Triple Bottom Line Development
We’re building a Triple Bottom Line product at Tartan Residential – bright green apartments targeting the underserved workforce housing market that generate attractive returns, are socially responsible, and are energy efficient.
We’ve learned that spending a little more on energy efficiency generates huge future benefits, which can be monetized today as a gap-filling capital source.
It appears that the TBL Fund has figured this out as well!
From the piece:
“The Triple Bottom Line Foundation (TBL Fund), a CDFI founded in 2015 that’s part of the nonprofit social enterprise ICAST, serves small and mid-sized multifamily properties, such as apartment buildings, that house underserved groups, including low-income senior citizens, veterans, people with disabilities and other underserved groups. The organization funds sustainable retrofits on these properties, including weatherization upgrades, solar installations, and health and safety projects.”
A link to the piece is found here
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About the Author
Jeff Carroll is a trusted leader in workforce and affordable housing who has spent his career building communities that balance efficiency, affordability, and long term stability. He leads Allen & Associates Consulting and helped launch the Workforce Housing Development Corporation, guiding projects that use innovative construction methods and mission aligned financing. With thousands of consulting assignments completed nationwide and degrees from Clemson and Harvard, Jeff brings deep technical insight and steady strategic vision to every project he supports.
This post highlights the grand opening of Buchanan’s Crossing, a fully accessible mixed income community serving veterans and seniors in Kansas City, Kansas. Project sponsors, city leaders, lenders, investors, future residents, and the construction team gathered to celebrate the completion of the first phase. The development will ultimately include forty two and three bedroom duplex units and required a major off site sanitary sewer improvement, including a one hundred forty four foot bridge that supports utilities for the project and future growth in the area. Jeff Carroll and Bob Hughes addressed attendees before the ribbon cutting and walk through, marking an important milestone for the community.