Today's homes go beyond convenience and lifestyle to also include an environmentally friendly dwelling. Your CitySide 2 home will be built with the latest advances in energy efficiencies and will benefit from LEED certification.
LEED Certification at the CitySide 2
All of the homes in the CitySide 2 will seek LEED (Leadership in Energy and Environmental Design) certification. This designation will offer home owners a 15 year transferable tax abatement on the value of their homes. This means that construction will be environmentally friendly resulting in extra energy efficient or "green" homes. This provides home owners with lower energy bills for the life of the home as well as eligibility for a 15 year City of Cincinnati tax abatement.
What Is the U.S. Green Building Council?
The U.S. Green Building Council (USGBC) is committed to transforming the way our buildings are designed, constructed and operated through LEED—the top priority third-party verification system for sustainable structures around the world.
Every day USGBC is helping advance spaces that are better for the environment and healthier for us to live, work and play in. Through our community network, continuous collaboration with industry experts, market research publications and LEED professional credentials, USGBC remains a key driving force in the green building sector.
What is LEED certification?
LEED, or Leadership in Energy and Environmental Design, is changing the way we think about how buildings and communities are planned, constructed, maintained and operated. Leaders around the world have made LEED the most widely used third-party verification for green buildings.
LEED homes are built to be healthy, providing clean indoor air and incorporating safe building materials to ensure a comfortable home. Using less energy and water means lower utility bills each month. In many markets certified green homes are selling quicker and at higher prices than comparable non-green homes. Some of the most important buildings in the world use LEED. Shouldn't the most important building in everyone's world use LEED also?
What Types of Buildings Can Be Certified?
LEED works for all buildings, from homes to corporate headquarters, at all phases of development. Projects pursuing LEED certification earn points across several areas that address sustainability issues. Based upon the number of points achieved, a project receives one of the four LEED rating levels: Certified, Silver, Gold, and Platinum. LEED certified buildings are resource efficient, they use less water and energy and reduce greenhouse gas emissions. In addition, they save money.
What are The LEED Certification Measurement Categories?
According to the USGBC there are nine key areas measured by LEED:
- Sustainable Sites
- Water Efficiency
- Energy and Atmosphere
- Materials and Resources
- Indoor Environmental Quality
- Location and Linkages
- Awareness and Recognition
- Innovation and Design
How Does The Certification System Work?
The certification system is set up as a series of prerequisites and credit points. Prerequisites are specific standards your home has to meet to even be considered for certification. Credit points are awarded for a range of optional improvements. The points, awarded for everything from meeting energy efficiency standards to preserving plant life, add up to a certification score.
- Certfied is 45-59 points
- Silver is 60-74 points
- Gold is 75-89 points
- Platinum is 90-136 points
- Total Available Points are 136
The CitySide 2 project has pulled together an expert team that has registered this group of homes for LEED certification. If platinum level status is obtained, the tax abatement would run for 15 years. The improvements would not be subject to real estate tax, and homeowners would pay tax solely on the land per below example.
|Home sale price||$1,550,000|
|2% annual real estate taxes without tax abatement||$31,000|
|Annual real estate taxes with tax abatement||$4,000|
|Estimated annual tax savings||$27,000|
|Estimated 15-year tax savings||$405,000|