Green Bank announces a milestone for Connecticut efficiency initiative


Connecticut Green Bank Multifamily Housing Programme has provided funding to more than 100 multifamily properties, implementing energy efficiency retrofits.

The Connecticut Green Bank has provided up to $34 million in funding and technical assistance since its inception in 2014.

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In partnership with Capital for Change and the Housing Development Fund, the funds were directed towards energy efficiency, solar and health and safety upgrades.

The Green Bank has up to $160 million in funding set to be distributed.

Bryan Garcia, CEO of the Green Bank, said: “We are pleased with the accomplishments of our Multifamily programme, which has touched more than 8,000 housing units in Connecticut that serve low- and moderate-income residents.

“While there is still plenty of work to do, this investment is helping to improve the lives and health of families and reduce the energy burden on property owners.

The Program predominantly provides financing for existing housing that serves low- and moderate-income residents in Connecticut. This includes subsidized, rent-restricted properties as well as non-subsidized housing.