Forum discussion

Making the case for Passive House

Does anyone know of reports/studies of financial benefits from the developer perspective on Passive House multifamily projects? Specifically looking for market rate (not affordable) housing examples where there is a direct market advantage (higher rents) for PH buildings. 

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Fri, 06/05/2020 - 12:11

Kate - I've talked with this developer a few times, and knew they had some good info out there. This one goes into pretty good depth: https://www.phius.org/NAPHC2016/Ferreira-Staengl-Arnold-2+D-Core.pdf
  I didn't catch anywhere where they talk about higher rents, but they did note (page 92) that the cost of construction was 5% lower than their baseline. 

Wed, 06/17/2020 - 18:19

Kate, here's one data point from the sale of PH apartment project I worked on, but hopefully it's helpful since there aren't a lot of "comps" for multifamily passive house projects. From the higher sale price for the building, we can infer higher rents: "Ultra-sustainable apartments in North Portland fetch more than $355K apiece"  "...Nevertheless, the private, unnamed, out-of-state buyer who bought the apartments paid a premium." "It's above what most of those 25-unit and under buildings are selling for."  “Residents are conscious of the environment and their carbon footprint, and want a design that reflects their character. They also desire amenities such as high-end grocers, great dining, shops and downtown within easy access via foot, bike or transit," Black said in the release. "The North Williams neighborhood and Kiln Apartments fit this demographic perfectly." https://www.bizjournals.com/portland/blog/real-estate-daily/2016/05/ultra-sustainable-apartments-in-north-portland.html   

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