SAN FRANCISCO--(BUSINESS WIRE)--Mosser Companies, an African American and woman-owned family real estate business with more than 100 commercial and ground floor retail spaces and 4,000 multifamily units, today announced a widespread sustainability effort aimed at reducing energy consumption and delivering cost-savings to the residents of its rental housing units throughout San Francisco, Oakland, and Los Angeles. This sustainability effort is a continuation of Mosser’s commitment to revitalize buildings and improve the quality of available workforce housing in underserved communities.
The initiative to reduce waste and energy consumption includes installing eco-friendly low-flow toilets and shower heads, sink aerators, energy-star appliances, and LED lighting in its apartments and common areas. In addition, the company is installing solar power at certain properties and evaluating the feasibility of expanding sustainable energy to other Mosser buildings. This proactive conservation investment from Mosser has the potential to reduce the consumption of water by approximately 20 million gallons of water per year, cut energy consumption and reduce costs for Mosser residents.
“For every retrofit we perform with ultra-low-flow toilets and low flow fixtures, Mosser can help residents reduce water usage by a third. With thousands of households, and thousands of showers per day, the number of gallons of water saved adds up to a significant result every single day—and that is only one sustainability measure. Add more water management and energy usage reductions and the impact is huge,” said Neveo Mosser, CEO of Mosser Companies.
In addition, Mosser was an early adopter and installed composting and recycling facilities at all of its properties. This amounts to roughly 325,000 gallons of recycling and 32,000 gallons of composting each month that is diverted from landfill, about 50 percent of what once went straight into landfill.
The company has also achieved significant waste reduction success through its construction practices, with limited use of demolition in its unit renovation programs, which also reduces the costs of these capital improvements. “Not only is it important we do the right thing to achieve a positive environmental impact, but our residents who range from lower- to middle-income workers, deserve a partner with both a sustainability and cost-management lens, doing whatever we can to keep costs low—especially as our natural resource providers who deliver gas, electricity and water continue to increase prices. Our strategy must remain focused on finding ways to reduce our consumption and we’re committed to investing in sustainability and making this as easy as possible for residents. Through these efforts we preserve and improve the quality of workforce housing opportunities available to all lower- and middle-income renters in California who choose Mosser. This aligns with our overall mission and goals,” Mosser added.
About Mosser Companies
Mosser has over 65 years of history as a leading investor, acquirer, and operator of value-add workforce housing in gateway markets of California. Since the company’s founding in 1955, Mosser has become a highly sophisticated leader in urban workforce housing specializing in West Coast gateway markets. Mosser owns and operates more than 100 commercial and ground floor retail spaces and 4,000+ multifamily units, serving neighborhoods throughout the San Francisco Bay Area and Los Angeles.
Mosser provides hands-on, active, and engaged support for diverse and inclusive neighborhoods, a deep knowledge of the California multifamily real estate market, and values making a social impact providing housing improvements, supporting local business growth in neighborhoods that otherwise are under-improved and in disrepair, and making their urban communities a better place to live. Diversity, equity and inclusion are key to company operations, with more than 85 percent of its employees self-identifying as a minority.
