Green Developments Getting Green Light

Developers are finding it easier to get funding for sustainable building projects due to federal incentives and investor interest in green certification.

1 minute read

May 30, 2009, 5:00 AM PDT

By Tim Halbur


"WHEN CROSLAND WAS designing its ?rst full-scale sustainable community, it wasn't focused on certi? cation.

The developer began the design process by lea?ng through several green building ratings systems-LEED, EarthCraft, Green Globes EnergyStar-and decided to use whichever aspect of each made the most economic sense.

But when it came time to secure ? nancing, the deal's lenders-Bank of America and U.S. Bank-and the equity partner- Northwest Mutual Life-all were excited to be part of a certi?able "green" community.

The ?nanciers encouraged Crosland to apply for the U.S. Green Building Council's LEED certi?cation and even helped the company ?nd consultants to execute the vision. In today's ?nancing world, Crosland wasn't about to say no."

Thursday, May 28, 2009 in Apartment Finance Today

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 11, 2025 - Diana Ionescu

Metrorail train pulling into newly opened subterranean station in Washington, D.C. with crowd on platform taking photos.

Congressman Proposes Bill to Rename DC Metro “Trump Train”

The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).

June 2, 2025 - The Hill

Large crowd on street in San Francisco, California during Oktoberfest festival.

The Simple Legislative Tool Transforming Vacant Downtowns

In California, Michigan and Georgia, an easy win is bringing dollars — and delight — back to city centers.

June 2, 2025 - Robbie Silver

Color-coded map of labor & delivery departments and losses in United States.

The States Losing Rural Delivery Rooms at an Alarming Pace

In some states, as few as 9% of rural hospitals still deliver babies. As a result, rising pre-term births, no adequate pre-term care and harrowing close calls are a growing reality.

45 minutes ago - Maine Morning Star

Street scene in Kathmandu, Nepal with yellow minibuses and other traffic.

The Small South Asian Republic Going all in on EVs

Thanks to one simple policy change less than five years ago, 65% of new cars in this Himalayan country are now electric.

2 hours ago - Fast Company

Bike lane in Washington D.C. protected by low concrete barriers.

DC Backpedals on Bike Lane Protection, Swaps Barriers for Paint

Citing aesthetic concerns, the city is removing the concrete barriers and flexposts that once separated Arizona Avenue cyclists from motor vehicles.

4 hours ago - The Washington Post