Coming Up Next Month: CDFA's Intro and Advanced Bond Finance Courses!
Join CDFA for our upcoming Bond Finance Week! The Intro Bond Finance Course will take place on March 13-14 followed by the Advanced Bond Finance Course on March 15-16. Register for one or both of these courses to learn from experts about how to bring economic growth to your community by utilizing the vast resources of the bond finance industry.
2023 Energy Predictions: Inflation Reduction Act Spurs Clean Energy Boom
Policy experts share their predictions for the year to come: Inflation Reduction Act (IRA) funding will spur a renewable energy boom along with equitable clean energy deployment in Tribal communities, as electric trucks and charging infrastructure shift into high gear, battery demand surges, and the Biden administration introduces new power sector pollution regulations.
Pinellas, FL Considers Clean-Energy Loan Program to Entice Affordable Housing
In a bid to attract developers for affordable housing, Pinellas County could expand a program meant to encourage builders to invest in energy-saving features or ones that improve resiliency to climate change. County commissioners directed staff to bring back more information on possible changes to its Property Assessed Clean Energy program.
$42M C-PACE Loan to HB Capital Group for Isles Beach, Florida Resort
Global law firm Reed Smith announced that it has advised North Bridge, a sustainable financing lender and servicer, on a $42 million commercial property assessed clean energy loan to HB Capital Group, as part of a renovation of the historic Newport Beachside Hotel & Resort in Sunny Isles Beach, Florida. This marks the largest C-PACE transaction in Florida to date.
Louisiana State Bond Commission Receives Approval of Financing for Origin 2
Origin Materials, Inc., the world's leading carbon-negative materials company announced that the Louisiana State Bond Commission has unanimously passed a resolution granting its final approval of the issuance of up to $1.5 billion of tax-exempt bonds for the financing for the construction of Origin 2, the Company's first world-scale manufacturing facility, to be located in Geismar, Louisiana.
Burlington, MA Offers Property Assessed Clean Energy Program
MassDevelopment and the Massachusetts Department of Energy Resources launched the Property Assessed Clean Energy program in July 2020. The program offers property owners long-term, upfront financing to implement projects that reduce operating costs and increase their property values, in turn, Burlington benefits from the investment as well as the environmental benefits realized from the property's reduction of energy consumption.
Solar Energy Loan Fund Surpasses $30M of Residential Loans
The Solar Energy Loan Fund (SELF), a 501(c)(3) non-profit organization providing unsecured financing solutions to Florida and Southeast U.S. residents adding solar and home improvements, recently surpassed $30 million of cumulative loans. SELF has issued more than 3,000 green home loans, which average about $10,000 per loan but can range up to $50,000, for rooftop solar, high-efficiency air conditioners, roofing repairs, and other residential sustainable improvements.
Green Banks Poised for Billions in Climate Funds
In 2022, Congress approved a Greenhouse Gas Reduction Fund of $27B, largely to pour money into green banks and similar financial institutions. Newly established green banks from Nevada to Illinois are readying for federal support that could supercharge their efforts, while bipartisan leaders in places such as New Mexico and Alaska are pushing to create their own state green banks.