DC Green Bank, a Washington, D.C.-based program that promotes sustainable infrastructure, has launched a loan program that supports energy-saving work within the District.
The new program, Navigator, provides pre-development loans for community-based nonprofit organization buildings, commercial buildings, and multifamily or mixed-use properties with five or more residential units. The loans cover sustainable energy-saving projects such as bidding work, design, energy audits and benchmarking, engineering environmental-based planning meetings and other design costs.
“Through our engagement with District residents, contractors, developers, property owners, engineers and beyond, we have identified pre-development loans as a crucial missing piece in the city’s clean energy puzzle,” DC Green Bank CEO Eli Hopson said via a statement.