By 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…
Read MoreDC Green Bank, the DCSEU, and Flywheel Development Commemorate the Completion of New Community Solar Project
December 2, 2021DC Green Bank, the DC Sustainable Energy Utility (DCSEU), and Flywheel Development , alongside the Deputy Mayor for Operations and Infrastructure Lucinda Babers, and Chair of the Committee on Transportation and the Environment Mary Cheh, and residents commemorated the completion of a new community solar installation in Ward 7. Hosted…
Read MoreDC Affordability, Sustainability Project Secures $2M Pre-Development Loan
December 2, 2021By Lisa McDuffie, Washington DC CRE News DC Green Bank, Jonathan Rose Companies and Somerset Development Company have closed a $1.85 million pre-development loan to finance the design and planning of Faircliff Plaza East, an affordable housing redevelopment in Ward 1 of Washington, D.C. The project is expected to increase…
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DC Green Bank and Partners Announce $1.85 Million Pre-Development Loan for Groundbreaking Affordable Housing and Sustainability Project
November 30, 2021DC Green Bank, Jonathan Rose Companies, and Somerset Development Company today announced the closing of a $1.85 million pre-development loan to finance the design and planning of Faircliff Plaza East, an affordable housing redevelopment in Ward 1 of Washington, D.C. The loan will support engineering, architecture, planning, design, and sustainability…
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DC Green Bank is the Newest Member of the Green Bank Network
November 3, 2021Two new financial institutions from Brazil and Washington, D.C., today joined a growing green financing movement that uses relatively small pools of public funds to attract substantially larger private funds to invest in renewable energy, energy efficiency and other low-carbon technologies and projects aiding the shift from fossil fuels to a climate-friendly future. The two new members—Minas…
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Medici Road’s Deanwood Station Project Gets $250K from DC Green Bank
September 28, 2021By Tristan Navera, Washington Business Journal The project will still need bank financing to go vertical, but the pieces are coming together. Read the Full Article Here
Read MoreDeanwood Development With Grocery Gets Green Bank’s First Predevelopment Loan
September 20, 2021By 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…
Read MoreDC Green Bank and Medici Road Announce $250,000 Pre-Development Loan
September 20, 2021DC 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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