DC Green Bank today announced $726,500 in financing to Monumental Builders, LLC, for energy efficiency upgrades to a 13-unit building in Ward 2. This $2 million project will be the first major renovation of the building since its construction in 1950, fully electrifying the building and cutting energy use. The building upgrades are expected to reduce energy use by more than 280,000 kWh and cut utility costs by nearly $30,000 annually.
The updated building will feature a highly efficient heating and cooling system, upgraded windows and insulation, induction stovetops, and tankless water heaters. By improving the ventilation system and removing gas appliances, the building both increases efficiency and improves indoor air quality for residents.
“This development shows that reaching for higher standards of efficiency both saves money and makes for healthier, more comfortable homes,” said Brandi Colander, CEO of DC Green Bank. “By financing projects that demonstrate the value of investing in efficiency, we’re showing how we build a more resilient and affordable future for DC.”
“DC Green Bank’s financing not only made this highly efficient project possible, but also helped us invest in upgrades that will make these homes more affordable over time,” said Ian Marsteller, Founder and CEO of Monumental Builders. “We’re proud to be leading the way on electrification and efficiency, making our homes healthier, more comfortable, and more resilient.”
The renovation at 1504 Kingman Place NW is expected to be completed fall 2026.
DCGB Kingman Place Press Release_12.11.25