Intent
The built environment has a significant direct and indirect socio-economic impact, for example on social well-being, quality of life, and the prosperity of local communities and individuals. Assessing the socio-economic impact helps to minimize the potential negative impact of development projects and can create more livable, prosperous and sustainable communities.
Requirements
Select yes or no. If yes, select all applicable sub-options.
Does the entity assess the potential socio-economic impact of its development projects on the community as part of planning and pre-construction?
- Yes
- Select the areas of impact that are assessed (multiple answers possible)
- Housing Affordability
- Impact on crime levels
- Livability score
- Local income generated
- Local job creation
- Local residents' well-being
- Walkability score
- Other: ____________
- Select the areas of impact that are assessed (multiple answers possible)
- No
Validation
Other: State the other area of impact assessed. It is possible to report multiple other answers.
See Appendix 2a for additional information about GRESB Validation.
Scoring
2 points, S
Scoring is based on the number of selected options. It is not necessary to select all options to achieve the maximum score.
Other: The 'Other' answer is manually validated and points are contingent on the validation decision.
See the Scoring Document for additional information on scoring.
Terminology
Housing affordability: Affordable housing refers to housing units that are affordable by the low-income section of society (for example, whose income is below the median household income).
Impact on crime levels: The impact of the use of the asset and related facilities on crime levels, e.g. inadequate lighting or security may lead to increased crime levels, including vandalism, theft, etc.
Livability score: A score designed to measure the standard of living, typically within a city.
Local income generated: Contributing to local economic benefits, and creating business diversity and opportunities for economic development and innovation. For example, providing tax revenues.
Local job creation: Contributing to local employment creation so as to ensure all members of the labor force can participate in, and contribute to, future economic growth.
Local residents’ well-being: Includes health and safety of local residents that may be impacted by the asset’s operation. For example, noise pollution issues.
Walkability score: A score designed to measure the walkability of a given address to community amenities.
References
Green Star, Communities PILOT Version 0.1
Mercer Quality of Life Index
AARP Livability Index
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