Paseo Verde Named Project of the Year by the U.S. Green Building Council

September 14, 2015


In August, the U.S. Green Building Council (USGBC) announced the recipients of its annual LEED for Homes Awards, recognizing projects, developers and home builders that have demonstrated outstanding leadership and innovation in residential green building. The awards are given to outstanding multifamily and single family residential and affordable housing projects as well as builders and developers.

“The places we call home are where we feel safe and where we come together as families and friends. These leaders are working to make our homes more sustainable, healthier and happier living environments, setting an example for what is possible in green building,” said Rick Fedrizzi, CEO and founding chair, USGBC. “I commend the commitment and leadership in sustainable building from these recipients.”

Winners this year included Paseo Verde, a project that Building America CDE, helped to fund. The development won Project of the Year along with co-developers Jonathon Rose Companies and Asociacion Puertorriquenos en Marcha (APM). The project was selected because it is a mixed-use, mixed-income LEED Platinum development consisting of 120 rental units, landscaped terraces, green roofs and community service space. The project was built with energy efficient building envelope and water heating systems, photovoltaic solar panels and the use of recycled and low emitting materials.

Building America contributed to the project by providing $5.5 million in New Markets Tax Credits for the construction of the complex. Work on the project generated approximately 300 on-site union construction jobs and another 40 permanent jobs.