DC Green Bank and Medici Road today announced the closing of a $250,000 pre-development loan to finance the design and planning stages for an energy efficient and sustainable building in Ward 7 in Northeast Washington, D.C. Located on a currently vacant lot, Medici Road estimates that the building will be 17,000 square feet and include 13 affordable condominium units, space for their corporate headquarters, as well as a grocery store, increasing access to nutrition in Ward 7 where there are currently only two grocery stores. The building’s current design also includes rooftop solar panels and a stormwater recycling system. These elements are projected to retain 9,000 gallons of stormwater per storm event and save $2,400 in electricity costs per resident over the next 10 years as well as reduce onsite soil erosion and local pollution by 2 – 5%. The current design is also anticipated to create 65 jobs in the local community – 55 jobs during the construction phase and an additional 10 permanent jobs to run the grocery store and office space. Medici Road has committed to hiring local Deanwood residents for these positions.

“We could not have asked for a more perfect illustration of our values in a single project, and we are excited to work with Medici Road to move it forward,” said DC Green Bank CEO Eli Hopson. “Communities know best what they need, and by funding projects that support affordable housing, access to nutrition, local job creation, and a clean and resilient community we can demonstrate the future we all want to build.”

Thomas Houston, Executive Director and Chairman of the Board of Medici Road, said of the partnership, “We are excited to be working with DC Green Bank to pursue our shared values. This project can demonstrate that we don’t have to wait for anyone to lift up our communities. We are the ones that can deliver inclusive investment that addresses the drivers and impacts of racism and poverty and creates a sustainable model for others to follow.”

Download and Read the Full Press Release Here

 

DCGB-Press-Release-Medici-Road-09.20.2021
  • September 28, 2021
  • 1:00 - 6:00 pm Eastern
  • Hybrid Event
  • Registration Closed
    The event will be a hybrid event, with live participation as well as virtual participation.

    The DC Public Service Commission (PSC) is hosting the District of Columbia’s Clean Energy Summit to discuss how utility regulators and industry experts can advance progress toward national and local clean energy goals.

    There will be multiple panels and keynotes featuring federal, state, local, and industry leaders who will come together to answer questions and open a discussion as to how we chart a path to a clean energy future.

    DC Green Bank Director of Operations Donald Walker will participate in a panel from 3:00 – 4:00 pm entitled, “To 2032 and Beyond! How will D.C. Reach Its Ambitious Clean Energy Goals.”

    Introduction By:

    Hon. Emile Thompson, Commissioner, DCPSC

     

    Moderator:

    Tommy Wells, Director, D.C. Department of Energy & Environment

     

    Panelists:

    Donald Walker, Director of Operations, D.C. Green Bank

    Mike Healy, CEO, New Columbia Solar

    Gilbert Campbell, Co-founder & CEO, Volt Energy

    Ted Trabue, Managing Director, DC Sustainable Energy Utility

    Kishia Powell, COO, D.C. Water

     

    Panel Discussion Overview:

    D.C. has aggressive clean energy and emission goals that focus on the installation of renewable and distributed energy resources in the District itself. There are several lucrative incentives driving clean energy adoption in the city including the RPS and Solar for All programs. Despite these incentives, there are hurdles today to clean energy expansion and the hurdles tomorrow might be even more daunting. This panel will feature leaders and practitioners in the District who work on these issues every day. They will discuss the last mile issues with clean energy in the District and moving towards our aggressive goals.

     

    Watch the Full Summit Here

     

    Excerpt of Panel Discussion Remarks from Donald Walker

    DC Public Service Commission Clean Energy Summit
  • September 27, 2021
  • 12:00 - 1:00 pm EST
  • Zoom
  • Registration Closed
    All participants must register to attend.

    DC Green Finance Authority (“DC Green Bank”) will conduct a Regular Meeting of the Board of Directors, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)).

    Pre-registration is required.

    The meeting notice for the September 27 regular meeting of the DC Green Bank Board of Directors has been updated since the most recent publication of the DC Register. For the latest meeting notice, please click the button below.

    Read Latest Board Meeting Notice

    Regular Meeting of the DC Green Bank Board of Directors

    September 27 2021
  • September 8, 2021
  • National Harbor, MD
  • Registration Closed

    On September 8 and 9, the Roosevelt Strategic Council hosted a summit for senior level staff, designed to provide an interchange of knowledge and serve as a catalyst for collaboration across federal, state and private sector institutional, and commercial facility and campus energy stakeholders. The Summit focused on both emerging business models and technical capabilities to support increased energy efficiencies, sustainability, reliability, and resiliency for the public and private sector built environment.

