Author: Daniel Lebiednik

DC Green Bank is proud to welcome two new board members, Monica Warren-Jones and Anthony Washington. These two new board members will fill important roles on the DCGB board through their experience in affordable housing and community development. Read the full bios of these new members on the Our Team page.

“I am delighted to welcome Ms. Warren-Jones and Mr. Washington as our newest board members, and to leverage their combined expertise in affordable housing finance to help guide the continued growth of DC Green Bank. Their leadership will be invaluable in support of our mission of building a more equitable, resilient, and sustainable DC.”
DC Green Bank Board Chair Brandi Colander

“We’re honored to have Ms. Warren-Jones and Mr. Washington join our board and are excited to draw on their knowledge and experience to guide the DC Green Bank as we accelerate our climate and community impact across the District. Our team looks forward to working closely with them to build on our successes and prioritize green affordable housing for all.”
DC Green Bank Trisha Miller

“I am excited to join the DC Green Bank board and contribute to an institution that is advancing sustainability and investing in affordable housing in the District. I look forward to working with the impressive staff to help the organization support DC’s ambitious climate, energy, and equity goals.”
DC Green Bank Board Member Monica Warren-Jones

“It is an honor to be joining the DC Green Bank board and work with a team that has already done so much to build the clean economy here in the District. I am excited to bring my experience to bear to help unlock much-needed investment in sustainability, deliver good green jobs, and advance inclusive prosperity for all Washingtonians.”
DC Green Bank Board Member Anthony Washington

DC Green Bank is proud to announce the closing of $3 million in financing to improve the energy efficiency of a new building in the Barry Farm redevelopment in Ward 8. The new building, The Edmonson, will be all-electric and seek Passive House certification, one of the highest standards for green buildings, and will deliver 139 new permanently affordable sustainable housing units.

The project is financed through a unique collaboration by the Deputy Mayor for Planning and Economic Development, DC Green Bank, JPMorgan Chase, DC Housing Finance Agency, and the Public Service Commission of the District of Columbia, and co-developed by Preservation of Affordable Housing and the District of Columbia Housing Authority.

DC Green Bank’s financing will support the installation of a geothermal heat pump – a highly efficient heating and cooling system that will cut utility costs and increase climate resiliency for the community by reducing reliance on the electric grid. The geothermal system also has the potential to serve future construction projects in the redevelopment of the community, benefiting future residents. The building will also include a rooftop solar system and several innovative green features, such as energy recovery ventilation and solar shading.

“This historic investment in a community that has been too often left behind is not only delivering affordable housing, but also putting the residents of Barry Farm at the forefront of a clean energy future,” said Trisha Miller, CEO of DC Green Bank. “DC Green Bank is proud to be a partner in the redevelopment of Barry Farm and to invest in green affordable housing for residents of Ward 8.”

Originally established after the Civil War as the first African American homeownership community in Washington, D.C. for newly freed slaves, Barry Farm is a historic neighborhood in Southeast DC. With input from residents, the Ward 8 neighborhood is in the process of being redeveloped to replace dilapidated public housing with a revitalized mixed-income and mixed-use community as part of the District’s New Communities Initiative.

(Washington, D.C.) – The DC PACE Program and Peachtree Group are proud to announce the closing of $3.5 million in financing to improve the sustainability and energy efficiency of a new five-story mixed-use building in Ward 5. This project will include solar panels, insulation, LED lighting, and energy-efficient water fixtures and elevators. These measures will result in estimated annual reduction in electricity usage of 134,279 kWh and annual water reduction of 326,050 gallons, saving more than $2 million over the expected life of the equipment. The completed building at 1717 Hamlin St. NE will deliver 26 homes and 1,500 square feet of retail space. The new building is anticipated to create up to 18 permanent jobs.

“This project shows the best of what the DC PACE Program has to offer: clean and sustainable development, access to capital for a small business owner, and investment in a historically underserved community,” said Ronald Hobson, DC PACE Program Director. “We are proud to continue this valuable partnership with Peachtree Group to provide flexible financing that supports developers of all sizes while helping to achieve our sustainability goals.”

With this project, Peachtree Group, formerly known as Stonehill PACE, has now successfully invested more than $20 million in projects in the District through the DC PACE Program. These four projects are estimated to reduce energy use by more than 4.2 million kWh annually – the equivalent of more than 570 homes.

“We are excited to partner again with the DC PACE Program and proud to have invested more than $20 million in the District with commercial PACE to date,” said Jared Schlosser, EVP and head of CPACE at Peachtree Group. “Commercial PACE enables the refinancing of completed and ongoing construction projects. In today’s market, this translates to fresh capital infusion to manage ongoing expenses and debt service, which helps owners meet their obligations.”

“The DC PACE Program and Peachtree Group empowered us as a resident-owned Certified Business Enterprise to invest in making this new building energy efficient and bringing much-needed housing to Ward 5,” said Mel Negussie, owner of NT Group, the developer of the property. “This project exemplifies the tangible impact of DC PACE in driving sustainable growth and economic prosperity in the District.”

1717 Hamlin St. NE is expected to be completed by summer 2025.

Full press release