On November 15, 2011, Bank of America announced the nine recipients of low-interest loans and grants for its Energy Efficiency Finance Program. This innovative program includes support for all participants to collect data before and after energy improvements. EnergyScoreCards will be the third-party consultant for this data collection and analysis, with results expected to be published in 2015.
Read the Bank of America Press Release
EnergyScoreCards congratulates the nine CDFI's:
"The selected CDFIs will receive a total of $50 million in low-cost, long-term loans to finance the upfront investment costs that building owners need to make energy efficient improvements, and $5 million in operating grants to support green capacity-building, staffing, training, reserves, and marketing needs associated with the implementation of the programs. The energy cost savings realized over time will create cash flow to repay the loans."
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