POCKETBOOK POWER; IT'S IN OUR HANDS

A Response from Aaron Fairchild, CEO of Green Canopy, Inc.

For those of us that are deeply concerned with the current Presidential administration, I thought I would offer acknowledgement in solidarity and a potential response to consider throughout each day as you continue protesting in the streets across America.
 
Trump is a self-professed businessman and has proclaimed that he will create perpetual economic growth throughout his Presidency and beyond, even at the expense of equity and the environment. To which we can, and should respond with a resounding, “No!" Natural limits to growth exists as populations grow and resources diminish. Perpetual economic growth at the expense of equity and the environment simply cannot be sustained, nor should the idea be tolerated as acceptable.
 
For years the “buy local” movement has been a compelling response to the perpetual growth model and well articulated in Wendell Berry’s short book of essays, “In the Presence of Fear." Buying local, and all that it entails, helps to strengthen our local communities and economies as we work to address our environmental and social equity issues in a more sustainable and less consumptive manner.
 
Today we find ourselves confronted with a Presidential administration that is happy to operate as a bull in global and national “china-shops,” rolling back environmental regulations not to mention our constitutional liberties. Given this as the backdrop it is more important than ever to perhaps reconsider our consumption behaviors and retrench to our local establishments and communities. The consumer has the loudest voice in our democracy. If consumers change their behavior, companies take notice, and correspondingly so do politicians.
 
To this, I ask you to send a message to this administration along with me and thoughtfully limit your consumption of global brands, and perhaps in general. Will you join me in more deliberately and critically considering the purchases you intend to make? Can you think about holding off, or reflect on not going out to dinner or away for that vacation? Perhaps consider focusing on local purchases, “stay-cations”, dinners at home with family and friends and making your investments locally.
 
But you may say, “Aaron, buying local and limiting our national consumer trends by perhaps even 5% would certainly cause a recession!” Frankly, is there a better way to send a message to a President who has trumpeted his business and economic acumen? Perhaps there is, however corporate sponsors won’t continue clinging if their numbers go down. Protest with your pocketbook and send an economic message to a business baron and let go of fear of a potential self-induced recession
 
Recessions come and go, and if a recession were indeed to arrive as a result of buying local, perhaps it would be more easily corrected than otherwise. More importantly, a recession caused by conscious consumption puts economic control in the right hands; in your hands, the hands of the people and not corporations or politicians. Send a message and buy locally, invest locally, walk to a friend or neighbor’s house for dinner, take transit, and walks in the dark and beautiful woods instead of heading to the movies.
 
If you ever needed an excuse or a little nudge to buy local and perhaps even less, the excuse sits in the White House and the nudge is constantly viewed on your news push-notifications. Take action throughout your every day. Consider more critically and deliberately as you buy products and consume goods. Mindfully, in the moment, think about buying less, buying local, investing local. Let go of fear and embrace the power of your pocketbook to create change. 

Share an easy, yet meaningful idea as a comment below that may be helpful to others as we all align to living and buying more locally.

Gearing up: The Built Green Conference and Awards are Right Around the Corner!

With the annual Built Green conference is only five days away, we’re getting increasingly excited to gather as a community of green building professionals to exchange ideas, connect and honor those among us who have done an outstanding job this year of bringing people into Built Green homes. Before heading into the weekend, we took a minute to get to know one of our Selling Agent of the Year finalists – Daniel Burton of Redfin.

AN INTERVIEW WITH DANIEL BURTON
GREEN GENIUS SELLING AGENT OF THE YEAR FINALIST

Now that the green building movement has become more mainstream in Seattle, what are the most relevant value propositions that make homebuyers choose green homes over a code-built conventional homes?
 
People don’t always realize that sustainability is more cost effective in the long run. The process of real estate development is already so complicated; to raise the bar on the quality of construction and integrating all of those green features says a lot about the product that you’re buying into. While it does take more advance planning, time and thoughtfulness, it’s so worthwhile in the end. The final product is not only built better, but it was done using non-toxic and renewable-sourced materials. You know that it’s not just thrown together, which can happen with a lot of new construction projects.
 
When people make the connection and actually see the numbers add up, not only in the short term but in the long term life cycle of the building, they see that you can save thousands and thousands of dollars if you just make a few smart choices upfront like focusing on high energy-efficiency appliances, improved ventilation, LED lighting, and capturing natural daylight whenever possible.
 
How can we push the green building movement forward? 
 
I think the best way is to brag about it – to promote it more. People don’t always know what they want until they know it’s an option. Once they understand they’re options and are educated, they’re like ‘Yes, this is definitely what I want’. The more we do that, the more the industry will feel pressure to accommodate those demands. In a sense, consumers vote with their dollar. Employing visuals that can incorporate the data, like infographics, so that more people can actually see the differences in Built Green homes, which could help make green standards the new normal. It’s one thing to read about it, but a visual that puts it all together for you really helps the ideas click.

What does sustainability mean to you?
 
Sustainability to me means a comprehensive, holistic, and thoughtful approach to how human initiatives impact our world now, and more importantly later. It also involves an identity shift to thinking about ourselves as global citizens who think globally and act locally. A collective effort to pursue a Triple Bottom Line mindset where people, planet and profit are taken into equal consideration is essential as well. From a real estate perspective, we have to think about how our buildings effect the people and animals that live in or around them, health-wise, cost-wise as well as how our built environment impacts its surrounding natural world. 

Why do you think the Seattle area is national leader in the green & sustainable building movement?
 
We were one of the first cities to make it illegal to not recycle and implement standardized compost. That kind of ‘granola’ culture has been part of Seattle's natural fiber for a long time; since that was already here, it was a really good place for this kind of movement to take off. A lot of people are already mindful of these types of things. The Native American history that is woven into our region may have also played a part, especially concepts like the Seven Generations principle – the idea that anything you’re doing today needs to be thought of in terms of how it will impact, not just people today, but seven generations from now. I think that captures the spirit of the green building movement, because it’s not just about saving money now, but also being really serious about how our actions will impact the planet seven generations later.
 
The landscape and regional locality of Seattle is also really important to consider. We’re so incredible lucky to have nature all around us. We’re positioned between two major mountain ranges, in a beautiful valley of vegetation with water surrounding us. All of that is definitely something that is propelling the sustainability movement. We can’t not think about it, because it’s all around us.

What do you like to do to enjoy the PNW summers?
 
Some of my favorite summer activities are hiking and camping in the Cascades and the Olympics, as well as taking an annual trip to Lake Chelan.

What is your favorite place on Earth? 
 
It might sound cheesy, but it’s Seattle. I’ve done a lot of traveling, especially all over the U.S., and after visiting so many different states I feel really lucky to be in Seattle. This is where it’s at.

If you could be an Olympic athlete, what sport would you want to compete in?
 
It would have to be snowboarding. My fate was sealed by having the same last name (Burton) as such a popular snowboarding brand!

The PNW is the hub of Greener Living: Thanks to These Geniuses

We are thrilled to highlight another year of excellence in green real estate. The 4th Annual Green Genius AwardS are right around the corner and we are excited to introduce some fabulous brokers this year. As the PNW transforms into a hive for sustainability - these brokers are capitalizing on new greenbiz trends in real estate. On September 13th We will be awarding the top Listing and Selling Agents as well as the top Listing and Selling offices at the Green Genius Award Ceremony during the Built Green Conference. These teams and individuals are key players in helping to transform the market, and their influence contributes to the growing trend of bringing more Built Green homes to the market every year. We’re excited to honor the great work they’ve done and the value they bring to their client’s lives. 
 
We hope to see you there! 

