DC Green Bank and Uprise Electric Company today announced the closing of a more than $530,000 deal to accelerate the deployment of community solar across the District. The loan agreements will deliver funds for the construction of approximately 75 kW of capacity across 15 residential projects. In addition to the…
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DC Green Bank Closes First Community Impact Initiative Pilot Investment, Committing More Than $500,000 for Efficiency Upgrades to Shiloh Baptist Church of Washington
April 11, 2022(Washington, D.C.) – DC Green Bank today announced the closing of an investment of more than $500,000 to support Shiloh Baptist Church of Washington as it pursues upgrades to its sanctuary building cooling system and considers additional building efficiency upgrades and capital improvements. This investment is part of DC Green…
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Mi Casa Lands Key Funding for Long-planned Truxton Circle Project
March 4, 2022By Tristan Navera, Washington Business Journal Mi Casa Inc. has landed some of the money it needs to start work on a long-planned affordable housing project slated for 14 Florida Ave. NW in Truxton Circle. D.C. Green Bank closed on a $255,728 pre-development loan for the new Barnett-Adan Apartments development…
Read MoreDC Green Bank Announces First Navigator Pre-Development Financing Deal in Support of Planned Affordable Housing Construction Project
February 28, 2022DC Green Bank today announced the closing of its first Navigator pre-development loan, with local nonprofit affordable housing developer Mi Casa, Inc. The $255,728, 1.99% interest rate Navigator loan will support the financing of pre-development costs for a mixed-use and mixed-income construction project in Ward 5. The completed building is…
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DC Green Bank and Together Solar Announce a Nearly $2 Million Deal to Support and Expand Solar Access for Faith-Based and Non-Profit Institutions in DC
February 2, 2022DC Green Bank and Together Solar today announced the closing of a nearly $2 million comprehensive debt facility to bolster the company’s existing solar portfolio and support an expansion of solar deployment across the District. The loan facility will provide permanent financing for one of the region’s largest portfolios of…
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DC Green Bank and City First Enterprises Announce $2.8 Million Clean Energy and Efficiency Partnership for Small Businesses and Property Owners
January 20, 2022DC Green Bank and City First Enterprises today announced the closing of a $2.8 million investment partnership for small businesses in the District and to bolster the bank’s Commercial Loan for Energy Efficiency and Renewables (CLEER) Financing program. Small businesses can now apply for up to $150,000 in loans with…
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D.C. Green Bank Lining Up Local Dollars, Local Firms to Reap the Solar Boom
January 18, 2022By Oscar Perry Abello, Next City But the D.C. Green Bank is determined as part of its mission to bring private lenders into the space. The first permanent loan for Flywheel came from Amalgamated Bank — a union-controlled bank that has some expertise in solar power lending after a 2018…
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DC Green Bank, Virginia Community Capital, and Flywheel Development Announce $1.8 Million Permanent Loan for Community Solar
January 10, 2022DC Green Bank, Virginia Community Capital, and Flywheel Development today announced the closing of a $1.8 million permanent loan facility for a newly completed community solar project in Ward 7 of Washington, D.C. Given DC Green Bank’s status as an independent instrumentality of the District government and VCC’s status as…
Read MoreGreen Banks Gain Ground in Liberal Communities Struggling to Turn Climate Pledges into Action
December 28, 2021By Rebecca Tan, Washington Post The American Green Bank Consortium has seen its membership double from 11 to 22 in the past three years. Most members are backed by state governments, which have bigger wallets to spend on seed funding. Montgomery County was among the first local jurisdictions in the…
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Bowser Administration Launches Program to Help Multi-Family Affordable Housing Meet New Energy Performance Standards
December 9, 2021WASHINGTON, DC – December 8, 2021 – Today, the Bowser Administration, through the Department of Energy and Environment (DOEE), announced the launch of a new initiative, the Affordable Housing Retrofit Accelerator, that will provide direct technical and financial assistance to multifamily affordable housing buildings so they can meet the compliance…
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Developers Plot Green Affordable Housing Redevelopment in Columbia Heights
December 8, 2021By Tristan Navera, Washington Business Journal New York developer Jonathan Rose Cos. and D.C.’s Somerset Development Co. are planning a full redevelopment of Faircliff Plaza East that would replace the existing 80-unit building at 14th and Fairmont streets NW with a 125-unit building with more modern amenities and a sustainable…
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The NonProfit Times – Loan Fund Launched for Nonprofits’ Green Building Upgrades
March 16, 2021DC 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…
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