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green homes for sale


									               University Community Development Corporation
FOR IMMEDIATE RELEASE                               MEDIA CONTACT
January 25, 2006                                    Strickland Communications Co.
                                                    Jill Strickland Luse, 404.822.0145 cell

      Atlanta First to Offer “Green,” Affordable Single-Family Homes For Sale

       Atlanta Mayor Shirley Franklin joined officials from University Community
Development Corporation (UCDC) and Enterprise today to unveil the first of several
affordable, energy efficient and healthy new homes for sale under the national Green
Communities initiative.

UCDC is the first developer in the nation to use the Green Communities funding to build
“for sale” affordable, energy efficient single-family homes.

Enterprise is providing $250,000 in funding to build houses with the additional “green”
features that include water-conserving appliances and fixtures; energy efficient appliances
and lighting; electric meters; water permeable walkways; and low VOC (volatile organic
compound) paints and primers, adhesive and sealants, and composite wood. These energy
saving measures reduce the homeowner’s energy costs and decrease the burden on the
city’s sewer and sanitation systems.

UCDC has built five affordable “green” houses as part of their University Estates project in
the Booker T. Washington neighborhood on Atlanta’s Westside, and an additional 10
“green” homes are slated for construction and sale later this year. While other developers
across the nation are building “greener” homes, UCDC is unique in that its homes are sold
in the affordable price range of $150,000 to $180,000. At these prices, buyers with incomes at
or below 80 percent of the area’s medium income of $72,000 can afford these homes and
save on household energy costs as well.

“As we see our city growing and the affordable housing market shrinking, it is rewarding to
see this addition to our housing stock. I am delighted that UCDC and Enterprise have come
together in Atlanta to fulfill a demand for affordable intown housing and to build them with
smart, environmentally friendly features,” said Mayor Franklin.

                                                                Page 2-ucdc.greencommunities.NR

Green Communities was launched over a year ago by Enterprise and the Natural Resource
Defense with support from socially motivated partners such as The Home Depot
Foundation with the ambitious goal of investing $555 million to build 8,500 affordable
homes that promote health, conserve energy and natural resources, and provide easy access
to jobs, schools and services.

ʺThe Home Depot Foundation is excited to be one of the founding funders of the Green
Communities initiative and supporting its goal of transforming the way we think about
designing and building affordable, efficient and healthy housing,ʺ says Kelly Caffarelli,
executive director of The Home Depot Foundation. ʺUniversity Estates is an excellent
model of how we hope to see the building environment evolve.ʺ

The response to Green Communities has been remarkable nationwide. In the first year
alone, 77 developments, including University Estates, are underway in 21 states, meaning
more than 4,300 green homes for low-income families and $179 million in financial support
from Enterprise. This is more than doubled the production goals set out in Green
Communities and 61 percent ahead of investment targets.

“The goal of Green Communities is to transform the way Americans think about, locate,
design and build affordable homes, and UCDC is providing a great example to other
developers of how it can be done here in Atlanta,” said Terri Y. Montague, president of
Enterprise Community Partners.

There are 4,300 homes in the Green Communities development pipeline that will reduce
costs and consumption compared to conventionally built homes. That is,
    • $1.5 million in energy savings per year (that’s $350 savings per household).
    • More than 5,000 tons in reduced greenhouse gas emissions per year (that’s 2,340
        fewer pounds per household).
    • 30 million gallons in reduced water use per year (that’s 7,000 fewer gallons per

It costs approximately $2,000 per house to meet the “green” criteria. Southface, a nonprofit
environmental and energy conservation resource, partners with Enterprise to meet the
requirements of the initiative. In addition, Classic Builders and Skyline Builders serve as
construction partners on the University Estates project.

The affordable “green” homes in University Estates are from 1,100 square feet to 1,600
square feet in size and have three or four bedrooms and two or two and a half bathrooms, as
well as a kitchen and living and dining areas.

“The Westside is going through a housing renaissance, and UCDC has been on the forefront
of building and rehabilitating a quality mix of affordable and market rate housing in this
community,” said Pete Hayley, executive director of UCDC. “With our Green Communities
homes, we believe we are making the Westside an even more attractive place for
homebuyers seeking to live intown.”
                                                                Page 3-ucdc.greencommunities.NR

University Community Development Corporation (UCDC) is a not-for-profit corporation
that acquires, rehabilitates, constructs and facilitates the development of affordable housing
for moderate and low-income families on Atlantaʹs Westside. UCDC concentrates its work
in neighborhoods surrounding the world’s largest consortium of historically African
American colleges and universities -- Clark Atlanta University, Interdenominational
Theological Center, Morehouse College, Morehouse School of Medicine and Spellman
College. For more information visit

Enterprise is a leading provider of development capital and expertise for creating decent,
affordable homes in thriving communities. For more than two decades, Enterprise has
pioneered neighborhood solutions through public-private partnerships with financial
institutions, governments, community organizations and others that share our vision.
Enterprise has raised and invested $6 billion in equity, grants and below-market loans and
is currently investing in communities at a rate of close to $1 billion a year. Visit to learn more about Enterpriseʹs efforts to build
communities and opportunity, and to meet some of the half a million people we have


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