Press

Deanwood Development With Grocery Gets Green Bank’s First Predevelopment Loan

September 20, 2021

By Nena Perry-Brown, Urban Turf While this mixed-use Deanwood development didn’t meet its crowdfunding minimum, it just won additional funding from an unlikely source. The DC Green Bank announced a $250,000 pre-development loan this morning for developer Medici Road to realize its by-right project at 4276 Sheriff Road NE (map). The development will include 13…

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DC Green Bank and Medici Road Announce $250,000 Pre-Development Loan

September 20, 2021

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…

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Green Compass Projects Aim to Better Manage DC Stormwater

September 9, 2021

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…

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DC Green Bank and Green Compass Announce $650,000 Revolving Loan Facility

September 8, 2021

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…

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More Solar Panels Coming to Southeast D.C. Homes

May 20, 2021

By Aja Beckham, DCist In Southeast D.C., officials hope newly installed solar panels will help to lower electric bills for hundreds of residents. This week, DC Green Bank and Flywheel Development announced the closing of a $3.2 million deal to install solar panels on six Fairfax Village condos that are…

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DC Green Bank and Flywheel Development Announce $3.2 Million Community Solar Installation

May 17, 2021

DC Green Bank and Flywheel Development today announced the closing of a $3.2 million partnership to finance the installation of solar panels at six condominium communities in Southeast Washington. D.C. Once completed, these installations will cut electricity bills in half for nearly 230 low- to moderate-income (LMI) residents in the District as part of the District’s Solar for All program. The portfolio of projects is expected to generate as much as $2.3 million in electricity savings for DC LMI residents over the next 15 years. In addition…

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DC Green Bank’s Top Five Energy Jobs of the Future

May 13, 2021

DC Green Bank CEO Eli Hopson recently wrote a blog post as part of DCGB’s participation in the Reduce Energy Use DC (REUDC) campaign. Eli wrote about the mission of DCGB, how we support workforce development in the District, and the future of green jobs! Read it by clicking below….

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Green Banks in the United States: 2021 U.S. Green Bank Industry Report

May 11, 2021

The American Green Bank Consortium and the Coalition for Green Capital have just published a report outlining the state of green banks in the United States. In total, the report finds that American Green Banks have caused $7.0 billion in clean energy investment since 2011, with $1.69 billion of this…

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Preserving and Expanding the Supply of Affordable Rental Housing

May 4, 2021

DC Green Bank Board Member Priya Jayachandran, along with partners at the Urban Institute, recently published an article about Preserving and Expanding the Supply of Affordable Rental Housing. The authors wrote about: Making sure that families remain housed during the pandemic and related economic downtown is critical. But longer-term effects…

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Polsinelli Inside Law Podcast, Featuring General Counsel Sandy Paik

April 21, 2021

On April 21, DC Green Bank General Counsel Sandy Paik joined the In-House Influence podcast to talk about her role with DCGB and how she came to be who she is today. In-House Influence “features interviews on the ‘how’ behind each guest’s path toward leadership – with a focus on…

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