By 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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DC 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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Green Compass Projects Aim to Better Manage DC Stormwater
September 9, 2021By 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…
Read MoreDC Green Bank and Green Compass Announce $650,000 Revolving Loan Facility
September 8, 2021DC 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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D.C. Green Bank, Flywheel Development Partner to Provide Solar Capacity for Dozens of Washingtonians
June 26, 2021By Demetrius Dillard, Special to the AFRO Two Washington, D.C.-based organizations have announced their contribution in facilitating a green economy as the city transitions to running completely on renewable energy while creating a sustainable environment for its residents. On May 17, DC Green Bank and Flywheel Development announced the closing…
Read MoreMore Solar Panels Coming to Southeast D.C. Homes
May 20, 2021By 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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