    DC Green Bank General Counsel Sandy Paik participated in a panel discussion during the summit, entitled “Building Agility Into Your Energy Plan.” The panel discussed lessons learned during the COVID-19 pandemic for energy efficiency and resiliency and how to ensure that strategic and operational plans account for changing energy demands and usage patterns.

     

     

    Read More About the Summit Here

    By Keith Loria, Commercial Observer

    DC Green Bank has closed on a $650,000 loan facility to finance the construction of a five-project portfolio of environmentally friendly infrastructure to better manage and clean stormwater runoff in Wards 5, 7, and 8 in Washington, D.C.

    The loan will enable Green Compass, a sustainable development company, to design, build, and operate five stormwater management and green infrastructure projects over the next year and a half.

    The 10,000 square feet of infrastructure will mainly involve de-paving surfaces and replacing with spaces that manage stormwater, reduce runoff and pollution, and improve local air and water quality. The projects are projected to divert up to 250,000 gallons of stormwater runoff that would otherwise enter the sewer system every storm.

    “DC Green Bank is excited to partner with Green Compass for our first investment in green infrastructure and stormwater management,” Eli Hopson, DC Green Bank’s CEO, said in a release. “These projects will deliver tangible benefits for the health and wellbeing of the citizens of D.C., as well as for our environment.”

    Read the Full Article Here

     

    DC Green Bank and Green Compass today announced the closing of an innovative revolving loan facility to finance the construction of a portfolio of new green infrastructure projects to better manage and clean stormwater runoff in Wards 5, 7, and 8 in Washington, D.C. The $650,000 loan facility will allow for Green Compass to design, build, and operate an estimated five new stormwater management and green infrastructure projects over the next 18 months. Combined, Green Compass will be constructing approximately 10,000 square feet of new green infrastructure, mainly through de-paving surfaces and replacing it with green spaces that manage stormwater, reduce runoff and pollution, and improve local air and water quality. The new projects aim to divert up to 250,000 gallons of stormwater runoff that would otherwise enter the sewer system every storm. When rainwater enters the sewer system, it becomes a costly waste product that flows directly into the Anacostia River, Rock Creek, and the Potomac River without treatment. In addition to providing cleaner water, cleaner air, and increasing resilience to flooding for communities in the District, these projects will also support the clean economy by delivering dozens of green jobs, including in construction, landscaping, groundskeeping, urban forestry, and engineering.

     

    Download and Read the Full Press Release Here

     

    DCGB-Press-Release-Green-Compass-9.8.21
  • July 15, 2021
  • July 15 - August 23
  • Virtual
  • Submit Design
    All submitted designs will become property of DC Green Finance Authority/DC Green Bank and will be used for promotional purposes and other business purposes.

    DC Green Bank Swag Design Competition

    DC Green Bank is excited to announce a new design contest! We want to roll out a new line of swag and promotional materials, including a new DCGB t-shirt and hooded sweatshirt, and we’re calling on all DC artists to submit designs. The contest is open to all residents of DC and we welcome a wide variety of styles and ideas.

    Guidelines

    You are welcomed (and encouraged) to take the design and your artwork in creative directions. The only rule is that all designs must include the DC Green Bank logo in an unaltered fashion. You can find multiple versions of our logo here (onetwo, and three) for use in your design. Aside from that, be creative and design something that speaks to you! For inspiration for the design, feel free to review our website at www.dcgreenbank.com to learn more about what we do and how we are working to transform the city. You can submit as many designs as you want; however, remember that the primary purpose of the design is to be placed on the front or back of a new DC Green Bank t-shirt or hooded sweatshirt (although the winning design(s) may also be used on other promotional materials).

    We know your time is valuable, and we are not expecting a perfectly flawless final product. If you are selected as our winner, we are open to compensating you for additional time to complete your design before we begin production of the new swag and promotional materials.

    So What’s In It For You?

    Everyone who submits a design will receive free DC Green Bank swag featuring the winning design(s). Additionally, all designs submitted will be featured on our social media pages, with the artist tagged, to help support their work.

    The winning design(s) will be used on our swag and promotional materials, and the artists submitting the top three designs will receive a cash award!

    1st place: $500
    2nd place: $250
    3rd place: $100

    How to Enter

    When you have completed your design, submit it through this form. Please save and upload your file as a .jpeg, .png, or other image file format. Please note the maximum file size is 50MB. You must submit a new form for each new design.

