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Ron Rukenstein, PP, AICP USDA Green Day Presentation July 1, 2010 ron@rukenstein

Ron Rukenstein, PP, AICP USDA Green Day Presentation July 1, 2010 ron@rukenstein.com. Kent Avenue Apartments – 101 unit residential apartment building for seniors (55 and over) and people with disabilities. Financial assistance was provided from the following sources:

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Ron Rukenstein, PP, AICP USDA Green Day Presentation July 1, 2010 ron@rukenstein

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  1. Ron Rukenstein, PP, AICPUSDA Green Day PresentationJuly 1, 2010ron@rukenstein.com

  2. Kent Avenue Apartments – 101 unit residential apartment building for seniors (55 and over) and people with disabilities.

  3. Financial assistance was provided from the following sources: Jersey Housing and Mortgage Finance Agency (NJHMFA) – Low Income Housing Tax Credits, Home Express, Special Needs Housing Trust Fund New Jersey Department of Community Affairs (NJDCA) – New Jersey Affordable Green funds, Small Cities Community Development Block Grant, Deep Subsidy PNC Multifamily Capital – Tax Credit Equity and Construction Loan Harvest Community Bank – FHLB NY Member and Letter of Credit for construction contract

  4. Efficient Building Envelope w/Slab, Wall Panel and Roof Insulation

  5. Pella Impervia Duracst Low E High Performance Windows

  6. Energy Star Dishwashers and Refrigerators

  7. Energy Star Washers and Dryers

  8. On Site Stormwater Absorption

  9. Low Water Use Toilets and Linoleum Flooring

  10. Recycled aggregate used for staging area and building envelope

  11. The set-up and crane to drive pilings and the cinched pilings. The pilings were weight tested and then cut off at a set level. The remaining steel was recycled.

  12. High Efficiency Heat/Hot Water • Hot water via gas-fired instantaneous hot water heater • Hot water is used to heat the coil in the Air Handler • Circuit Board within Air Handler controls the delivery of hot air to meet individual temperature controls

  13. Rannai Tankless Systems provide the homeowners with hot water on-demand

  14. Kent Avenue Before

  15. Kent Avenue reconstructed with new curb and sidewalk

  16. Other Green Features • Low VOC Paints and Sealants • Concrete with fly ash used for the foundation • Carpet With Recycled Content • Recycling Centers in Common Areas • Recycling Areas in Kitchens • Rooftop Solar System

  17. Rooftop Solar System • In 2008 installed a 100 kilowatt solar rooftop system • 462 solar panels, Sharp 216 Watt Modules, Installed on a Ballast Frame, Zantrex GT 100 Inverter, Weight 61,000 pounds • The system is sized to meet the common area electric load • Significantly reduces both consumption of non-renewable energy and operating costs. • In its life span, the system will produce 2,764,375 kWh of electricity. • The environmental benefit is equal to 1,450 tons of avoided CO2 emissions, 19,725 trees planted, or 2,193,950 miles not driven in a car.

  18. Solar Financing Solar System is Residential and Eligible for LIHTCs

  19. Solar Financing SREC’s are a tremendous project benefit but still a new source of revenue and difficult to underwrite to support new debt

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