By Keith Loria, Commercial Observer During Infrastructure Week in Washington, D.C., this week, Mayor Muriel Bowser announced that DC Green Bank, a publicly funded bank, has committed $7.5 million to community and residential solar projects across the city. As part of its new commitments, a $7 million loan was provided…
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D.C. Funding Deal to Bring Solar Energy to 350 Lower-Income Homes
May 20, 2022By Tristan Navera, Washington Business Journal D.C. Green Bank has closed on two deals that will lead to more solar capacity to power 350 homes. The bank closed on a $7 million loan with PosiGen to add solar energy to power about 320 homes in areas of low to moderate…
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During Infrastructure Week, Mayor Bowser Highlights Progress in Expanding Access to Solar Projects Through DC Green Bank
May 17, 2022(Washington, DC) Today, Mayor Muriel Bowser highlighted progress in expanding access to solar energy through DC Green Bank and announced that, since its launch in 2018, DC Green Bank has now committed more than $12 million to community and residential solar projects serving low-to-moderate income (LMI) residents in the District….
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DC Green Bank and PosiGen Announce a $7,000,000 Deal to Deliver More Than 300 Residential Solar Projects Across the District
May 17, 2022DC Green Bank and PosiGen today announced the closing of a groundbreaking $7,000,000 deal to accelerate the deployment of residential solar across the District for low-to-moderate income (LMI) residents. The loan agreement will unlock funding for the construction of up to 3,000 kW of solar capacity on approximately 320 homes…
Read MoreDC Green Bank and Uprise Electric Announce a More Than $500,000 Deal to Deliver Community and Residential Solar Projects Across the District
May 17, 2022DC 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…
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DC 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…
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