HDF and CT Green Bank have been granted a $5 million PRI from the MacArthur Foundation.

In 2016, HDF will partner with CT Green Bank and the John D. & Catherine T. MacArthur Foundation to support energy efficiency and clean energy in the affordable multifamily housing sector by support and expanding financing solutions for multifamily properties in Connecticut.

A $5 million program related investment by the MacArthur Foundation will target funding towards three programs:

  • a revolving pre-development energy loan fund to cover the costs of energy opportunity assessments, audits, and project scope definitions.
  • a loan pool to finance the remediation of health and safety measures
  • term financing to bridge gaps and provide a lower weighted average cost of capital for viable projects.

To learn more about this opportunity, and our other programs for multifamily developers, please visit our Multifamily Lending page or call Director of Multifamily Lending Elissa Bard at 203.969.1830 x 2010.