North Miller Passive Multifamily honors Newburgh’s existing historic townhouses while delivering high-performance benefits of comfort, indoor air quality, and durability. The improved project will upgrade the building to Net Zero designation benefiting not only the building occupants, but also the building owner.
The business case includes: 1) scarcity of affordable housing, 2) negligible property costs / low capital requirements; and 3) owner-paid utility model which allows the project to turn utility savings into income. Because this combination of factors is common in Newburgh and other financially distressed areas, this project can serve as an example to be replicated by other developers and lenders.
