Multifamily Housing Owners Join President’s Better Buildings Challenge
Aeon is one of 50 to sign-on to cut its energy use 20 percent in 10 years, and help families save money on their energy bills
Fifty multifamily housing property owners have joined forces with the Obama Administration’s Better Buildings Challenge to reduce energy use nationwide. These Multifamily Residential Housing Partners, or Better Buildings Challenge Partners, have committed to cutting their energy use by 20 percent in 10 years, reducing energy waste and helping families save money on their energy bills.
“For us, it is simply good business practice,” shared Gina Ciganik, Aeon Vice President of Housing Development. “We were very excited to be brought into the Challenge. We are hoping to learn more from others and to share what we have learned.”
Better Buildings Challenge to Multifamily Housing
We are not new to the challenge of developing and operating better buildings. A nationally recognized leader in sustainable development, Aeon’s recent work includes the first LEED for Homes Platinum multifamily mid-rise building in the Midwest and a LEED Gold historic adaptive-reuse development. We are currently using the Living Building Challenge™ as a guide for a new development currently underway — The Rose, a South Quarter multifamily housing development (with partner Hope Community) in Minneapolis.
We currently manage 2,106 apartments and townhomes. Even with its LEED and Green Communities certified properties and buildings that have installed energy-efficient retrofits, our overall utility bills are estimated to top $130 million over the next 20 years. This assumes a modest 2% inflation and no significant cost hikes.
“It is our responsibility to recognize this future cost as a resource. It must be preserved while providing more comfortable and affordable homes for residents,” shared Ciganik.
The Better Buildings Challenge is a joint initiative of the U.S. Department of Housing and Urban Development and the U.S. Department of Energy.