• June 26, 2024
  • 12:00 pm
  • Zoom
  • Registration Closed

    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)). Following the Open Session, the Board will meet in a Closed Session to review, consider and discuss proprietary, competitively sensitive and/or confidential business information in connection with particular contract negotiations and investments, personnel matters, and, to the extent necessary or advisable, to consult with counsel in connection with same.

    Pre-registration is required.

    Regular Meeting of the DC Green Bank Board of Directors

    June 26, 2024

    *This RFP is now closed*

    Green Finance Authority, more commonly referred to as “DC Green Bank” or “DCGB,” invites information technology (IT) vendors to propose hardware, software, cybersecurity, help desk, and related policy and program development services to support DCGB’s mission and team. This Request for Proposals (RFP) solicits a resource to serve as the Bank’s primary outsourced IT and cybersecurity solution.

    DC Green Bank is an independent instrumentality of the District of Columbia created to increase the use of private funds for sustainable projects and programs by offering and promoting the use of loans, loan guarantees, credit enhancements, bonds, or other financing mechanisms for sustainable projects and programs. DC Green Bank’s mission is to provide access to capital, growing the clean economy to develop a more equitable, resilient, and sustainable DC.

    The submission period will be open from May 13, 2024 until June 3, 2024.

    • Electronic submission of responses (a “Proposal”) to this RFP is required.
    • Submit proposals via email to the following email address: info@dcgreenbank.com.
    • The subject line should be: “Proposal for Managed IT Services and Cybersecurity RFP”.
    • Proposals are due by 5:00 pm Eastern Time on June 3, 2024.
    • Company may resubmit a Proposal by the original deadline if information changes, or if the initial Proposal does not comprehensively address this RFP.
    • Any commonly used formats (e.g., Microsoft Word, PowerPoint, Excel, and Adobe PDF) in commercial submissions are welcome.

     

    Additional details can be found in the full RFP below, and the full RFP document can be downloaded by clicking “Download RFP” on the right-hand side of this page.

    May-2024-IT-and-CyberSecuritiy-RFP
  • April 24, 2024
  • 4:00 pm
  • Zoom
  • Registration Closed

    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)). Following the Open Session, the Board will meet in a Closed Session to review, consider and discuss proprietary, competitively sensitive and/or confidential business information in connection with particular contract negotiations and investments, personnel matters, and, to the extent necessary or advisable, to consult with counsel in connection with same.

    Pre-registration is required.

    Regular Meeting of the Board of Directors

    April 24, 2024

    DC Green Bank and partners delivered $3.3 million in financial support for the new construction of an affordable housing development in Ward 8 and energy efficiency and renewable energy upgrades for a building in Ward 7. In addition to a $3 million construction loan from DC Green Bank, a $300,000 grant has been awarded to the developer through Capital Impact Partners’ Housing Equity Accelerator Fellowship, which is funded by Amazon’s Housing Equity Fund. Once completed, the properties will create 8 new and preserve 4 existing affordable housing units in total.

    The property developer, Ayesha Hudson, is the Founder and CEO of A-Peace, LLC. For more than 20 years, Ayesha has been in the business of residential property ownership and management, with a focus on providing affordable housing for underserved communities.

    DC Green Bank and Ayesha were featured on a segment together done by NBC4 Washington to highlight Ayesha’s enduring commitment to community service and the power of green finance to transform communities.

    NBC4 Washington Segment

    In the Community

    Today, the US Environmental Protection Agency (EPA) is announcing its selections for $20 billion in grant awards under two competitions within the historic $27 billion Greenhouse Gas Reduction Fund. These dollars will transform communities across the country, and our team is ready to leverage these resources and put them to work right here in the District.

    Congratulations to the EPA team on their fantastic achievement.

                         

     

    “Today’s announcement is a major milestone on the road to investing in a cleaner and more prosperous future in every community across the country. The DC Green Bank congratulates the EPA on their monumental efforts to launch the Greenhouse Gas Reduction Fund. We are proud to join a national network of green banks and support the Coalition for Green Capital to advance inclusive prosperity and clean energy solutions in underserved communities. We applaud all of the awardees under the National Clean Investment Fund (NCIF) and the Clean Communities Investment Accelerator (CCIA), and by working together we will accelerate investment in climate mitigation, clean energy jobs, and DC communities.”

