Deutsche Bank and Enterprise declare winners of affordable housing innovation competition

August 20, 2013 │ New York

Lowering the Cost of Housing Competition sponsors new approaches to high-quality, lower-cost affordable housing.

For the competition, Deutsche Bank Americas Foundation and Enterprise Community Partners invited developers to submit proposals presenting new methods for designing, building and financing affordable housing for low-income individuals or families.

The Bayside Anchor development program of Portland, Maine, captured the top prize and will be awarded a $250,000 program-related investment for its prefab, 42-unit multifamily housing proposal. Bayside Anchor has been designed to Passivhaus (ultra-low energy) standards and will include energy efficient measures such as solar roof panels and a courtyard for storm water management. The Bayside team is comprised of Avesta Housing, Wright-Ryan Construction, Kaplan Thompson Architects, Maine Affordable Housing Coalition and PHDC, an affiliate of the Portland Housing Authority.

The Bayside Anchor proposal was chosen partly for its design innovation, potential replicability and cost savings. The development team is using an integrated design/build approach that will reduce professional fees, shorten construction time frames and minimize change orders. The project team is attempting to realize savings through compression of construction time and better labor efficiency. It is projected that this approach could lead to $200,000 in savings.

In addition to the winning proposal, a $25,000 prize was awarded to ACCDC of Austin, Texas, to further their proposal. ACCDC proposed the building of Accessory Dwelling Units on single-family lots with suitable land capacity to address housing costs.

“Localities are the laboratories of innovation in defining the new best practices of inner-city urban development that prioritize energy efficiency, economic integration and cost efficient building technologies,” said Gary Hattem, President of the Deutsche Bank Americas Foundation and Managing Director of the Community Development Finance Group. “The winning teams are at the forefront of integrating a variety of strategies to achieve a best in class housing development that is a model for sustainable and equitable urban development.”

The seven member judging team included Mr. Hattem. The competition was conceived at Lowering Cost Convening hosted by Deutsche Bank in 2012 and was facilitated by Deutsche Bank, Enterprise and UPSTATE: at Syracuse University School of Architecture.

For more information about the Competition, please see the press release. To read more about the Lowering the Cost Convening, please click here.

A rendering of the Bayside Anchor development in Portland, Maine. Photo courtesy of Bayside Anchor. enlarge

A rendering of the Bayside Anchor development in Portland, Maine. Photo courtesy of Bayside Anchor.

A rendering of the Bayside Anchor development in Portland, Maine. Photo courtesy of Bayside Anchor.


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Last Update: August 20, 2013
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