Loan Funds for nonprofits green building upgrades
From: Ann Lehman (annzimmerman-lehman.com)
Date: Mon, 15 Mar 2021 21:36:53 -0700 (PDT)
https://www.thenonprofittimes.com/finance/loan-fund-launched-for-nonprofits-green-building-upgrades/

For DC communities
Loan Fund Launched For Nonprofits’ Green Building Upgrades
<https://www.thenonprofittimes.com/finance/loan-fund-launched-for-nonprofits-green-building-upgrades/#>

   - The NonProfit Times
   
<https://www.thenonprofittimes.com/finance/loan-fund-launched-for-nonprofits-green-building-upgrades/#>
   -
      - News
   -
      - March 15, 2021

DC Green Bank, a Washington, D.C.-based program that promotes sustainable
infrastructure, has launched a loan program that supports energy-saving
work within the District.

The new program, Navigator, provides pre-development loans for
community-based nonprofit organization buildings, commercial buildings, and
multifamily or mixed-use properties with five or more residential units.
The loans cover sustainable energy-saving projects such as bidding work,
design, energy audits and benchmarking, engineering environmental-based
planning meetings and other design costs.

“Through our engagement with District residents, contractors, developers,
property owners, engineers and beyond, we have identified pre-development
loans as a crucial missing piece in the city’s clean energy puzzle,” DC
Green Bank CEO Eli Hopson said via a statement.

Navigator loans are available for $10,000 to $250,000, although higher
amounts might be considered based on project complexity, as determined on a
case-by-case basis. The loans are geared in part toward affordable housing
development. Property owners are required to cover 25% of the project
costs. DC Green Bank provides financing for 75%, which is given in one
balloon payment at project financing.

The loans are a stepping stone for building owners seeking to decrease
their environmental footprint, save money and meet the District’s Building
Energy Performance Standards (BEPS). Under the BEPS, the District is aiming
to reduce emissions by 50% by 2032, and to achieve net-zero emissions by
2050.

At launch, interest rates for multifamily and nonprofit properties are
1.99%, and market-rate properties and commercial real estate developments
at 3.99%. Loans are repayable within 24 months, with payment due at the end
of the period or upon the project receiving funding. There are no penalties
for early repayment.

Applications for the loans are available here:
https://dcgreenbank.com/product/navigator/ Applications must include a
project budget that details the property manager’s 25% contribution to the
project, the names and qualifications of the professional service providers
to be retained, and a variety of financial and tax forms.

Navigator was designed in conjunction with Rocky Hill, Conn.-based
Inclusive Prosperity Capital, a nonprofit investment fund that specializes
in clean energy, energy efficiency and resiliency projects and programs.

“The Navigator loan allows building owners to access financing for
early-stage audits, benchmarking, and design for clean energy projects,
which can often be a challenge,” Inclusive Prosperity Capital CEO Kerry
O’Neill said via a statement.

*Ann Lehman, she/her
**Zimmerman Lehman
Board Governance Specialist
**https://zimmerman-lehman.com/ <https://zimmerman-lehman.com/>
**510.755.5701*

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On Mon, Mar 15, 2021 at 2:29 PM Yochai Gal <yochaigal [at] gmail.com> wrote:

> Gather will do some of this stuff.
> https://info.gather.coop
>
> Our community just uses Groups.io and Google Calendar for now. It isn't
> great.
>
> On Mon, Mar 15, 2021, 4:38 PM Lisa Kuntz <lisa.kuntz [at] gmail.com> wrote:
>
> > Daybreak Cohousing is seeking an accessible-for-all, user-friendly
> > intranet platform to replace our classic Google site created 10+ years
> ago.
> > Adults range in age from 20s to 80s, with over half over 60. Technical
> > literacy abilities are diverse. Personal technical support is limited.
> >
> > Our requirements and goals:
> >
> > Seamless integration with Google Workspace and apps (calendar, docs,
> > forms, etc)
> > Facilitates team communication and collaboration
> > Promotes member engagement, connections and knowledge sharing
> > Utilizes Web Content Accessibility Guidelines (inclusive design)
> > Streamlines specific processes, such as facility service requests
> > Provides security and levels of sharing/editing permissions
> >
> > What does your community use for your intranet platform?
> >
> > Are you satisfied with your choice? Pros/cons?
> >
> > What platforms did you consider before making a decision?
> >
> > Atlassian Confluence
> > WordPress
> > New Google Sites
> > Other cloud-based intranet solutions?
> > Membership Team and Portal Team
> >
> > https://www.daybreakcohousing.org/ <https://www.daybreakcohousing.org/>
> > _________________________________________________________________
> > Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> > http://L.cohousing.org/info
> >
> >
> >
> >
> _________________________________________________________________
> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
> http://L.cohousing.org/info
>
>
>
>

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