ComEd Energy Efficiency Program Provides $8 Million in Incentives to Support 57 Affordable Housing Developments
19 Dezembro 2023 - 12:49PM
Business Wire
89-unit Encuentro Square in Chicago’s Logan
Square neighborhood is latest development project to break
ground
To support the development of more energy-efficient,
affordable-housing units across northern Illinois, while improving
the comfort of the residents who reside there, ComEd has provided
more than $8 million in incentives via 57 projects, or
approximately 3,300 affordable-housing units since 2017.
Through ComEd’s Affordable Housing New Construction (AHNC)
offering, the energy company offers technical assistance and
incentives to developers of new and renovated affordable housing
projects to help them exceed requirements of the Illinois Energy
Conservation Code, which sets minimum efficiency standards in new
construction for a structure's walls, floors, ceilings, lighting,
windows, doors, duct leakage, and air leakage. These features not
only improve the comfort of residents of these units, they also
help the units become more energy efficient, which helps reduce
energy costs.
“ComEd’s AHNC offering helps advance our goal of empowering
developers to adopt higher efficiency equipment that will lower
energy use, reduce carbon emissions and enhance air quality across
all of our communities,” said Gil C. Quiniones, CEO of
ComEd. “By collaborating with affordable housing developers,
ComEd helps ensure families have equal access to housing and
features that will help them manage both energy use and bills.”
Encuentro Square
The latest project to break ground is ComEd’s collaboration with
Evergreen Real Estate Group and Latin United Community Housing
Association (LUCHA) on the Encuentro Square development in
Chicago’s Logan Square/Humboldt Park neighborhoods. The first phase
of this project, in partnership with the City of Chicago and
Chicago Housing Authority, consists of a total of 89 units of
affordable housing across two new state-of-the-art buildings at the
west end of the popular Bloomingdale, or 606, Trail. The project
includes a substantial number of larger units dedicated to families
earning at or below 60% of the state’s Area Median Income, or about
$66,180 for a family of four.
When completed in late-2024, onsite amenities for the first
phase will include a teaching kitchen, lounge, community room,
children’s room, and community support services. Sustainable design
features include high-efficiency HVAC equipment, LED lighting
fixtures and ENERGY STAR®-certified appliances.
“Evergreen Real Estate Group is proud to be part of the
collaboration between business, government and community that is
providing critical affordable housing options for families along
the 606 Trail,” said David Block, Director of Development
at Evergreen Real Estate Group. “In addition, providing
quality, energy-efficient units further ensures that families
continue to have options in developing neighborhoods. This project
will be an exclamation point where the 606 begins to the west.”
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ:
EXC), a Fortune 250 energy company with approximately 10 million
electricity and natural gas customers – the largest number of
customers in the U.S. ComEd powers the lives of more than 4 million
customers across northern Illinois, or 70 percent of the state’s
population. For more information visit ComEd.com and connect with
the company on Facebook, X, Instagram and YouTube.
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