DC Green Bank and Lincoln-Westmoreland Housing announced $3.1 million in financing to deliver an all-electric new building that will create 100 permanently affordable homes in Ward 5. DC Green Bank’s loan will support the installation of an energy-efficient HVAC system, as well as Energy Star appliances, energy-efficient lighting, windows, and plumbing, which will reduce energy use by an estimated 50%. The building is designed to achieve Enterprise Green Communities Certification Plus, one of the highest standards for green affordable housing. The new development supports Mayor Bowser’s affordable housing goals and adds new homes to a rapidly growing neighborhood.
This is the fifth project to be funded as part of the Building Energy Performance Standards (BEPS) revolving loan fund, a partnership between DC Green Bank and the District’s Department of Energy and Environment. The BEPS fund provides below-market financing for energy efficiency measures and green building improvements for affordable housing properties to help them achieve higher levels of sustainability and meet the District’s energy efficiency standards. DC’s BEPS Program is part of the Sustainable DC plan, which aims to reduce greenhouse gas emissions and energy consumption by 50% by 2032. Additional financing for this project is being provided by the Department of Housing and Community Development, District of Columbia Housing Authority, and the Housing Production Trust Fund.
“By redeveloping a vacant lot into 100 affordable homes, this community-led project will bring affordability and sustainability to a thriving neighborhood,” said Trisha Miller, CEO of DC Green Bank. “Through our partnership with the Department of Energy and Environment, we have helped build or preserve over 500 affordable homes and meet some of the highest building performance standards. This program shows the power of green finance to lower energy costs and create healthy homes for DC residents.”
“This new building will not only advance our mission of serving those in need by creating affordable housing but also serve the community as a whole by helping the District meet its sustainability goals,” said David Jacobs, President of the Board at Lincoln-Westmoreland Housing. “We’re grateful to DC Green Bank for working with us and providing the financing needed to help this building reach higher levels of sustainability.”
The 2911 Rhode Island Avenue NE Development is expected to be completed by October 2026.
DCGB LWH 2911 Rhode Island Press Release 1.29.25