​AN INTERVIEW WITH FIORE PIGNATARO
GREEN GENIUS LISTING AGENT OF THE YEAR FINALIST

Now that the green building movement has become more mainstream in Seattle, what are the most relevant value propositions that make homebuyers choose green homes over a code-built conventional homes? 
 
It’s a combination of things. There are definitely individuals who are really interested in the metrics and being able to see the difference in a very concrete way and understand the processes involved. That exists particularly in Seattle, where we have quite a sophisticated group of buyers and sellers. But it also has to be valuable to a greater audience, to the bulk of buyers who are right there in the middle.
 
Articulating the value to that group of people and helping them understand how a Built Green home is going to be financially sustainable over the long term is really important. One builder that I work with is very hands on and accessible to buyers. His willingness to meet with them in person and articulate that value really helps the buyer feel confident that it’s not just smoke and mirrors, it’s real, data driven information.
 
In your professional opinion, how can the green building movement continue to push our society and communities toward more sustainable living? 
 
Systems that will be able to constantly renew your ability to harvest your own energy such as solar panels or geothermal position you to really be able to pull yourself away from the grid and be self sustaining. That’s super exciting to me.
 
How do you incorporate sustainability into your own life?
 
Right now I’m remodeling my own home. I’m trying to bring in as many sustainable systems as I can, like solar panels, an improved heating system and tightening up the insulation. I’m looking at how these improvements are going to help me save money over time, and I also think there’s a lot more care and quality in this kind of development. Builders that build sustainably have put a lot more into that house, period. You’re just getting a better product over all, the bar is set much higher.
 
Why do you think the Seattle area is national leader in the green & sustainable building movement? 
 
It’s part of our DNA as Seattleites! We have the mother ship for REI here, mountain climbers, people who move here so they can be skiing in 45 minutes and people who hop on Lake Union on a Tuesday afternoon for sailing races. While Seattle isn’t necessarily a rugged frontier anymore, I think that’s how it started and you have people who wanted to preserve that spirit and character from many, many decades back. Now that we’ve had this tech boom, they go hand in hand because it’s brought a demographic of people who are looking for above average homes.
 
What do you like to do to enjoy the PNW summers?
 
I love playing soccer, running, getting out on the Puget Sound and going crabbing and harvesting oysters with my family at our beach property. We actually have our own oyster bed there.
 
If you could travel anywhere, where would you go?
 
The Italian Riviera. While I’ve been there before, I really hope to go back soon. I was a teacher for 12 years before I got into real estate, and got to teach at an international school in Genoa, Italy. I’d love to be able to be able to go back and visit every little hamlet and unknown city on that stretch of coast. It’s like a second home to me.
 
If you could be an Olympic athlete, what sport would you want to compete in?
 
It would have to be something in track and field. The marathon would definitely be a candidate, or the 1500-meter or 200-meter sprint – which is always such a dramatic race. The Olympics is still the pinnacle of running going all the way back to the ancient Greeks.

Ends or Means?

Contributed by Andy Wolverton, CFO

Green Canopy gladly spends significant time and resources to nurture our corporate culture; a culture centered on our Values. These shared values reveal themselves in the norms, mantras, behaviors, and language of the company; they are the bedrock of culture. Rather than let our values develop organically by default or be established top-down, every member of the Green Canopy Team participates in the process of establishing our shared Values from the ground up.

At the beginning of every year the Company holds what is called our Mission, Vision, Values Retreat. The Team at Green Canopy has created an innovative approach to building and managing Culture that creates alignment throughout the Company. At this Retreat the Team re-calibrates to our purpose, Mission, and the direction that the Team is driving the Company, Vision. The remaining and majority of the Retreat is spent focusing on our foundation; qualifying our shared set of Values. The sum total of the Values equates to a culture of integrity and constant improvement.

Once the Team has reviewed, revised and renewed our Values for another year, we roll into the first of two annual Cultural Reviews. These Cultural Reviews allow the Team to review each other and reflect on how each member has upheld - or better yet, how they can improve - their practice of and commitment to the shared Values collectively defined at the Retreat. The Company’s approach to managing and measuring culture ensures Team buy-in.

After all, it has been said many times before, “Culture eats strategy for breakfast.”

But do the Values really matter in the day-to-day minutia of completing tasks and improving the bottom line? 

Productivity is more valuable than fit and the ends justify the means, right? In fact, Green Canopy may have agreed with these statements years ago. We, for many years, proudly labeled ourselves as a Results Oriented Work Environment, or ROWE, a methodology popularized by Daniel Pink, among others.  

While the benefits of being a ROWE are many and well-documented (and we agree!), we have come to understand being a ROWE is only half the equation. How those results are achieved is more important than the outcome. Why? We believe it is because of our focus on the prioritization of long-term goalsover short-term gains.

Since our Values define Green Canopy’s collective how, we prioritize Values Alignment during our hiring process and developed the basic quadrant diagram (below) for grouping our Team and new applicants.

The diagram includes two axes, Values Alignment and Abilities, each with positive and negative option, making four unique quadrants. The green-shaded row at the top shows the two quadrants Green Canopy prioritizes in our Team and new hires; with both including positive Values Alignment. We would rather work to improve the skills of a well-intentioned coworker with a shared set of values than a highly productive employee who is ambivalent to Green Canopy’s shared Values. More time, energy and resources are spent working with a highly skilled yet misaligned employee than developing an under-performing Teammate who strives toward self-improvement along the Values.

When looking at the Values vs. Abilities diagram, the obvious priority would be to only hire those who fit within the top right box. They are the ideal and perfect Teammates, right?

​However, in practice we recognize that the top right box is the area to strive toward and is generally an impossible space to permanently occupy. All of our Teammates have areas of their work in which they are masters of their craft 

Our aim is to live within the top row, and the goal is to continuously move toward mastery in all aspects of our jobs. That has us all in practice (1)  bouncing back and forth between Lacking Ability and Mastery within the row of Values Aligned as we learn new lessons in our life and in our work. Personal and professional growth and development require the understanding that we are all imperfect. However, the Green Canopy Team understands there is great potential for those who enjoy shared values.
 
(1) As a quick side note on work as Practice rather than a Performance, we highly recommend this HBR Ideacast (Ideacast #523) released May 5, 2016, with Robert Kegan and Lisa Lahey.

Seattle's Branded Builders: 2015 Market Share Report

4034 Linden Ave N - Green Canopy Homes, Image Courtesy of Soundview Photography

The numbers from the NWMLS are in! Below you will see the list of the Top 20 Branded Builders in Seattle as pulled from our local Multiple Listing Service data. More importantly, you will also see the percentage of the homes that each builder listed as certified Built Green.
 
Why is this data useful? It is a market insight that clearly shows builder trends and market impact. The data reveals the local trend toward more sustainable construction practices that impact our region and our nation. As Seattle remains at the top of national growth centers - builders here are in the spotlight and the quality of our housing stock sets a precedent.

So, how do Green Certifications impact our market? The Built Green certification standard means that Built Green certified homes were built to a standard that is beyond code. Simply put, Built Green certified homes are better than code-built homes because they are built to a standard that meets and exceeds our building codes. Not only are certified Built Green homes better quality than standard code built homes, but they cost less to own, have a reduced impact on the environment and put less strain on our water and energy resources. They are less toxic and have better indoor air quality which is imperative considering our growing asthma rates for adults and children across the US. Life in these homes are simply more comfortable and healthy.

Why aren't all builders building to this standard? Often the argument you hear builders make for not building to a standard that exceeds code is that it costs too much money, or that people will not pay extra for better quality. And yet most of the builders in the Top 20 are building at least some certified Built Green homes. So it stands to reason they have figured out how to make it work. Green Canopy would like to continue to encourage the Seattle homebuilding community to advance our collective building practices and embrace green building standards and techniques wherever and whenever possible. There will always be better quality homes than others, and homes that are more “green” than others. For those builders that have built and are continuing to build leading edge quality homes – THANK YOU and keep on keeping on blazing the trail for all of us to follow!

