Standard Communities said it received the annual Green Initiative Excellence Award from Multi-Housing News for Standard’s commitment to environmental sustainability while it expanded and preserved high-quality affordable housing at Fort Chaplin Park Apartments in Washington, DC.
“Standard takes a holistic approach to integrating sustainable practices into our transactions. The major sustainability upgrades completed at the Fort Chaplin benefit the residents and the community. We’re extremely proud of the impact that we’ve made,” said Scott Alter, co-founder and principal of Standard Communities. “We estimate that these upgrades save residents almost 50 percent on electricity and over 30 percent on natural gas costs each year.”