Climate United的动态

Preserving affordability for the next 99 years while cutting carbon emissions—this is what impact-driven real estate investment looks like. Vital Housing, in partnership with Freestone Capital Management, has acquired?Belmont Dairy Apartments and Lofts, an 85-unit, 148,002-square-foot mixed-use affordable housing community in Portland’s?Belmont District and Sunnyside Neighborhood. With financing led by?Berkadia and Freddie Mac, alongside catalytic capital from the?Portland Housing Bureau, this acquisition extends Belmont Dairy’s affordability for 99 years—ensuring long-term housing stability in one of Portland’s most vibrant neighborhoods. Originally,?65 affordable units were set to expire in 2026, but with the City of Portland’s support,?two additional units were deed-restricted, further deepening the property’s affordability commitment. But affordability isn’t the only impact. Belmont Dairy will undergo a?transformational energy retrofit, replacing?all natural gas residential systems with high-efficiency all-electric heat pumps. Once complete, the project will: ??Reduce carbon emissions by 122 tons annually ??Cut energy use intensity by over 45% ??Lower operating costs and improve long-term sustainability This project reflects?Vital Housing’s mission—leveraging?innovative financing solutions and sustainable practices?to preserve affordability while advancing decarbonization in multifamily housing. A huge thank you to?Freestone Capital Management , Portland Housing Bureau, Climate United, and Berkadia Mortgage?for their partnership in making this possible. Let’s build the future of affordable housing together. If you're working on?preservation and sustainability-driven solutions, let’s connect. #affordablehousing #preservation #decarbonization #energyretrofit