1122 23rd Ave S, gProjects; Images Courtesy of gProjects

Mission Aligned and Market Driven

IMPACT INVESTING IN GREEN HOME DEVELOPMENT AIMS FOR PROFITABILITY ON A TRIPLE BOTTOM LINE

FOR IMMEDIATE RELEASE:

SEATTLE, Washington (December 22, 2015) – Green Canopy is excited to announce that we have eclipsed a major milestone with our second Impact Debt Fund. The Alder Fund is a Real Estate Impact Investment Fund that is managed by Green Canopy and designed to lend on the development of certified green and guaranteed efficient homes. It has now issued its last loan and will begin winding down – issuing distributions as loans repay over the next 6-9 months.

With the help of the Fund and all of its participants, Green Canopy completed 50 high efficiency homes across Seattle, reaping a total energy savings of 532,000 kWh per year.  “We have mitigated over a million pounds of carbon in the last two years by building Green Canopy homes. That’s the equivalent of planting nearly 30,000 trees every year,” says Sam Lai, the CMO of Green Canopy. “These are metrics that our investors look at when they consider putting their capital to work for a cause. Of course it is also about returns, but not just so.”

The Alder Fund launched in October of 2013 with $7.7MM. Of the 50 Green Canopy homes that were built, nearly 25% of them were sold at price points below $450k in an effort to attract middle and lower income buyers in the Seattle market. These pricing targets were set by Washington State Housing Finance Commission, who partnered on several projects with Green Canopy with the hopes of providing green and energy efficient homes to buyers who also qualify for the Commission’s down payment assistance programs.

“This Fund, which eventually lent over $29MM for the completion of 50 homes, has been especially prosperous, and is an indicator of what mission aligned and market driven capital can accomplish,” said Andy Wolverton, the Fund’s manager and CFO of Green Canopy Homes. “The Alder Fund’s success is certainly reflected in our triple bottom line – and brings more than just monetary returns to our investors.”

The return profile for the Alder Fund is 9-12% annualized - and so far it is on target to achieve that goal. Over 50% of the investors have reinvested in the Birch Fund, Green Canopy’s third Impact Investment Fund which began raising capital this summer. The Birch Fund is targeting a total raise of $20MM and hopes to increase the number of affordable homes for sale here in Seattle and in Portland.

FOR MORE INFORMATION PLEASE CONTACT:
Andy Wolverton
andy@greencanopy.com
O) 206.792.7283

The Transformative Power of Frameworks

What impact could we have if we were all just a bunch of tree huggers united under a green canopy? Our logo is definitely symbolic of the work that we are doing to change the course of climate change - and certainly everyone knows that we have sang our share of kumbaya - but it's the fast, hard data that delivers our projects and helps us work toward improvement at Green Canopy.

Decision making and benchmarking frameworks are integral to Green Canopy’s operations. Our acquisitions team uses a data driven framework and metrics to identify and purchase attractive development properties. Our project managers use a framework for guiding construction related decisions from start to finish. The reporting outputs are used to inform and manage future acquisitions and projects.

These carefully crafted systems support us in driving toward consistent execution and continuous improvements. We learn from the successes and failures of our decisions by establishing baseline metrics and measuring and reporting against them. This ultimately makes Green Canopy a better homebuilder. And importantly, creates a stronger and more resilient company, reduces risk for our debt fund members and builds a more valuable brand for shareholders.

Investors face similar challenges, especially those pursuing positive social and environmental impacts alongside financial performance. Without a guiding framework, impact investors are left to untangle a confusing mix of information and options. An impact framework can be a transformative tool enabling investors to move beyond intuitive guesswork toward more systematic and objective decision making.  

We hope you will join us in attending an event, Impact Investing with Purpose, being hosted by The CAPROCK Group and SNW Asset Management on Tuesday, October 20th, 6 to 8 PM at Seattle Impact HUB. Green Canopy board member Kyle Mylius will moderate a panel exploring the evolution and use of impact investing frameworks and metrics. Panelist Luni Libes, a familiar face to many of you from Fledge and Pinchot University, will offer insights into The Pinchot Impact Index, the subject of Luni’s recently published book. The event will close with a preview of CAPROCK’s iPAR impact investment framework and evaluation platform.

A Rose by any Other Name... Would be a Genius!

Rose Bunao works alongside Jay Miller at Alchemy - a Keller Williams brokerage in downtown Seattle. We are thrilled to see their group represented on both the listing and the sales side of the Green Genius Awards! Not only are these agents up for the awards - but their brokerage is too!

Congrats to Rose and Jay! 

Rose Bunao
Green Genius Selling Agent of the Year Finalist
Redfin Real Estate - Central Seattle


  • Sam: What gets you excited about the green building movement?

  • Rose: The excitement  I get is when I am seeing a lot more of this  home being  built in our community as I am driving around in Heart of  Seattle and few on the East Side.     I take pride of able to share and show this home to my potential, past and  future clientals”   what Built Green homes offer with a Safer,  Healthier, Environmental Friendly, and the Engergy efficiency.  Knowing that there home they have purchase is going to provide them a better  and newer living experiences and be able to utilized this features.   The New  Sleek Contemporary elevation look to it,  features  and the interior finishes product.   I am always anxious to hold open house on the weekends, looking forward to be  and be able to show this homes to Buyers. 


  • Sam: What was your favorite green project? 

  • Rose: My favorite green site project are those homes that was Built with the  Great View.   When your on the Roof Deck  over looking  a 360 view of Puget Sound,  and or  360  view of Lake Washington,  with the Combination a 360 Mount Rainier, Cascade Mountain the combination to be able to see the 4 Views on the Roof Deck.     What more can you asked living hear in in the Northwest having a view like that.    Recent  one that I sold that had a 360 View of Puget Sound, and Mt. Rainier, and the Downtown City Scape,  was Builder  ISOLA homes,  on  corner of 30thand Judkins in Leschi -  3003 Judkins Street Seattle.


  • Sam:  What advice would you give to buyers and sellers of green homes?

  • Rose: My advice to  Buyers is buying a green built home is good investment to get into they will never regret , because what the feature it offers.   For the Sellers and Builders,  to keep up the great work ! of building more of this homes, because   they are still a lot of buyers out there awaiting more inventory of this homes to select from. “Supply on Demand” there not enough out there and they sell very quick ! too much buyers not enough homes for sale. 


  • Sam: What do you like most about living in the PNW?  

  • Rose: I have been living here in Washington for almost 18 years now,  originally from Hawaii, Island of Kauai. I reside on the East Side, of  Issaquah/Preston area on an acreage land with I have a few" Chickens/Hens" as my Pets and they lays fresh eggs daily,  and able to have it on your property.“  I like the nature life of having to see both the Evergreen Mountain forestry environment,  wilderness smell and the cleanness environment and having Lakes, the  Puget Sounds just nearby and have both the combination both of “ City Life” and  “Suburb Nature Life”has been great !  I can never asked for more. Best of Both Worlds. Growing up as a child, up to my teenagers years, on the island of Kauai, in which  offers lots of Nature Life.  We have that here too.   I  Never get  home sick  here in the Pacific Northwest,  where I grew,  it does have the similarity of what  Pacific Northwest Offers as well able to live he  take a trip natural nature environment, to the forest  to go camping,  skiing , Ski Resort is just short distance drive from my home, fishing, crabbing or pleasure boating ride,   but yet still have a Big City  Life ,  nearby is a great combination. Good long Summer, and combination of Winter, Fall, and Spring be able to see color changes during the 4 Seasons. Though idoes rain here  a lot in Washington during the winter. Its almost like being on the Island of  Kauai where it does  rains a lot there too.  Kauai is as you known for one of the Wettest Spot on Earth with Plenty of  Record Rains. Which  I grown custom too :) don’t mind at all. 


