“NY Green Bank, an investment fund for sustainable infrastructure projects, wants to ensure that disadvantaged communities across New York state aren’t left out of the transition to clean energy.
The publicly backed entity is developing a $250 million “community decarbonization fund” to provide low-cost capital to community development financial institutions and other lenders for eligible electrification, energy efficiency and onsite power projects in low- and moderate-income areas.
An earlier version of this article incorrectly stated that the high end of NY Green Bank transactions is typically around $15 million. The correct figure is $50 million.”
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Kline, Allissa. American Banker 16 June 2022.