By: Peter Trousdale On: December 07, 2022 In: Comments: 0

In June 2022, NYGB entered into a subordinated loan facility, originated through RFP 19, that will enable NYCEEC to make loans to finance energy efficiency projects in NYS that benefit Disadvantaged Communities. At present, Impact-focused lenders are undercapitalized relative to the scale of their need, so are unable to put significant capital to work in addressing market gaps to grow the market for clean energy and energy efficiency. NY Green Bank’s participation supports an impact-focused lender by providing capital to scale such investments to benefit disadvantaged communities.

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