For the first round of investments, we have capitalized the joint lending pool with $600,000 and expect to fund up to 12 clean energy projects, creating and preserving dozens of jobs and strengthening the resiliency of small businesses and nonprofits across the region.
Stockbridge Condominium Association has received the first loan from the initiative. Led by its residents' financial motivation and environmental concerns, the energy updates from this investment will result in a 380% reduction in common energy expenses, directly impacting the living conditions of more than 280 families in the Silver Spring, MD community.
To learn more about the program, including how to apply, please visit the initiative's web page.