Tips on developing a green finance program for your affordable housing portfolio.

1. Green Finance for Affordable Housing BrightTALK Webcast Wednesday, June 17, 2009 Lisa Michelle Galley

4. Do you include green finance tools or techniques in your existing program right now? June 17, 2009 BrightTALK: Green Finance for Affordable Housing Introduction to Green Finance: Survey Question

5. A system of public and private market financial mechanisms that promote sustainable real estate. June 17, 2009 BrightTALK: Green Finance for Affordable Housing Green Finance Rewards Resource Value Integrative Intentional

9. Are you utilizing a benchmarking standard across your entire portfolio, for both existing assets and new construction? June 17, 2009 BrightTALK: Green Finance for Affordable Housing Benchmarking: Survey Question

16. Are you utilizing conventional underwriting metrics to calculate your ROI from sustainable real estate projects? June 17, 2009 BrightTALK: Green Finance for Affordable Housing Green Underwriting: Survey Question

17. Green Underwriting: Mixed-Use Case Study June 17, 2009 BrightTALK: Green Finance for Affordable Housing

19. Applying Green Finance to Affordable Housing June 17, 2009 BrightTALK: Green Finance for Affordable Housing

24. June 17, 2009 BrightTALK: Green Finance for Affordable Housing Year 1 reduction: $24,500 Annual electricity cost (per NRSF) Annual gas cost (per NRSF) Annual water & sewer cost (per NRSF) Year 1 reduction: $5,500 Year 1 reduction: $17,000 Total year 1 reduction (common areas): $47,000 Owner case: operating expense reductions (common areas) Mixed-Use Case Study Mixed-Use Case Study Mixed-Use Case Study

25. Mixed-Use Case Study: Green Value Proposition June 17, 2009 BrightTALK: Green Finance for Affordable Housing

26. June 17, 2009 BrightTALK: Green Finance for Affordable Housing Year 1 tenant savings (all units): $36,000 Tenant case: electricity savings Annual Electricity Use (per unit) Annual Electricity Cost (per unit) Annual reduction (per unit): 4,000 kWh Year 1 savings (per unit): $500 Mixed-Use Case Study Mixed-Use Case Study

29. Are you comprehensively sourcing and mapping funding opportunities across the capital supply chain? June 17, 2009 BrightTALK: Green Finance for Affordable Housing Financial Incentives for Green Building: Survey Question

30. June 17, 2009 BrightTALK: Green Finance for Affordable Housing Financial Incentives for Green Building: A Missed Opportunity Source: National Real Estate Investor 2007 Green Building Survey

31. Financial Incentives for Green Affordable Housing: Sources June 17, 2009 BrightTALK: Green Finance for Affordable Housing

32. Comprehensively Source Funding June 17, 2009 BrightTALK: Green Finance for Affordable Housing

33. Strategic Funding Supply Chain June 17, 2009 BrightTALK: Green Finance for Affordable Housing

35. Is your team good at creating synergies between ‘all of the above’? June 17, 2009 BrightTALK: Green Finance for Affordable Housing Financial Integration: Survey Question

38. Checklist for Improving your Green Finance Program June 17, 2009 BrightTALK: Green Finance for Affordable Housing 1. I know which of my project’s green features can help to improve net operating income. 2. We are capturing the maximum amount of financial incentives available for our projects. 3. We are aware of the emerging debt and equity underwriting standards for sustainable real estate and are able to show property performance based on these new standards. 4. We are building and/or retrofitting green based upon a third party rating system (ie, the USGBC LEED rating system)

39. Checklist for Improving your Green Finance Program June 17, 2009 BrightTALK: Green Finance for Affordable Housing 5. We are able to design and build green at nearly the same cost as conventional construction. 6. We understand what types of financial tools and metrics to use when underwriting green real estate. 7. We know how federal, state and local regulatory changes are affecting our property portfolio and future development activities. 8. We have implemented best practice risk management reviews to reduce the financial risks within our portfolio.