EPA Announces $2.7B for Water Infrastructure State RLFs
The U.S. Environmental Protection Agency announced the availability of $2.7 billion for State Revolving Funds. EPA provides funding to all 50 states and Puerto Rico to capitalize SRF loan programs. The states and Puerto Rico contribute an additional 20 percent to match the federal grants. The 51 SRF programs function like infrastructure banks by providing low-interest loans to eligible recipients.
House Ways and Means Committee Unveils Infrastructure Proposal
The House Ways and Means Committee has released its much-anticipated infrastructure proposal. It includes $760 billion over five years for transportation, broadband, water, wastewater, and brownfields redevelopment. It also would expand many existing clean energy financing programs as well as tax credits like the NMTC, LIHTC, and HTC.
Petros PACE Finance Expands With $4.9M in C-PACE Financing For 2 Tulsa, OK Hotels
Petros PACE Finance, LLC has closed two Commercial Property Assessed Clean Energy (C-PACE) transactions totaling $4.9 million with Ross Group, a Tulsa, Oklahoma-based commercial real estate owner and developer, to finance energy-saving building measures in the redevelopment of two properties into hotels in downtown Tulsa.
Great Falls, MT Moves Ahead With $1.7M Agri-Tech Drainage Project
The City of Great Falls has been approved for a $1.5 million loan from the State Revolving Fund to finance construction of a new storm drain project. The project is intended to better capture and divert snow melt and rain water that is currently causing erosion problems. The city will commit an additional $225,800 in Tax Increment Financing funds to see the project through to completion.
True Green Capital Management Closes $84M in Debt and Tax Equity Financing
True Green Capital Management, a specialized energy infrastructure asset management firm, today announced that its has closed on $42.8 million in debt financing and $41.1 million in tax equity financing supporting NY Solar Farms, a 70 megawatt community solar portfolio located in central and northeastern New York State.
Petros PACE Finance Provides $4.2M in C-PACE Financing for NE Boutique Hotel
Petros PACE Finance, LLC has closed a $4.2 million Commercial Property Assessed Clean Energy (C-PACE) transaction with REV Development, an owner, developer and operator of hospitality properties, to finance energy-saving upgrades in the conversion of a historic building into a boutique hotel in downtown Omaha, Nebraska.
OH Paper Mill Redevelopment Features PACE Bonds
A former paper mill in Hamilton, Ohio is getting a new life with a 235-room hotel, convention center and indoor sports complex redevelopment project, a public-private partnership that will bring $175 million in investment to Butler County. To help fund the project, the Hamilton Community Authority is selling $19.4 million of tax-increment financing revenue bonds, $16 million of taxable community charge bonds, and $50.2 million of taxable property assessed clean energy bonds.
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