Join CDFA for the Return of the Revolving Loan Fund WebCourse Week!
Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.
More Than $26M to 37 State, Local, & Tribal Governments to Support Clean Energy Projects
The U.S. Department of Energy (DOE) announced more than $26.9 million to nine states, 27 local governments, and one tribe through the Energy Efficiency and Conservation Block Grant (EECBG) Program. Funds will be deployed to advance crucial clean energy and infrastructure upgrades by state governments, local governments, and Tribes to reduce energy use, curb fossil fuel emissions, and improve energy efficiency.
Massachusetts Community Climate Bank Launches First Consumer Loan Product
Governor Maura Healey announced that the Massachusetts Community Climate Bank (MCCB) has launched a new $20 million program, the Energy Saver Home Loan Program, to help low- and moderate-income homeowners make clean energy improvements to their homes. The MCCB is the first green bank in the United States to focus on decarbonizing affordable housing, and the Energy Saver Home Loan Program is the MCCB's first consumer product.
PACE Financing Tool Gains Momentum in Challenging Development Environment
Property Assessed Clean Energy (PACE) is a financing tool that provides long-term, low-cost construction financing for new and existing buildings. Rafi Golberstein, CEO of Minneapolis-based PACE Loan Group, says there are many reasons why developers like PACE financing today, but the most important is the cheaper cost of capital.
$20B in Clean Energy Financing Awaits Michigan Lenders
Newly announced awards of Inflation Reduction Act (IRA) dollars in two national programs mark a significant step toward channeling millions of dollars in clean energy financing to households, small businesses, nonprofits, and other organizations in Michigan. This funding will provide Michigan lenders the opportunity to expand green lending product offerings and increase their impact in our communities.
U.S. DOE Announces Partnership to Advance Equitable Access for Small Businesses
The Department of Energy (DOE) announced a new partnership between the Office of Energy Justice and Equity (EJE) and Lendistry to bridge the financing gap that often hinders small businesses from competing for contracts and reaching their full potential in the energy sector. The Memorandum of Agreement represents a significant step forward in advancing EJE's mission to increase equal and equitable access to opportunities for small and minority businesses.
Lone Star PACE Administers $11.3M C-PACE Financing for Downtown Houston, TX Hotel
Lone Star PACE, a leading administrator of Texas' Property Assessed Clean Energy (PACE) program, announced it facilitated an $11.3 million C-PACE loan for a 17-story, dual-branded hotel planned for Downtown Houston. Lone Star PACE worked with the project's sponsor, Neway Hospitality, an experienced hotel developer, owner, and operator with a deep track record in the Houston market, to secure the loan.
New Jersey Economic Development Authority Creates New Jersey Green Bank
The New Jersey Economic Development Authority (NJEDA) Board approved the creation of the New Jersey Green Bank (NJGB), which will make investments in the clean energy sector that will help advance the state's efforts to make an equitable transition to 100 percent clean energy. The NJGB will make investments through debt, credit enhancements, and other financial vehicles to attract private capital to enable the state to reach its climate goals.
|