  • Sam: What is your favorite pump up song? 

  • Rose:  Jimmy Cliff – “ I Can See Cleary Now “


  • Sam: What is your favorite comfort food?

  •  Rose: “Beef Stew over  Rice”

Ron Rubin: Rogue Genius

Ron Rubin hangs his license at RE/MAX Metro Realty in Seattle, but he is also the self-proclaimed “anti-real estate agent.”  

Ron likes to keep things simple, staying focused on what’s most important and not worrying much about what other people think about him.  He’s not one to get excited about awards – not because he doesn’t appreciate it – but because he doesn’t enjoy basking in the spotlight.  Ron’s claim to fame in high school was having no claim to fame in school.  He’s been fired from every job he ever had and that’s why he became a real estate agent.  But with a stellar team, legendary systems and ~$16M in BuiltGreen certified new construction home sales last year – he is obviously no slouch.  Ron is well known in Seattle for taking care of his builder clients with bulldog loyalty and finding deals through thick and thin.   

One of the first times I met Ron he was wrestling his young toddler at a playground on Queen Anne and explaining that while it’s difficult to have babies without grandparents nearby, he expects nothing from them because it allows him to accept everything that comes from them with gratitude.  Perhaps the culture of thankfulness comes in part from his experience narrowly escaping the tsunami that ravaged Thailand in the winter of 2005.  He and his partner Rebecca stayed in Thailand to set up a guerilla relief fund called Waves of Mercy to provide “zero-red-tape” monetary aid to the people who needed help right away.  

Ron’s MO is connecting resources to his people who need it - no need for a spotlight or a claim to fame.  

Ron Rubin
Green Genius Listing Agent of the Year Finalist
Re/Max Metro Realty

  • Sam: What gets you excited about the green building movement?

  • Ron: The guys that are doing the green building are creating designs that are unique, different and creating a legacy.


  • Sam: What was your favorite green project?

  • Ron: Sloan's project was my favorite this year because A to Z - it had cool, cutting edge design, forward thinking, great material selection. It went beyond economics for the love of green design...instead of economic gain. It's truly leaving a legacy. It was visionary and forward thinking down t the details. I mean they even included underground power for cars on the parking strip.


  • Sam: What advice would you give to buyers and sellers of green homes?

  • Ron: Understand the cost/benefit ratio of each item you are selecting and choose carefully. Not all buyers will pay for certain things...don't overbuild the neighborhood


  • Sam: What do you like most about living in California?

  • Ron: The weather! it's 75 at thanksgiving


  • Sam: What was your superlative in high school – (ie most likely too…)?

  • Ron:  I was never voted for anything. My claim to fame was that I managed to get fired from very job I ever had... That's why I'm a real estate agent. 


  • Sam: What is your favorite pump up song? 

  • Ron: Theme song from Rocky


  • Sam: What is your favorite comfort food?

  • Ron: Truffle Macaroni & Cheese, or Toro Sashimi - it's the fattiest.

Red is the New Green

This year Redfin is topping the charts in the green home sales department. It is staggering to see the number of Redfin clients who are choosing green homes over other competitive properties. Perhaps it could be because Redfin is a next-generation company that represents an evolution in the way homes are bought and sold. It caters to a clientele that wants to be more involved in their home search and wants information at their fingertips, on their terms. 

But the tech alone isn't enough to qualify a great real estate service. Redfin also employs dozens of experienced real estate agents like Allie Howard and Karlyn Goetz. Allie will be a third time finalist for the Green Genius awards this year and Karlyn is setting new personal records for green home sales. When you are working with advanced buyers who know what they want - your agents have to be just as knowledgeable and these agents certainly know what is important when it comes to energy efficiency, walkability and sustainable construction.

What Redfin has proven is that when you enhance the experience of the hunt, give your clients the right tools, and include a team of full-service real estate agents who are advocates for their customers rather than the typical salespeople - you empower your customers. When customers are empowered - they buy homes that align with their values, rather than something an agent sold them on. They buy green homes.

Redfin is a Green Genius Selling Office of the Year finalist and Allie and Karlyn are both Selling Agent finalists. They have certainly helped to transform the local market.

Solo Lofts - courtesy of Redfin

Allie Howard
Green Genius Selling Agent of the Year Finalist
Redfin Real Estate -  North Capitol Hill, Madrona and Madison Park

  • Sam: What gets you excited about the green building movement?

  • Allie: Having grown up with a strong connection to nature and an inherent instinct to protect our natural resources, there are many things that excite me about green building. Currently, Greywater recycling and water conservation efforts are in the forefront of my thoughts.


  • Sam: What was your favorite green project?

  • Allie: Solo Lofts in Ballard; not only is it a fantastic Built Green 4-star project, but they also hired Green-centric Brokers to represent them.


  • Sam: What advice would you give to buyers and sellers of green homes?

  • Allie: Green homes have a broad appeal for many types of buyers. In addition to the practicality of using sustainably harvested building material and recycled products, indoor air quality and energy savings are also improved . There are typically better design elements throughout green homes as well, improving the quality of life for the homeowner and helps preserve the resale value of their investment.


  • Sam: What do you like most about living in the PNW?

  • Allie: I love the current of creative energy that flows throughout the Pacific Northwest. The abundance of natural beauty and outgoing attitude of the people who call the PNW home make it a really inspiring place to live and thrive.


  • Sam: What is your favorite pump up song? 

  • Allie: Revolution by The Beatles 


  • Sam: What is your favorite comfort food?

  • Allie: I love Creole and Cajun food, especially when I am down in NOLA with live music in the air.

Karlyn Goetz
Green Genius Selling Agent of the Year Finalist
Redfin Real Estate - Central Seattle


  • Sam: What gets you excited about the green building movement?

  • Karlyn: Honestly, it’s how quickly green homes are catching on. Aside from the eco-friendly features, so many of my buyers love green homes for the clean, modern look and family friendly spaces. Green homes tend to be very ‘livable,’ making the decision to buy green easy!


  • Sam: What was your favorite green project?

  • Karlyn: My favorite project I’ve seen recently is Dwell’s new Emerald Star Home in Ballard.  I love the unique character it has from the use of reclaimed materials. Finding cool original wood floors in 100-year old homes makes me so happy, so why not put them in a new home too?


  • Sam: What advice would you give to buyers and sellers of green homes?

  • Karlyn: Get to know the features of the home that make it unique. Often, buyers know that it’s a green build, but don’t realize the many details that set it apart.


  • Sam: What do you like most about living in the PNW?

  • Karlyn: The water and mountain views!! I’m a city girl at heart, but I LOVE that Seattle is so connected with nature. I’m on Lake Union every morning and in the mountains every chance I get!


  • Sam: What is your favorite pump up song? 

  • Karlyn: Can’t Hold Us by Macklemore and Ryan Lewis


  • Sam: What is your favorite comfort food?

  • Karlyn: If I could live off of homemade mac and cheese alone, I would! :)

Susan Stasik: 3rd Time Finalist, Full Time Genius

Last week we posted about local Brokers who are making an impact in the Seattle real estate market. That list could never be complete without a hat's-off to Susan Stasik. Susan has won the Green Genius Awards for Listing Agent of the Year for the last two years - and we are so honored to know her, her work and the work that she does with one of Seattle's most notable builders - Dwell Development,

Dwell's mission is to create livable, walkable, sustainable communities. They are responsible for completeing over 40 Built Green properties in the mixed-income community of Rainier Vista near the light rail - as well as completing the first Emerald Star Built Green Spec Home in Seattle.