    DC Green Bank CEO, Trisha Miller

     

    “DC Green Bank’s ability to continue building resilient infrastructure, invest in local businesses and scale clean energy projects is fortified by today’s announcement. These critical strategic partnerships and resources will better prepare municipalities across our great nation to support generations to come. After a decade of collaboration, we applaud the work of this broad coalition demonstrating the power of green finance’s ability to transform our nation’s capital and America.”

    DC Green Bank Board Chair, Brandi Colander

    The Nicholas Institute for Energy, Environment, and Sustainability at Duke University recently delivered a series of case studies to illustrate past or ongoing projects that have used a variety of financial mechanisms to finance a nature-based solution. Each case study describes the context, the nature-based solution applied, the financial mechanism used, and ideas for how a green bank or community lender could support similar projects.

    One of the cases centered on DC’s Stormwater Retention Credit Trading Program, and DC Green Bank’s role is captured as our team seeks to support a more sustainable and resilient future for all Washingtonians.

    PROBLEM

    Impervious surfaces (e.g., roads, parking lots, and traditional roofs) cover over 40% of Washington, DC, and large rain events generate large amounts of stormwater runoff. High volumes of runoff carry pollutants (e.g., trash, oil and grease, and sediment) into local waterways, degrade aquatic habitats, and contribute to localized flooding.

    SOLUTION

    In 2013, the DC Department of Energy and Environment (DOEE) enacted the Stormwater Rule, which set a retention standard for stormwater management and established the Stormwater Retention Credit (SRC) trading program. District stormwater management regulations require most new development and major renovation projects to 1) install green infrastructure best management practices that retain stormwater runoff on-site and/or 2) purchase SRCs to meet all or part of their stormwater retention requirements offsite. SRC trading offers increased flexibility for compliance and increases overall stormwater retention by distributing green infrastructure over a larger area, a key factor enabling the Stormwater Rule. The SRC trading program provides regulated projects with flexibility in complying with stormwater management requirements and accelerates the restoration of District waterbodies by incentivizing private investment in green infrastructure construction in high-priority areas. SRC trading allows regulated developers to use SRCs to meet all or part of their stormwater retention requirements off-site. An SRC is a tradable unit, certified by DOEE, equivalent to one gallon of stormwater retention capacity for one year installed voluntarily or in excess of the retention requirement for a regulated site. High-Impact SRCs come from voluntary green infrastructure projects in areas of the District that are most likely to provide the most significant water quality benefits. As the SRC trading market has evolved, DOEE has adjusted SRC trading rules to maximize private investment in high-impact voluntary green infrastructure. The SRC market is now well-established, with several hundred SRC trades and growing SRC demand each year, and DOEE plans to refine SRC trading rules to require the use of High-Impact SRCs in most cases. This will help accelerate the restoration of District waterbodies by increasing demand for SRCs from voluntary projects built in regions of the District that are most likely to provide significant water quality benefits. In 2016, DOEE established the SRC Price Lock Program to “jump start” the SRC market supply and ensure that there would be an affordable supply of High-Impact SRCs. The SRC Price Lock program derisks investment in voluntary green infrastructure by offering purchase agreements that give SRC Aggregators (businesses that generate and sell SRCs) the option to sell SRCs on the SRC market or to DOEE at fixed guaranteed prices for 12 years. Participating SRC Aggregators retain the option to sell credits on the market and receive subsidy payments for market sales, helping to maintain competitive SRC prices.

    Click here to read the full case study or view below.

    dc-stormwater-retention-credit-trading-program_0
  • March 22, 2024
  • 12:00 pm
  • Zoom
  • Registration Closed

    DC Green Finance Authority (“DC Green Bank”) will conduct a Special Meeting of the Board of Directors, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)). Following the Open Session, the Board will meet in a Closed Session to review, consider and discuss proprietary, competitively sensitive and/or confidential business information in connection with particular contract negotiations and investments, personnel matters, and, to the extent necessary or advisable, to consult with counsel in connection with same.

    Special Meeting of the DC Green Bank Board of Directors

    March 22, 2024
  • February 21, 2024
  • 12:00 pm
  • Zoom
  • Registration Closed

    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)). Following the Open Session, the Board will meet in a Closed Session to review, consider and discuss proprietary, competitively sensitive and/or confidential business information in connection with particular contract negotiations and investments, personnel matters, and, to the extent necessary or advisable, to consult with counsel in connection with same.

