By: Isabelle Elizondo On: September 18, 2023 In: Comments: 0

On June 2, 2022, NY Green Bank (“NYGB”) provided a $5.0 million subordinated term loan to the New York City Energy Efficiency Corporation (“NYCEEC”). On November 28, 2022, NYGB upsized this facility with an additional $5.0 million subordinated term loan. NYCEEC will use NYGB’s facility to make loans to finance clean energy and energy efficiency projects located in New York State (“NYS”) that benefit disadvantaged communities (“DACs”).

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