significant payback Energy prices and volatility expected to increase Green design shields from impact caused by external shock to energy prices

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Green Affordable Housing Public-private partnerships create positive conditions for workforce housing development. Metro governments receiving increased pressure to address workforce housing resulting in increased incentives

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download our sustainability report at www.lendlease.com