That's what the Green Genius Awards are all about - educating a community and transforming the market to consider sustainability when homes are bought and sold. That's Susan's job. 

Susan Stasik
Green Genius Listing Agent of the Year Finalist
Windermere Real Estate  -  Madison Park

  • Sam: What gets you excited about the green building movement?

  • Susan: I am buying some acreage in Ce Elum’s high country where I hope to some day soon build a home as close to off-grid that I can achieve, so my most-immediate answer would be solar. Building a home that doesn't have to be hooked up to utilities is an amazing feeling. And now so many buyers and builders are using solar and that is an exciting thing to take advantage of. 


  • Sam: What was your favorite green project?

  • Susan:  Probably our most recent Emerald Star project. From finding the lot at the very beginning to getting the site orientation correct, and all of the details like the 450% efficiency Sanden heat pump, the barn wood, and the energy efficiency. The Emerald Star home was pre-sold, but there was so much geeking-out about the home. It was fun.


  • Sam: What advice would you give to buyers and sellers of green homes?

  • Understand the green features... there's a difference between green enough vs sustainability/health and energy efficiency.


  • Sam: What do you like most about living in the PNW?

  • Susan: I love Seattle. It is a vibrant, big city with big city issues - but the progressiveness of the city is amazing. You can't get that everywhere. We are lucky.


  • Sam: What was your superlative in high school – (ie most likely too…)?

  • Susan: Most likely to Lead. I had a wide assortment of friends.


  • Sam: What is your favorite pump up song? 

  • Susan: Most recently it would have to be the mashup of Rachel Platten & Kelly Clarkston's Heartbeat Fight Song.


  • Sam: What is your favorite comfort food?

  • Susan: Definitely cheese & bread.

Women's List for the Mountains

Excerpt from the Washington Women's Cookbook, 1909

1. Sleeping Bag, consisting of three bags - one inside the other.
(1) Waterproof shell, of khaki or rubber or parafined canvas or oiled silk
(2) Double wool blanket bag
(3) Comfort padded with wool bats, the comfort folded and sewed together as a bag.

2. Tramping suit:
(1) Bloomers or knickerbockers
(2) Short skit, knee length, discarded on the hard climbs
(3) Wool waist or jumper
(4) Sweater or heavy coat

3. Three pairs of cotton hose

4. Three pairs of boys' wool socks to wear as the second pair of hose to prevent chafing

5. Mountain boots to the knee with heavy soles, heavy enough for hob-nails and these must be placed in the soles before starting, using 3 1/2 eighths Hungarian nails in the instep as well as in the heels and soles 

Say Hello to Cora! 2902 NE 53rd

It's always fun to research names for our homes. It is one of the identifying features of a Green Canopy Home - and most of our homes are named after women who have made history and who have helped us get to where we are today. I couldn't help but highlight one of our newest acquisitions. The moniker for this home certainly is a story worth being told! Our latest project is Cora - after Dr. Cora Smith Eaton.

Cora was one of Seattle’s leaders in women’s equality during the turn of the century. Additionally – she was the first female secretary of the Mountaineers Club and also the first woman to summit Mt. Olympus (not to mention she summited all 6 of Washington’s major mountains). 

Cora was also a doctor of medicine and was the first woman doctor to practice in North Dakota before moving to Seattle. She was licensed in several states by the end of her career and ran a practice with her husband Dr. Robert A Eaton.

And my favorite anecdote – Cora also helped author the Washington Women’s Cook Book – a PR stunt for the Suffragettes to help get the message of women’s equality to the women who were still stuck in their kitchens – and to help sway men to support women’s right to vote by saying even the Suffragettes can still put a good meal on the table. Brilliant! 

Cora's contribution to the Cook Book consisted of the list above (they have a section on packing food for a hiking trip) and a recipe for (drum roll please...) Tea. Yes - her meaningful, amazing contribution was Tea. The recipe is below - but in her heart of hearts, you can see where Cora's priorities were. She was an adventurer... blazing trails for all of us.

But clearly, none of us can live in the PNW without tea. 

She is one bad ass mademoiselle. Welcome to Green Canopy. 

A Recipe for Tea
In two quarts of fresh water, boiling hard, put a loose cheesecloth bag containing four heaping teaspoons of tea. Cover and let stand by the fire for five minutes, but do not boil. Then remove the bag of tea, as leaving it in will make the tea bitter. Or, if the bag is not convenient, pour the tea off the leaves after it has steeped for five minutes. -Cora Eaton

Who's Making an Impact in Seattle Real Estate? Green Genius Awards on September 9

No one is questioning the success of the Seattle real estate market right now - but to folks like Susan Stasik, third time finalist for the Green Genius awards, its not about the quantity of home sales that really make her job worthwhile - its about the quality of the homes being sold; its about the people and the attitude toward better living; its about making an impact that affects more than just your pocketbook. Susan along with the rest of the Green Genius Finalists have more than one thing in common. First and foremost they are all stellar agents who know how to treat their clients, negotiate, and navigate the complex landscape of the Seattle housing market. They are all fierce agents with a passion for their jobs. But they do more than just navigate... they shape our market. 

These Green Genius Agents have managed to really push the needle in real estate while simultaneously helping the Emerald City build a reputation for progressive, sustainable living. They are at the forefront of a national trend, and we couldn't be more excited to award their positive influence.

On September 9th - we will announce the winners of the Green Genius Awards at the Annual Built Green Conference in Seattle. Each winner will receive a cash prize. We are thrilled to award these brokers for all they have done this past year. 

We asked each finalist a number of questions to get to know them before the Award Ceremony. Here is the first of seven posts. Let's see what Jay Miller has to say about green building!

Jay Miller 
JAY MILLER - Green Genius Listing Agent of the Year Finalist
Keller Williams Realty  -  Alchemy Real Estate Group

Sam: What gets you excited about the green building movement?

  • Jay: If we can translate the green movement in the same way the EPA has done with MPG stickers for cars, the energy efficiency and lower cost of owning a home (and communicating this to buyers) seems to me to be the most important. What does green in their wallet mean? We are a little numb to Energy Star and efficient hot water heaters, and it’s hard to know what overall impact it has on the home as a whole.


  • Sam: What was your favorite green project?

  • Jay: I loved all of the green projects I worked on this year of course! My favorite Isola project, the Woodlawn avenue "Licton Springs" because they felt truly stand-alone and AFFORDABLE GREEN.


  • Sam: What advice would you give to buyers and sellers of green homes?

  • Jay: It's easy to share with a buyer that an investment in a green home today, may seem like it's pushing the norm, but it's GOING to be the norm in 4.5 years when they sell. Setting up yourself to be a competitive green seller in a market that will soon have that as the norm.

  • For green builders, while mathmatically, they might sell for more...we haven't seen a recession yet...and there's better insulation against market swings.


  • Sam: What do you like most about living in the PNW?

  • Jay: That's it's turned into San Diego... but with better weather. The climate, activity & people make the PNW worthwhile. Two years ago I thought my family would have moved because of the weather - but now we are actually staying because of it.


  • Sam: What was your superlative in high school – (ie most likely too…)?

  • Jay: (Laughs) I’m not sure I was voted for anything, but if I was, it would’ve been in 5th grade.  I may’ve been voted most likely to succeed in business, in Mr Ito's class. I owned 1/2 the class businesses at the end of the year in a class market simulator project.  I don’t think that’s what Mr. Ito had in mind when he set up the project!  


  • Sam: What is your favorite pump up song? 

  • Jay:  Huh? 

