Press

DC Affordability, Sustainability Project Secures $2M Pre-Development Loan

December 2, 2021

By 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, 2021

DC 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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Press

DC Green Bank is the Newest Member of the Green Bank Network

November 3, 2021

Two 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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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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Press

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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Press

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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Press

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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Press

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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