|Housing Development Corp. -
Scattered Site Preservation Project
Seven Building Sites in Berks, Dauphin and Lancaster Counties, PA
CH&E Construction is serving as the general contractor for Occupied Renovations at seven Housing Development Corporation (HDC) properties in Lancaster, Lititz, Ephrata, Highspire, Reading and Quarryville. HDC recently completed a groundbreaking $26 million tax-exempt bond transaction that will allow them to keep rents affordable for these properties, in three counties, for an additional 30 years. The deal, a first of its kind in Pennsylvania, provides roughly $8.4 million for HDC MidAtlantic to perform renovations intended to improve energy efficiencies and provide many upgrades at each of the properties.
The project includes the installation of green technologies at each of the properties. This includes solar panels, high efficiency boilers for heating systems, and energy efficient windows. HDC will be able to keep rents affordable because the properties will realize significant savings thanks to the installation of the green technology. By installing the energy efficient technologies, the properties will realize savings of 18 percent to 20 percent in utility costs.
In addition, all handicapped apartments at the properties will be renovated to ensure that they meet current requirements of the Americans with Disabilities Act.
Architect: Tippetts/Weaver Architects - Lancaster, PA