Making green housing affordable
Praxis community development investments support a unique housing development
Through community development investing, Praxis Mutual Funds®, a mutual fund family offered by Everence, supports communities around the world that are working to make themselves stronger.
Praxis invests in community-led projects, such as Mutual Housing at Spring Lake, an affordable housing development in California.
This development was built specifically for agriculture workers, is less than a half-mile from the local high school and a public park, and sits across the street from Woodland Community College.
The apartments are the first nation-ally certified Zero Net Energy rental housing, which means they produce as much energy as they use through a combination of energy-efficient design and renewable energy generation.
This leading-edge design directly addresses the concerns agricultural workers expressed in a survey by Mutual Housing California, given before the development was designed. Asked about their housing-related concerns, high utility bills ranked second only to rent.
Praxis has committed approximately 1 percent of each of its funds to benefit neighborhoods and individuals through investments with Calvert Foundation, a national impact-investing leader.