    Pre-registration is required.

    Regular Meeting of the Board of Directors

    February 21, 2024

    (Washington, D.C.) – DC Green Bank and City First Enterprises (CFE) today announced the closing of a $320,000 construction-to-permanent loan to Copernican Energy, financing a 125-kW portfolio of approximately nine residential solar installations in underserved communities. Upon completion, these projects will deliver greenhouse gas reductions of approximately 2,040 metrics tons of CO2 equivalent over 20 years, as well as generate at least 50% energy bill savings for participating low-to-moderate income households. This loan is part of an ongoing small business loan partnership between DC Green Bank and City First Enterprises.

    “We are proud to support Copernican Energy as they bring clean energy solutions to communities across DC, lower utility bills for consumers, and help advance equitable solar access,” said Trisha Miller, Chief Executive Officer at DC Green Bank. “It is critical to our mission that we crowd in additional capital, and that is why we are pleased to partner with City First Enterprises. Partnerships like this demonstrate the power of green finance to transform communities and our clean energy future.”

    “This deal is a significant milestone for Copernican because this collaboration with DC Green Bank and City First Enterprises demonstrates how mission-driven lending creates an ecosystem for flexible and innovative financing that emerging developers need,” said Chris Turner, Partner at Copernican Energy. “As we continue to scale our business, having capital partners that fill the gaps is crucial to the feasibility of these projects.”

    “At City First Enterprises, green lending is one of our core investment areas because clean and renewable energy should be available to all District residents, regardless of their income or zip code,” said Oswaldo Acosta, President and CEO at City First Enterprises. “Our partnership with DC Green Bank to provide access to capital for Copernican and other small businesses is crucial for the development of a clean economy and to support the workforce of the future.”

    Click here to read the full release or view below.

    Copernican_CFE_DC-Green-Bank_Press-Release_01.18
  • January 24, 2024
  • 12:00 pm
  • Zoom
  • Registration Closed

    DC Green Finance Authority (“DC Green Bank”) will conduct a Special Meeting of the Board of Directors, pursuant to the Open Meetings Act, (DC Official Code §2-574(1)). Following the Open Session, the Board will meet in a Closed Session to review, consider and discuss proprietary, competitively sensitive and/or confidential business information in connection with particular contract negotiations and investments, personnel matters, and, to the extent necessary or advisable, to consult with counsel in connection with same.

    Special Meeting of the Board of Directors

    January 24, 2024

    (Washington, D.C.) – The DC PACE Program and Twain Community Partners III LLC are proud to announce the successful closing of $6.1 million in financing to deliver energy efficiency and renewable energy upgrades to transform an existing, underutilized office building into a 105-key boutique hotel. The Canal House of Georgetown will be part of Marriott’s Independent Tribute Portfolio, with Douglas Development Corporation spearheading this project as owner and developer. This deal propels the DC PACE Program past the monumental $100 million mark in PACE financing since its inception.

    The Canal House of Georgetown will feature a range of energy-efficient upgrades including new insulation, green roofing, building-wide electrical and plumbing improvements, LED lighting, and new HVAC systems. These upgrades will result in annual electricity savings of 116,119 kWh and annual water savings of 1,535,874 gallons. The carbon footprint reduction is equivalent to the energy use of 10.4 homes for a year. In addition to the environmental benefits, this project will support the clean economy by creating 325 construction jobs and 30 jobs within the hotel.

    “We are thrilled to partner with Twain Community Partners on this project, which marks a significant milestone in our journey to reach over $100 million in PACE financing,” said Ronald Hobson, DC PACE Program Manager, “Tourism plays a pivotal role in the District’s economic comeback. Exciting projects like this are another step towards the mayor’s transition to a clean and sustainable economy.”

    “DC PACE is a testament to the transformative power of sustainable financing in our nation’s capital,” said Trisha Miller, CEO of DC Green Bank. “I am grateful to DOEE and Urban Ingenuity for entrusting us with the stewardship of the DC PACE Program, and for enabling us to grow jobs and climate solutions for our community. We look forward to future expansion of the DC PACE program in support of Mayor Bowser’s economic development and climate action agenda.”

