Already 70% leased, this impressive 66-unit apartment project, Silver Gardens, is the first affordable housing development in New Mexico that has been designed and built to obtain LEED Platinum certification. Located on a reclaimed brownfield near bus and rail access, Silver Gardens boasts some impressive green elements.
Silver Gardens was built with superior insulation, low- or no-VOC finishes, FSC-certified wood framing, high efficiency HVAC systems, efficient operable low-E windows, efficient plumbing fixtures, Energy Star appliances and lighting, and a sloped roof to collect up to 5,000 gallons of water for use in the courtyard.
According to a press release, Silver Gardens is the first affordable housing project in the country to earn income from a carbon offset transaction. The Enterprise Green Communities Offset Fund purchased offsets â€“ due to green design and construction â€“ for a minimum of 330 tons of CO2 that will not be released in the environment.
Of note, 85% of green apartments are affordable to people making 30-60% of the median income in the area. They range in size from 445 to 934 square feet and in price from $288 to $764. The remaining market rate units range in price from $650 to $1200 per month.
In the world of green affordable housing, perhaps Jonathan Rose Companies is one of the best developers youâ€™ll find. One of its affiliates in Albuquerque, Romero Rose LLC, in cooperation with the Supportive Housing Coalition of New Mexico, developed the first phase of Silver Gardens for $12.5 million with 5 studio, 46 one-bedroom, and 15 two-bedroom units.
Photo credits: Jonathan Rose Companies.