    In order to be eligible to win, you must be following DC Green Bank on Instagram and Twitter. So, be sure to do that by the time you enter your submission! We are @DCGreenBank on both Instagram and Twitter.

    If you have any questions, please email us at info@dcgreenbank.com.

    How the Winners Will Be Selected

    Once DC Green Bank reviews the submissions, we will open up voting on our social media accounts to let our followers vote on the winning designs. Make sure you reach out to friends and supporters to have them follow us on social media so they can vote for your design!

    Design submissions will be accepted from July 15, 2021 through August 23, 2021.

    Disclaimer

    By entering this contest, you agree and acknowledge that DC Green Bank/DC Green Finance Authority owns all designs submitted through this contest and designs can be used for promotional materials and other business purposes.

     

  • August 4, 2021
  • 12:00 - 1:00 pm EST
  • Zoom
  • Registration Closed
    All participants must register prior to the meeting.

    DC Green Finance Authority (“DC Green Bank”) will conduct a Regular Meeting of the Board of Directors, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)).

    Pre-registration is required.

    Regular Meeting of the DC Green Bank Board of Directors

    August 4 2021

    By Demetrius Dillard, Special to the AFRO

    Two Washington, D.C.-based organizations have announced their contribution in facilitating a green economy as the city transitions to running completely on renewable energy while creating a sustainable environment for its residents.

    On May 17, DC Green Bank and Flywheel Development announced the closing of a $3.2 million partnership to finance the installation of solar panels at six condominium communities in Southeast Washington.

    The Fairfax Village community will host most of the solar installations, in addition to other low-to-moderate income individuals residing in Wards 7 and 8. This solar energy initiative will not only reduce a considerable financial burden, but will also create job opportunities for residents of Southeast Washington, said DC Green Bank CEO Eli Hopson.

    Read the Full Article Here

     

    DC Green Bank invites private Financial Advisor vendors to propose comprehensive, outsourced services as the organization grows. This Request for Proposal (RFP) solicits a resource to serve as DCGB’s primary outsourced comprehensive advisor to assist its management team in designing a strategy for allocation, deployment, and sourcing of capital.

    All proposals must be submitted to DCGB by 10:00am on July 2, 2021.

    If you have any questions about the RFP process, please email DC Green Bank’s Chief Investment Officer, Jay Lurie, at jlurie@dcgreenbank.com.

    The RFP was updated on June 22 to remove the processing fee requirement.

    Public Questions Received about RFP

    Request for Proposal (RFP) Timeline

    • June 17, 2021
      RFP will be made available
    • June 24, 2021
      Bidder Questions Deadline
    • June 28, 2021
      DCGB response to questions
    • July 2, 2021
      All Proposals must be submitted to DCGB by 10:00am EST
    • July 16, 2021
      Selection of the preferred candidate will be made and negotiation of terms of engagement undertaken. Other short-listed firms will be notified in due course.
    • July 26, 2021
      Services commence
  • June 17, 2021
  • 12:00 - 1:30 pm
  • Zoom
  • Registration Closed
    Public must register to attend.

    DC Green Bank will conduct an Annual Public Hearing on Thursday June 17, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)).

    The purpose of the Annual Public Hearing is to discuss and evaluate the performance of DC Green Bank, look ahead to the future of our work, and to highlight the exciting work of some of our partners. During the session, we are pleased to be joined for a roundtable discussion by our colleagues at Capital Impact Partners to talk about their work as a Community Development Financial Institution and to showcase their Equitable Development Initiative (EDI). EDI was designed to “combine our local knowledge, partnerships, and key strengths – including program design and project financing – to support minority developers to grow their careers and support communities.”

    Click the “Register Here” button above to register to make a public comment and/or to listen in!

    If you would like to provide written public comment for the hearing, please email us at info@dcgreenbank.com.

    2021 DC Green Bank Annual Public Hearing

    Including a Roundtable Discussion about equitable development with Kayla Baker from Capital Impact Partners and Thomas Houston from Medici Road
  • June 3, 2021
  • 10:00 - 11:00 am
  • Zoom
  • Registration Closed
    All participants must register prior to the meeting.

    DC Green Finance Authority (“DC Green Bank”) will conduct a regular meeting of the Board of Directors, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)).

    Pre-registration is required.

    Regular Meeting of the DC Green Bank Board of Directors

    June 3 2021