    The project is located at 1023 – 1027 31st Street NW, Washington DC 20007.  In addition to the environmental benefits, the project is estimated to save $3.8 million in electricity costs, $2 million in water costs, and nearly $1 million in HVAC costs over a 30-year period. The hotel will span 44,912 square feet across six stories and a basement. The Canal House of Georgetown will offer 105 contemporary luxury guest rooms, consisting of 55 king rooms, 16 queen rooms, 23 double queen rooms, and 11 spacious suites. Additional amenities will include a 24-hour fitness center, a coworking space that doubles as a social lounge in the evening, a high-end restaurant, and a rooftop lounge.

    “We are excited to partner with DC Green Bank on this project, which is a testament to the success of the DC PACE Program and its bright future for the District,” said Nick Theodore, Assistant Director of Transactions at Twain Financial Partners. “This project will not only reduce the city’s carbon footprint, but it will also create jobs and boost the local economy.”

    In May 2013, DOEE and Urban Ingenuity initiated a pilot Commercial PACE (C-PACE) project to demonstrate its viability. In August 2015, Mayor Muriel Bowser officially launched the DC PACE Program.  Since October 2021, DC Green Bank has administered the program, aiming to further its growth and support jobs and capital investment in DC.

    “DC PACE has grown through public private partnership from its initial kernel as a pioneering policy, to become a fully realized financial product that’s transforming the built environment of our Nation’s capital,” stated Bracken Hendricks, Co- Founder and Managing Partner of Urban Ingenuity. “As a small local business, we’ve been honored to support DOEE’s vision and leadership in designing and launching DC PACE. And today, DC Green Bank’s stewardship is bringing DC PACE to new heights of scale and impact, with over $100M in capital investment, DC PACE is building climate solutions and economic justice. We applaud DC Green Bank for charting a path to a greener, healthier, and more prosperous DC.”

    Douglas Development Corporation, a real estate developer headquartered in Washington, D.C., known for its transformative work in revitalizing underdeveloped, emerging areas, expressed its enthusiasm. Johnathan Murray, Senior Associate of Douglas Development Corporation, stated, “We are delighted to collaborate with Twain Financial and DC Green Bank to introduce this exciting project to the Georgetown neighborhood and economy. We are proud to contribute to this significant milestone for both the DC PACE program and the city.”

    The Canal House of Georgetown grand opening is scheduled for early 2025.

    Click here to read the full release or view below.

    DCPACE_CanalHouseofGeorgetown_

    (Washington, D.C.) – DC Green Bank and Copernican Energy today are pleased to announce the closing of a $500,000 construction-to-permanent loan to support a 191 kW residential solar project portfolio. This investment will provide solar energy to approximately 23 low- to moderate- income (LMI) households, with over 90% of the beneficiaries located in Wards 7 and 8. The solar panels are projected to eliminate 3,252 metric tons of greenhouse gas emissions over 20 years, equivalent to the emissions from 365,928 gallons of gasoline or 3,642,741 pounds of coal burned. In addition to the environmental benefits, residents will experience a minimum 50% reduction in household utility bills.

    “This project supports Mayor Bowser’s goal to create clean energy jobs and make affordable solar energy accessible to all District communities,” said Trisha Miller, Chief Executive Officer at DC Green Bank. “We know when we invest in emerging developers like Copernican, there are numerous co-benefits – like job creation and lower utility bills – that emerge for communities as well. We are excited to continue to replicate this model with our partners across DC.”

    DC Green Bank is committed to creating pathways for emerging developers that deliver renewable clean energy projects to LMI households, supporting our value of inclusive prosperity. This marks Copernican’s second financing request, building on the success of their initial construction-to-permanent loan. This second investment supports Copernican’s growth as a local small business, expanding their residential solar portfolio and enhancing their ability to support other local developers. Copernican will engage District-based solar installers for the construction of the portfolio of projects, amplifying the local impact of this collaboration.

    “We are excited to partner with DC Green Bank to continue to support the growth of renewables by providing no-cost solar to households in low-income neighborhoods across the District,” said Chris Turner, Partner, Copernican. “Through community engagement and support from District entities like DC Green Bank, we know that we can play an important role to help DC achieve its sustainability and inclusive development goals.”

    All solar projects in the portfolio are expected to be completed by the end of 2023.

    Click here to read the full release or view below.

    CopernicanPressRelease_11.29