  • Sam:  You know…like you’re about to step into a heated negotiation…or you’re very, very late coming home from work…or both.  What do you play in the car at ear wrecking volume to get yourself pumped up?

  • Jay: Black Eyed Peas - don't stop the party


  • Sam: What is your favorite comfort food?

  • Jay:  I think a snobby burger is the right fit... Cowboy cheeseburger at Eureka

Impact Alignment: Where Impact Product Meets Impact Buyers

Contributed by: Aaron Fairchild, CEO of Green Canopy, Inc.

I have often cited Daniel Goleman to explain a consumer’s desire to make an impact with his or her invested dollar. In Ecological Intelligence, Goleman explains that consumers will always buy what they perceive to be a less toxic or more environmentally friendly product given price parity with a competing product. While the consumer may not be buying the perceived “better” product to make a positive impact in the world, they are likely buying it because they view the product healthier or better for their family. 

This consumer behavior pattern offers a direct analogy for financial investors. It goes without saying that investors invest capital to generate a return. If an investor can invest in an opportunity that generates a similar risk-adjusted rate of return to competing investment opportunities yet the investment will also deliver outcomes that better align with their values, then the investor will likely choose to invest their capital in such a value-aligned opportunity. 

Enter Green Canopy. Our mission is transformational; our company was deliberately created with the mission to inspire resource efficiency in residential markets. We have two impact product offerings for consumers to buy.

Our primary impact product is our homes. We build homes that are more environmentally sustainable than what is required by city code and  have third party  audits  verifying our homes meet or exceed a local or national green building standard. In other words, a Green Canopy home is healthier for the planet, consumes less energy to operate (we guarantee that), and is simply a better home than the comparable code-built home. The kicker: we price our homes for sale on par with other homes on the market. We have to price our homes competitively with other homes because if we don’t, buyers would choose to acquire the less expensive yet comparably located and sized home. So buyers of our homes acquire a Green Canopy home at a competitive price that delivers outcomes that align with their needs and values. 

Our second impact product is our real estate fund offerings. We currently manage two debt funds that generate competitive returns for investors. If it were not for these funds, we would not have enough debt financing to build more environmentally sustainable homes at our current scale. Investors in these funds buy membership units that are designed to generate competitive rates of return and deliver outcomes that align with their values. 

I believe the United States has entered a relatively new era where the general market is looking for values-aligned solutions. I witness this daily in both of our product offerings. However, most consumers and investors remain price sensitive and will continue to be so. This is where many people believe the government and foundations can play a role. However, I don’t believe it is incumbent on the government or others to subsidize product offerings, or for that matter the market to simply accept the market-price mismatch. 

Entrepreneurs innovate. The role of being an entrepreneur is to figure out how to bring new product to market in such a way that the market is willing to pay for it. Government incentives and infrastructure are helpful catalysts and support structures for market change. But the role of efficiently bringing new product to market is ultimately the role of entre- and intra-preneurs. 

Additionally, foundations, the government and other mission-driven sources of capital can aid in providing lower cost of capital to kick-start product offerings and help stimulate demand (think of the Bullitt Center or the ZHome development). However, values alignment should not be seen as an impediment to bringing socially and environmentally impactful product offerings to market—it should be used as a competitive advantage. Sound business people focused on values-based product offerings will continue to innovate within the cost/price constraints of the market and ultimately bring more and more highly sought after product to meet consumer demand. Impact alignment and the balance between supply and demand are really just a matter of time and innovation.

Modern Builder and Design Magazine!

"Having beautiful product that is also incredibly energy efficient means it costs less to own and we mitigate more greenhouse gas emissions.”

We’re proud to share that we were recently featured in the Summer 2015 issue of Modern Builder + Design magazine! Our own Aaron Fairchild outlined Green Canopy’s mission, process, and motivations in the eight page spread.  He speaks to the importance of recognizing the impact our builds are making on both the environment, and on the community around us. 

“With educational programs, green building and renovation techniques, and unparalleled community engagement, Green Canopy is as much a movement as it is a business. 
Green Canopy Homes’ earth-friendly ethos is not limited to an end product: homes, renovations- and now custom- properties that sell for up to $1.5 million and meet rigorous standards for energy efficiency, quality and beauty. 
The company goes beyond its relationship with individual homebuyers to try to affect change in the market overall- through innovative education channels and partnerships. 
‘We have shifted this local market toward greater awareness of the benefits of resource efficiency and certified green product at the time homes are bought and sold,’ President Aaron Fairchild says.” (p. 63)

The article continues on to highlight Aaron’s goals and specific processes for accomplishing the Green Canopy mission.  He even mentions the Empower Happy Hours! 

We are also so thankful for Ballard Reuse, Northwest Electric & Solar, and Performance Insulation for being a part of this spread with us. 

Check out more here: http://www.nxtbook.com/nxtbooks/translucent/mbd_2015summer/#/62

Is your Dream Home a Green Home? The Challenges of First Time Home Buying

Leah Missik - The new Director of Built Green talks to happy hour guests about the Built Green program.

Last month we had the honor of hosting Greendrinks with a fantastic group of organizations. The Youngstown Cultural Arts center was buzzing with folks from Built Green, Sustainable Seattle, Green Canopy and the Washington State Housing Finance Commission; all there to answer one question for the happy hour attendees - "How can we make green homes more accessible to first-time homebuyers?"

Promoting green building in the retail, real estate market is a paradigm shift in the way we have traditionally shown and sold homes in the past. Value in real estate has always been determined by location, price, amenities, neighborhood, school districts, etc. with little thought given to long term investment in things like utility bills or walkability.  However - as we see the Millennial generation step into the homebuying arena - a generation known for their values-based consumerism -  we can and should expect these individuals to be more interested in long term savings from resource conservation, healthier and local materials that benefit the local economy, and access to amenities in walkable locations that will keep them out of their car. It's not just the Millennials making these decisions though. Today, the typical homebuyer is tech-savvy and non-traditional. They tend to research more or their own and, while decisions still weigh heavily toward cost and location, energy efficiency is topping the charts on the "Must Haves" list for new buyers.

That being said - there are still not a lot of resources to help first time buyers get exactly what they want from the traditional real estate market - and certainly not many incentives to help aid in that decision to go green. Speaking from my own home buying experience, you tend to throw your values out the window when things start to get competitive!

Greendrinks was a perfect opportunity to explore the ideas and programs that are currently at the intersection of the market and values. Folks left the following comments on our interactive ideas board - and conversations circled many of these topics and solutions all evening.

  • More education - many people do not know where to start when it comes to homebuying for the first time. Green homes can quickly become less of a priority as bidding wars heat up the market and first time buyers are forced to keep searching when product is scarce.

  • Incentivize green building - making it worthwhile for builders to actually build green product is a huge part of the equation. Programs like WSHFC's Energy Trust and Built Green - make it easier for builders to finance projects and adapt green building practices that make an impact in our market.

  • Incentivize green home purchases - Green mortgage loans and new products like WSHFC's Energy Spark program are paving the way for buyers to experience real financial relief on their mortgages for purchasing a green home. Additionally, programs like Green Canopy's Energy Performance Guarantee give buyers the peace of mind that their home will perform as it was modeled. This 3 year guarantee means the builder will pay any utility bill that exceeds the amount modeled in the Energy Performance Score.

As mentioned above - the Greendrinks event was an opportunity to talk about a new program from Washington State Housing Finance Commission that was launched just this month. We were especially excited to be alongside WSFC as they revealed Energy Spark - a program that works hand in hand with their down payment assistance program for first time buyers. This incentive comes in the form of an interest rate reduction for mortgages on energy efficient homes. You can learn more about it in this short clip from Kiro News. 

