Last week, we had the opportunity to update the DC Council on the latest from DC Green Bank and wanted to share our work with our network. Our last fiscal year was one of the most impactful in DC Green Bank’s history and at the midpoint of the current year, we’ve already broken records.
In FY 2025, DC Green Bank directly financed 11 projects for a total of more than $25 million invested, doubling our total from FY 2024. Through these loans, we have brought solar energy to homes across the District, financed hundreds of affordable housing units, and supported the growth of local businesses. We’ve also seen tremendous growth in PACE financing in the past year. Altogether, we have supported more than three-quarters of a billion dollars of investment in DC since the beginning of FY 2025.
Recent Deals
Three recent projects in particular demonstrate our impact and the value of DC Green Bank:
- We invested $700,000 to upgrade and fully electrify a 13-unit building in Ward 2. This funding will support the first major renovation of the building since its construction in 1950 and cut utility costs by $30,000 annually.
- In December, we closed the largest loan in the history of PACE: a $465 million loan for an office-to-residential conversion in Dupont. The Geneva will add more than 500 homes, including 60 affordable homes, while also meeting high standards for resilience and efficiency.
- A $1.275 million loan to Uprise Solar is delivering solar energy to 74 homes and three churches across DC, helping to cut their utility bills and increasing the resilience of the grid. Uprise Solar is a longtime partner of DC Green Bank; our partnership has helped it grow from a single employee to a staff of 30 and expanded its offerings to include battery storage, EV chargers, and roofing.
Learn More
The Washington Business Journal covered the growth of PACE lending and how DC Green Bank is help large-scale projects the financing they need while achieving high levels of efficiency and resilience.
If you haven’t seen it yet, check out our Annual Report, which details our impact, our partnerships, and the organizations and people building a more resilient and affordable DC.
Out in the Community
In January, our team celebrated the opening of Cycle House, a new net-zero, all-affordable building along North Capitol St. in Ward 5. Featuring solar panels and a highly efficient design, the building will generate as much energy as it uses on an annual basis, helping to keep the 18 apartments affordable for residents.
Brandi Colander spoke on a panel at the Milken Institute Future of Finance 2026 conference on innovative models for financing water projects to help communities be more resilient to flooding and protect access to clean water.
We have some exciting events and new deals in the works that we will be announcing in the coming months, so keep an eye out for more updates soon.
We appreciate your continued partnership and support. If you have any questions or needs, please don’t hesitate to reach out.
Best,
Brandi Colander, CEO
Ed Hubbard, Board Chair