The Tyler Wins Sustainability, Historic Preservation Awards

0


EAST HAVEN, CT – The Tyler, a mixed-income senior living community founded by WinnDevelopment in the former East Haven High School, has received two other awards for its innovative approach that uses state and federal tax credits to meet the strictest energy standards industry to consider performance in a historic residential adaptive reuse project.

Patch attended the opening of the 55-and-over housing estate in the three-story core of the 84-year-old building in October 2020, the first in the United States to use state and federal historical tax credits for a passive redevelopment of the home.

The Connecticut Green Building Council not-for-profit recognized the 70-unit development with its 2021 Award of Excellence, recognizing excellence in green building and construction that supports the building’s broader goals of using the building to combat climate change in the state of Connecticut and beyond.

The most recent awards follow The Tyler’s recognition as the Nation’s Best Overall Development and Green Building in Affordable Housing Finance Magazine’s 2020 Readers’ Choice Awards and a Connecticut Preservation Award of Merit 2021.

Designed and built to the Passive House Institute’s rigorous EnerPHit standard with applicable historical exceptions, The Tyler is expected to use 20 percent less energy than a new ENERGY STAR building. By converting the former school building, 18,000 tons of greenhouse gases (GHG) were avoided every year – the annual energy consumption of 1,900 households. In addition, a 90-kilowatt solar PV system on the roof contributes to an even greater reduction in CO2 by producing more than 100,000 kilowatt hours of clean, renewable electricity annually.

In addition to CTGBC recognition, The Tyler was also recognized last week with the Novogradac Journal of Tax Credit Award 2021 for historic redevelopment as a housing estate that best illustrates the “big impact on the community”. Novogradac, headquartered in San Francisco, is a national professional services organization providing accounting, valuation and advisory expertise with a focus on the real estate sector.

“Projects like The Tyler show the inherent sustainability of adapting historical structures to the environmental expectations of the 21st century,” said Adam Stein, Executive Vice President of WinnDevelopment. “This award-winning effort would not have been possible without the foresight and support of the Connecticut Department of Housing, the Connecticut Housing Finance Agency, and the State Historic Preservation Office.”

WinnResidential-managed The Tyler officially opened in October 2020. The 104,871-square-foot brick building stood vacant for nearly 21 years after serving as the city’s high school since 1936. The WinnDevelopment project preserved and restored the property and transformed the academic core. of the building in 67 one-bedroom units and three two-bedroom units serving all income groups.

“The Tyler addresses a critical need for affordable housing in East Haven,” said Nandini Natarajan, CHFA’s chief executive officer. “WinnDevelopment’s adaptive real estate reuse has created a sustainable asset that the community will benefit from for decades to come.”

Funding for the $ 21.5 million project came from federal low-income tax credits from the CHFA; Historical Rehabilitation Tax Credits from the National Park Service and SHPO; soft debt from the Connecticut Department of Housing (DOH) Flex program; Mortgage lending from Bank of America and Citizens Bank; Affordable Housing Programs from the Federal Home Loan Bank of Boston; United Illuminating energy discounts; Partnership capital from Bank of America and a low-interest loan from BlueHub Capital (formerly Boston Community Capital). As a project partner, the City of East Haven agreed to a ten-year deferred property tax structure.

“The redevelopment of historic East Haven High School shows what conservationists have been saying for decades – that historic preservation, conservation, and energy efficiency are not competing goals,” said Julie Carmelich, administrator of historic tax credit for the Connecticut State Historic Preservation Office. “Our team would like to thank WinnDevelopment and its team of architects, contractors and consultants for all of their hard work and vision.”

Funding for the $ 21.5 million project came from federal low-income home tax credits from the CHFA; Historical Rehabilitation Tax Credits from the National Park Service and SHPO; soft debt from the Connecticut Department of Housing (DOH) Flex program; Mortgage lending from Bank of America and Citizen’s Bank; Affordable Housing Programs from the Federal Home Loan Bank of Boston; United Illuminating energy discounts; Partnership capital from Bank of America and a low-interest loan from BlueHub Capital (formerly Boston Community Capital). As a project partner, the City of East Haven agreed to a ten-year deferred property tax structure.

East Haven Mayor Joseph A. Carfora congratulated WinnDevelopment et al. and called The Tyler a “real success”.

“I was thrilled to learn that Winn was recognized again for his advanced approach to using state and federal tax credits in the development and repurposing of historic residential complexes like The Tyler,” he said. “Winn at every level has been and continues to be a partner in our community, so we continue to discuss with them the absolute best causes for the back of the ‘old’ high school, parts of which are historic.”


Share.

Leave A Reply