Living by the Lake: What Walkscore Doesn't tell you About Experience

Photo Courtesy of Tilly Goble: Naissance Photography

We do not tend to write about specific neighborhoods on this blog that often – but I was compelled to write a story about Seward Park after having lived there for several years. In my experience, it was a great place to spend my twenties as the burgeoning Columbia City was just becoming cool - and then start a family in a more mellow part of the Rainier Valley. Even though I recently moved – I still have many friends in the Seward Park area and I truly think it is a hidden gem in Seattle.

I am thrilled that Green Canopy is building here - which is why I wanted to capture the spirit of the neighborhood. I remember watching with anticipation when the lots on Seward Park Ave, walking distance to my own home, went on the market. It was a great location – and I had hoped that Green Canopy would be the ones to snap up these three lots. When we eventually did, I made it a point to stroll by often to watch as we started construction. It was incredible to see our company in my own backyard!

For me, Seward Park was kind of a life-changing neighborhood – filled with long walks on the waterfront, my son’s first bike ride as an infant, magical hikes in the forest and making memories. What I didn’t understand when I went to look up the “fun facts” on the neighborhood was how the heck this community has a Walkscore of 54! It seems artificially low to anyone living here – but perhaps that is because Walkscore tends to measure quantity of amenities over quality of experience.

Many of the residents agree that they actually get out and enjoy their neighborhood often, perhaps even more than families and individuals living elsewhere. What you don’t see on Walkscore is the fact that biking, running and taking long walks through the park, to the local Temples, and along the waterfront are often DAILY activities for the folks who live here. It is an experiential neighborhood, for sure! Full of lazy afternoons of sunbathing and winter forest walks among the old growth. Cherry blossomed sunsets and the peaks of Mt. Rainier. Things that can't be measured by Walkscore.


What Walkscore does point out is that Seward Park’s commercial district is pretty small. It might not feel like Fremont every weekday – but it definitely hosts and handful of tiny and tidy mom-n-pops that the neighborhood loves. In fact – the impact of the PCC flagship store relocating to Columbia City was, and still is, really big news. Many fear that the store's relocation will be detrimental to the quality of life of the residents and businesses. As an anchor in the community – there was no question that the move would impact walkability and vibrancy. The cry for an equal or better future tenant has since been answered, however, as Third Place Books prepares to move in. It will likely be a change of pace for the area – but most are happy with the exchange. 

Seward Park is a magical neighborhood with many great memories and friends. I miss several of the south end hot spots – but the local gems listed below have a special place in my memory and can’t be forgotten. I know the future Green Canopy Homeowners will have lasting memories here and will fall in love with the neighborhood (if they haven’t already done so). No matter what Walkscore says – the experience of Lake Washington living and the quality of the local amenities continue to shape the future and reflect the past of this lovely, vibrant community.

  • Café Vita: Best coffee and service and the only place to get Mighty-O doughnuts in the south end.

  • Flying Squirrel Pizza: Yes, please. All of the time. I love that they serve their wine in stem-free glasses – and stock Molly Moon ice cream for dessert.

  • Seward Park Audubon Center:  Birding not your thing? That's ok! They have something for everyone! Who else offers midnight owl prowls and toddler walks through the forest. Watch soon for the Tiny Trees All-Outdoor Preschool!

  • Lake Washington and Seward Park: Pure Magic

  • Bent Burgers: Shake and a burger with outdoor seating. Need we say more? 

  • Pritchard Beach: The fine line between Seward Park and Rainier Beach – but so worth it to explore this pocket park, trails and urban farm

  • Essential Birth & Family Center: There is a relatively high number of health and personal care offices in Seaward Park including chiropractors, acupuncturists, dentists and naturopaths. This center caters to new mothers and provides midwifery, pre and postpartum care, support and education to the south end’s diverse cultures. 

  • PCC: Sad to see you go, but looking forward to your successor!


The three homes that Green Canopy will be completing in July are named Baily, Rain and Dalis for their water-faring neighborhood. Baily, after the Baily Peninsula (the original name for Seward Park), Rain after, well we all know what that’s after, and Dalis – a Jewish name meaning “running water.” We are excited to be finishing up these hillside homes and bringing them to the market this summer. They are three, ultra-efficient homes with all of the green features and sustainable materials that we get to geek out on when marrying the built and natural environments.

Community Opportunity: How to Impact the Seattle Housing Market

"The current fight over how we should pay for affordable housing, and who will fund it, is beating on the wrong drum."

Social and environmental impact investing and businesses continue to capture the interest and imagination of the Pacific Northwest, part of a broader global trend. Local early adopters affiliated with Element 8Impact HUB SeattleSeattle ImpactMission Investors Exchange and other institutions and individuals have forged impact investment paths that many others now find themselves traveling. It’s exciting to see the local impact investing ecosystem and communities flourish. However, a market imbalance persists with more impact investor dollars available than the limited number of qualified investment opportunities can absorb. Fortunately we’re seeing signs that the supply of impact investment opportunities is starting to catch up with demand from impact investors.

Green Canopy is an example of an impact-investor funded company that has been fueled by local early adopters. The company operates in a commodity industry: designing and building single family homes. However, we have been fortunate to attract thoughtful, impact-motivated equity and debt investors, due in large part to our mission, vision and values focused on achieving long term positive environmental and social change while simultaneously pursuing solid financial results.

Since 2011 Green Canopy has acquired nearly 90 projects; steadily building a community of homeowners, real estate agents, employees, shareholders and fund members that share our passion to inspire resource efficiency in residential markets. Importantly, we pursue our mission while being uncompromising in achieving key sustainability metrics, paying our employees a fair wage, selling our homes at fair market prices and generating long term shareholder value. Green Canopy has an opportunity to demonstrate it is not only possible, but highly rewarding for all involved to create and operate under a business model predicated on shared, blended value creation.

Similar opportunities are emerging across a wide spectrum of investment strategies that seek to satisfy growing consumer and investment demand for highly impactful market-driven solutions. As Seattle continues to attract tens of thousands of employees each year to fill quality jobs at companies like Amazon, Nordstom and Microsoft, our entire region feels the benefits. And yet, we are all faced with the unintended consequences of the additional infrastructure needed to support increased demand for critical services, including affordable workforce housing. The current fight between the City and the Coalition for Sustainable Jobs and Housing over how we should pay for affordable housing, and who will fund it, is beating on the wrong drum. Neither side seems to be asking the right questions or putting forth a broadly acceptable or effective solution for quickly increasing the supply of affordable workforce housing. 

One example of an alternative solution is Bellwether Housing’s recently launched Seattle Futures Fund. Bellwether has successfully developed and managed affordable workforce housing in Central Seattle for 35 years. However, as affordable housing has become an increasingly rare commodity in the communities Bellwether serves, the organization has had to innovate how its projects are financed; necessity = the mother of innovation. Through the Seattle Futures Fund, Bellwether believes it will more rapidly scale the number of units available to house social workers, teachers, baristas, police officers, firefighters, government workers, data center workers and others that serve our communities. A potentially wonderful, local example that attracts private capital as part of the solution to develop housing that is affordable and accessible to our urban working families.

As a community, we must collaboratively develop innovative, smart, market-driven solutions to problems that impact a wide range of constituents. Hopefully, a greater supply of viable impact investment opportunities for investors to assess, like Bellwether’s Seattle Futures Fund, will be forthcoming in the near-term. In the meantime, we would encourage investors and entrepreneurs alike to continue viewing our social and environmental problems through the lens of impact opportunity.


Contributed by Kyle Mylius, Board of Directors for Green Canopy, Inc. & Aaron Fairchild, CEO of Green Canopy, Inc.

