PRESERVING GREEN AFFORDABLE HOUSING FOR SENIORS

Portland, ME – Today, WISHROCK celebrated its first Enterprise Green Communities Certified* development in Maine: Loring House Apartments. This historic building, formerly Portland City Hospital, underwent a complete transformation to preserve affordable, healthy housing and to lower utility costs. WISHROCK partnered with the Portland Housing Authority, the City of Portland, HUD, Northern New England Housing Investment Fund, and Maine Housing to secure financing for critical building upgrades that also improved energy efficiency and resident comfort.

Together with the project’s development team, financial partners, Senator Angus King, and Portland Mayor Ethan Strimling, WISHROCK hosted a ribbon cutting ceremony to celebrate the project’s success.

“We are thrilled to celebrate the completion of Loring House, which represents an exciting combination of historic preservation and green redevelopment,” declared Rick Wishcamper, President, WISHROCK. “Being able to celebrate this success in a community our company calls home makes this moment even more special.”

“The Loring House Apartments help equip people in the Portland community with safe, affordable housing they need to thrive. Through this important work, the Loring House Project is setting an excellent example of how, with enterprise and ingenuity, our historic buildings can be part of sustainable solutions that strengthen our economy and support our community,” stated Senator King.

At Loring House and across its portfolio, WISHROCK operates as a triple bottom line company – with financial, social, and environmental goals at the core of its mission. As a Better Building Partner, the company aims to reduce portfolio-wide energy use by 20 percent and to provide low-income communities with a healthy living environment.

*Enterprise Green Communities Criteria and Certification promotes energy and water efficiency, healthy housing, and resource conservation. To receive this national certification, an affordable housing developer must meet many criteria involving integrative design, location and neighborhood fabric, site improvements, water and energy conservation, and green building materials.

CONTACT:

Trisha Miller, Chief Sustainability Officer

trisha.miller@wishrockgroup.com

202-294-3547

ABOUT WISHROCK:

The principals of WISHROCK have been working together to successfully create and maintain safe and supportive affordable housing communities for the past 10 years. WISHROCK is active in 9 states, where we focus on the 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. Our company is committed to our residents through dedicated empowerment services, and by operating at the forefront of sustainability.