Paladin Realty Certifies Largest Affordable Green Housing Project in the Western Hemisphere with IFC’s “EDGE” Program
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that its Villas del Fresno project in Mexico City has been certified by the IFC’s Excellence In Design for Greater Efficiencies (EDGE) program, making it the largest such residential project in the Western Hemisphere, both in terms of number of units and buildable area. Homeowners will enjoy an estimated 24% reduction in water consumption and 28% reduction in electricity usage, while embodied energy in building materials will be 74% lower than regional averages. The project is being developed in conjunction with local Mexican development partner, Casas Krea, which focuses exclusively on low-income housing in and around Mexico City. The project broke ground this month and will commence sales in early 2019.