Mission, Vision, Values: Part 2

Contributed by Sam Lai

"It was great sitting next to you in English.  Stay cool over the summer and don't ever change!  xoxoxo"  

Every year, there is a common concern that is voiced by our team members when begin our Mission, Vision, Values review process. If we love our company culture...why would we ever consider changing our values. They are, after all, at the core of how we treat each other.  

"I love working at Green Canopy and I hope we never change!"  

However, when I consider what it means to grow-up, I'm reminded of how thankful my wife is that I've changed since she met me. Angie and I were barely past puberty when we met at the University of Washington. At that time, one of my greatest talents was a smile and my signature wink.  Seriously. The wink was the single greatest strength in my arsenal of babe-wooing skills.  For some reason, the wink doesn't do much for Angie now when I come home to our family of 5. Fortunately, I've grown up just a little bit I've added dish washing to my tool belt. We haven't lost that loving feeling, but we've certainly grown up.  

As for Green Canopy, we've grown up as a company too. We will remain focused on our mission to inspire resource efficiency. And many core values remain the same such as "authentic communication" and being "solutions focused." But how have we grown and changed? Below are some of the ways that are values are evolving at Green Canopy. In our MVV: Part 3 we will look at our final list of Values as well as how we have incorporated our shared values into our employee review process.

What's Changing?

1. "If it ain't broken, break it!"  
We started our company with a commitment to Innovation - While most builders exist only to make profit. Green Canopy exists to fulfill our mission...our profit allows us to continue our mission work.  
We started using the EPS score developed in Portland to baseline our projects' annual modeled energy consumption before most people ever heard of an energy audit. Oops.  I forgot, most people still don't know what it is!  Innovation is already at the core of who we are and we won't forget it. Today we have shifted our focus away from innovation toward "Professional Mastery."  The focus on systems and processes we've developed and continue to improve will allow us to build many more inspirational homes efficiently in multiple market areas...sounds innovative right?  

2. "Live-Work-Balance" 
In the past, this mantra was used to describe how we value each other beyond work.  However, the words seemed to set our personal life at odds against our work. Most of us see our personal purpose lived out in the work that we get to do here at Green Canopy. The new verbiage will sound more like "Fostering Community at Work."  

3. "Autonomy" 
This value came from Daniel Pink and his exploration of Autonomy, Mastery & Purpose being a prime motivation for individuals to excel in their work. You can watch the TED talk here.

Autonomy is at the core of the most driven teams, and since this cultural orientation is pretty well set at Green Canopy – we are shifting our attention to the next level, Accountability! This takes into account how our individual work connects to the greater team.

In the grand scheme, an outsider will not notice too much of a change in the way we treat each other here at Green Canopy. Many of the atypical values you'd never expect to see at a construction company will remain intact. We will continue to stay lighthearted and have fun. We will continue to talk about our feelings. And good god yes, we value vulnerability!  At the core of it, these values help us to communicate well, excel and to learn and grow quickly.  We know we have a mission to accomplish and we have to grow past our comfort zone to do it.  

Some days, I still wish that a simple wink is enough to be the hero. But my family is certainly better off with the fact that I've learned how to wash the dishes really, really, really well.

Mission, Vision, Values: Part 1

Contributed by: Krystal Meiners, Director of Marketing

I recently read an article from FastCo entitled “Why Are Construction Workers the Happiest Employees?”It was such a catchy headline – 1. Because I truly feel that I work with some of the happiest, most positive people at Green Canopy and 2. Because the article was literally published hours after our annual Mission-Vision-Values (MVV) workshop.

The article goes on to explain many of the reasons that construction employees are particularly happy in their jobs – the number one reason is that they feel supported by their team. The article couldn’t be more right. And our recent workshop revealed much of the same.

This workshop is one of my highlights of the year - it is always an experience that gets our team teary-eyed about the culture that we share and the support that we have for one another (OK, maybe I’m the only one that got teary-eyed BUT I know people were excited to share and inspired to continue building a great company). It is also a time where we define or vision and goals for the year.

While some would cringe at this type of corporate, stick-in-the-mud, trust fall, team building event – we have yet to have that experience during MVV. Probably because it is less of a team-building event and more of a realignment of the company - a chance for everyone to speak to the values that we foster as a team.

Each year we discuss and develop a set of values that enable us to work better, smarter and with more impact as we grow and change as an organization. It’s like group counseling for a group that already works well together. Our “counselor” is Neil; a lithe corporate culture connoisseur with a big brain and a dirty mouth. He leads our process and lends great perspective. He keeps us from getting hung up, and keeps the mic moving (further and further away from our CEO). Got to hand it to Neal – he knows what he is doing – and keeps people talking during a variety of group breakouts, Q&A and team sharing.

In part 2 and 3 of this blog series, we will explore the Core Values, Aspirational Values and work mantras that were developed by the team and that are currently being synthesized into a consumable format.

For now – I was hoping to share the thoughts of some of our team members on the process and what they got out of the shared experience. For many – it was their first MVV, which is particularly impactful to us as a company. Their first impressions and insight into the framework that keeps our corporate culture from stagnating is quick to reveal whether our values are perceived as lip service or not.

Here is what some of our team members had to say:

  • Dean Gorby; Project Manager and MVV Virgin:

  • I felt humbled after the workshop Friday, so many talented people devoted to such a worthy cause – the fact that the leadership put so much effort into sharing their vison with us and allow us to become part of it through participation, only makes me more committed to contribute to the success of GCH. I hope I can be a part of its future.

  • Canuche Terranella; COO & MVV Veteran:

  • I love hearing the perspective of the guys I don’t work with every day. I love hearing about what Accountability means to Oscar, what Autonomy means to Larry, what happens when you take an idea from sales and you interpret it from the perspective of the site super.  It’s a great moment of sharing perspectives and re-calibration to what we’re working on.

  • Eric Thomassian; Project Engineer and MVV Virgin:

  • I think it’s an important workshop to have because we have so many people from different backgrounds who have different values and reasons for being here at Green Canopy. As a mission driven company, it’s important for me to have the opportunity to lay out our values and mission for the coming year. It aligns and connects us together as one company towards similar goals. We know better what we can expect from each other and what we to be held accountable for as a Green Canopy employee.

  • Ami Nieto; Office Manager, Portland Lead and MVV Veteran:

  • The annual MVV retreat is a fulfilling and motivating experience for me as an employee at Green Canopy. For me, this year’s retreat was a reflection of the recent changes within the Company and a reminder to focus on the importance of our core values. I would appreciate an all-day retreat so that we would have time to talk more about our vision and mission. There is so much more we could talk about as a group that would provide value to the culture we experience each day at Green Canopy.  It would also enable us to synthesize the values as a team and come up with the “new name” for those values that are being changed. It feels like we are losing a bit of the group voice by having the Leadership Team take it to another room/place/time to decide on those values among themselves.

Every year, our CEO has shown the same video during our Mission Vision Values retreat. The video depicts a funny, groovy dancer in a field doing his own thing. Soon he has a crowd around him and everybody is having a good time dancing and grooving and loving the music. For the last few years – Green Canopy has managed to attract a number of talented individuals who are excited to join in the dance and enjoy the music. This year – Aaron challenged us. He stopped the music and said “Dancing together in a field is fun but what if this were a flash mob?”

He challenged us all to hone in, focus and master what we do at the company so that when we all dance together it is choreographed and succinct- intentional yet impactful. At the core, we are all dedicated and passionate people – but becoming masters of our work, masters of our budgets, and masters of this business is what is going to take us from passion to profits – from dancing in a field alone, together – to dancing together in support of one another.

Sure the article mentions that construction workers are happy because the industry is on the rise which leads to job security, etc. but that can be said about a lot of industries. The reason why Green Canopy employees are so happy – is because we are a team – with shared values that allow us to dance together.