Tuesday, April 26, 2016
Portland, ME – Wishrock Housing and Investment Group, a national developer and investor in affordable housing, commits to bringing renewable energy to low-income communities.
Today, Wishrock unveils plans for its first combined solar rooftop and solar carport development at three multifamily affordable housing properties in Bridgeport, Connecticut. The properties – Bridgeport Elderly Apartments, Laurelwood Place Apartments, and Sycamore Place Apartments – just received Zero-Emission Renewable Energy Credit (ZREC) awards from the United Illuminating Company. In partnership with solar developer, MSL Group, Wishrock will soon break ground on this innovative, multi-site solar project.
In January, Wishrock completed its first on-site solar development at Laurelwood Place Apartments. This 102-unit apartment community is home to seniors and disabled residents. As part of Laurelwood’s green renovation, Wishrock and its development partner, National Housing Trust-Enterprise Preservation Corporation, added a 15kW rooftop solar array. The solar system is already stabilizing electricity costs and offsetting nearly 5,000 pounds of carbon since its installation.
“Wishrock and NHT-Enterprise are embracing a clean energy future,” says President Rick Wishcamper. “Today’s announcement reflects our broader commitment to sustainability and lowering energy costs for our affordable housing communities. As solar energy becomes more competitive with conventional sources of electricity, we will continue to expand our solar footprint in Connecticut and across the country.”
Trisha Miller, Sustainability Director
With nearly 100 years of combined experience developing affordable housing, the principals of Wishrock have successfully and creatively created and maintained safe and supportive affordable housing communities using many different funding programs in 10 different states. We focus our work on acquisition and rehabilitation of existing affordable housing communities, often in difficult settings and challenging markets. We take great pride in preserving the affordability of the communities we purchase and redevelop and in our commitment to doing so with great emphasis on improving the quality of the lives of our residents through dedicated empowerment services and on our commitment to operating at the forefront of sustainability. Wishrock and its principals have preserved over 10,000 units of affordable housing, have never removed the affordable component from a project, and have never defaulted on an obligation to a lender or investor.