DC 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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Press
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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Press
Next City – What Is a Green Bank?
March 3, 2021Next City’s Senior Economics Correspondent, Oscar Perry Abello, wrote recently about green banks: “Green banks are part of a long tradition of using public or collective dollars to sway private investment into serving markets that it hasn’t served, or providing products it hasn’t provided before. Neither they nor the private…
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Currents Podcast – Meet DC Green Bank
February 26, 2021DC Green Bank CEO Eli Hopson and Chief Investment Officer Jay Lurie joined the Currents Podcast team to give an overview of the bank, why we were established, and the goals we have set for ourselves. We discuss DCGB’s available capital, priority sectors, how our financing is structured, the near-term…
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Green Bank Expert Joins Biden Climate Team
February 17, 2021To help make President Biden’s climate goals a reality, some clean energy advocates have called for the creation of a green bank to support and accelerate clean energy investments. While the concept hasn’t taken center stage in the Biden administration so far, one new member of the Biden administration’s climate…
Read MoreDC Green Bank Announces DC PACE Closing on Affordable Housing Property in NW Washington
December 14, 2020FOR IMMEDIATE RELEASE December 14, 2020 CONTACT: Gary Decker External Affairs and Communications Partner gdecker@dcgreenbank.org 202-301-8306 DC Green Bank Announces DC PACE Closing on Affordable Housing Property in NW Washington DC Green Bank is excited to announce the closing of a $635,000 loan for 1363 Peabody Street NW, a 30-unit…
Read MoreDC Green Bank Brings Loan Program for Commercial Energy Efficiency Projects to Washington DC
October 19, 2020FOR IMMEDIATE RELEASE October 19, 2020 CONTACT: Steven Jumper steven@ghostnoteagency.com 240.505.5299 DC Green Bank Brings Loan Program for Commercial Energy Efficiency Projects to Washington DC DC multi-family and commercial building owners and tenants can now take advantage of flexible financing options for their energy efficiency improvements through the Commercial Loan…
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