Affordable Housing Finance
GREEN SCENE
Solar Installations
Energize Residents
AFFORDABLE HOUSING FINANCE
• January/February 2010
BY CHRISTINE SERLIN
The solar installations
at three San
Francisco developments
created jobs
for residents as well
as members of the
community.
SAN FRANCISCO
The solar energy switch
was flipped on Sunwheel
Energy Partners’ first set of
affordable housing projects
in California at the end of
January.
The solar installations at three affordable
housing developments in San
Francisco—Plaza East Apartments,
Hayes Valley North, and Hayes Valley
South—not only will save McCormack
Baron Salazar, the developments’ general
partner, and residents money, but
they also provided much needed jobs
for 26 unemployed residents as well
as others from the surrounding community.
Founded by members of affordable
housing owner and developer
McCormack Baron Salazar about a
year ago, Sunwheel’s mission is to go
beyond housing and into sustainability
and renewable energy to help urban
neighborhoods.
“We view ourselves as a missionoriented
solar developer. In some
sense, it’s where we choose to operate
that sets us apart—urban neighborhoods
and low-income communities,”
says Jonathan Goldstein, president of
Sunwheel. “We’re not just creating renewable
energy and savings, we’re hiring
residents [who live in the developments]
and the community into the job
force, giving job training in the green
[field]. There’s no better place to do that
than in low-income neighborhoods.”
Sunwheel closed financing on the
San Francisco developments as well as
eight others in California in September.
The three San Francisco projects are
the first to come online, with the rest
planned for sometime in the first quarter
of 2010.
The renewable energy firm fi-
nanced the installations with a combination
of federal tax credit programs
and state and local rebate programs,
including New Markets Tax Credits,
solar investment tax credits, California
Solar Initiative’s Multifamily Affordable
Solar Housing program, Pacific Gas
& Electric Co., and GoSolarSF. These
projects implemented the state’s new
virtual net metering tariff, which allows
the cost savings to be shared with the
residents.
Approximately 374 kilowatt hours
will be produced annually, also saving
about 225,000 pounds of carbon dioxide
emissions.
David Mauroff, Northern
California area manager of McCormack
Baron Ragan, the developments’ property
management firm, says one priority
from the start of the project was job
creation, which he adds was a catalyst
to the success of the installations.
Mauroff says the project created a
sense of ownership in the residents and
helped to prevent crime and vandalism
at the job sites.
He adds that many of the residents
had not been used to working, but now
they know they can do it and have pride
in a job well done.
At the end of the installation, a luncheon
for the workers was held at the
local One Stop center, an employment
warehouse designed to connect individuals
with jobs and basic life skills.
Only a couple of blocks from Plaza East,
many of the workers had never been
there, but now can get access to more
job assistance. And a few of the workers
have continued to work with the solar
installer, Real Goods Solar.
“Green technology and public
housing don’t usually go hand in hand,”
says Mauroff. “When you live in a place
that doesn’t get a lot of attention, it’s
great when the spotlight is on you and
people are investing in where you live.”
Sunwheel is working with other affordable
housing developers and public
housing authorities around the country.
The firm has partnered with the St.
Louis Housing Authority to work on solar
projects around the city and plans to
work on solar-outfitted new construction
in Memphis and Miami.
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