September 6, 2016

Redeveloping Green in Maryland

Wishrock ribbon cutting ceremony

 

When Wishrock set out to redevelop Timbercroft Townhomes just northwest of Baltimore, it had multiple, challenging goals. It was committed to keeping the community – 284 units spread over more than 20 buildings – affordable. It had to meet the previous owner’s tight timeline for selling. And it wanted to give residents green and healthy homes.

Redevelopment Challenges – and Successes

To create an environmentally friendly community, Wishrock turned to the Enterprise Green Communities Criteria. To receive this national certification, which aligns with Wishrock’s commitment to sustainability, an affordable housing developer must meet multiple criteria involving integrative design, location and neighborhood fabric, site improvements, water and energy conservation and green building materials.

Other partners played major roles in the redevelopment. Wishrock worked with design and development teams at Whiting-Turner, The Architectural Team and New Ecology to plan and complete a 14-month renovation at Timbercroft. Through a strong partnership with Maryland Department of Housing and Community Development and unwavering cooperation from Baltimore County, Wishrock was able to put together an offer that met the seller’s schedule, preserve the development’s affordability and create a realistic timeline. The development received support from TD Bank, which invested $12.8 million in Low-Income Housing Tax Credit equity in partnership with Enterprise Community Investment, as well as Citibank, the U.S. Department of Housing and Urban Development, Fannie Mae, the State of Maryland, Baltimore Gas & Electric, Baltimore County and other financial and regulatory partners.

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The results of this shared commitment were clear last week, when a ribbon-cutting ceremony officially celebrated completion of the renovation at Timbercroft. Aniera Lee, a resident and fifth-grade student, shared her thoughts on the green redevelopment. “It’s really nice to know that I live in a community where the owners care about protecting the earth,” said Aniera, who has lived at Timbercroft for five years.

A Rich Future for Timbercroft

Timbercroft’s dedication to sustainability didn’t end when construction did. Wishrock and Habitat America, the property’s management company, are implementing green operations and maintenance practices. Springboard to Opportunities, Wishrock’s nonprofit partner, is launching a Green Resident Initiative, which will involve residents of all ages in projects, activities, and events to further healthy and sustainable living.

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“The success of this project has led Wishrock to pursue Enterprise Green Communities certification in all of our current redevelopment projects.” said Wishrock’s Director of Development Bryan Shumway as he closed the ribbon-cutting ceremony. “We worked to create a sense of place at Timbercroft and to lay the groundwork for a legacy of sustainable living for the entire community.”

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