LISC's Green Development Center has created a Green Loan Fund to support strategies that implement green building features for local development projects.
Types of financing:
- Predeveloping financing - to help pay the cost of predevelopment activities, including but not limted to green planning and preparation, consultant fees, etc.
- Construction/Mini-Perm financing - to help pay the costs of critical green features at risk of elimination from the development plan due to budget pressures
What projects are eligible:
- Funds are available on a first come-first served basis;
- Eligible projects include any neighborhood real estate project throughout LISC's local office network;
- At a minimum, projects must follow ENERGY STAR® guidelines for residential development, including being certified as either ENERGY STAR® Qualified New Homes (for new construction) or follow Regreen guidelines from U.S. Green Building Council or Home Performance with ENERGY STAR guidelines (for rehabs). If it is a multifamily project above 4 stories or a non-residential project, achieve the minimum points for a LEED "certified" level under the appropriate USGBC LEED program (actual certification is not required). Local green building standards are also acceptable upon approval by the LISC's Green Development Center;
- Financing will be done through local LISC offices.
For more information:
> Contact LISC local offices
> Contact Madeline Fraser-Cook, Director of LISC's Green Development Center
In addition to the Green Loan Fund, LISC's Green Development Center supports green projects across LISC's network through green construction grants, planning grants, technical assistance, and online resources.
