In our October 2019 discussion brief, our working group outlined why climate resilience is important to all multifamily affordable housing stakeholders and how housing lenders can help drive a...
This paper analyzes Bank of America’s $55 million initiative to provide low-cost funding and grant support to advance energy efficiency investment in low- to moderate-income communities. The funding supported community development financial institutions (CDFIs) in developing and enhancing efficiency programs for residential, commercial, and multifamily buildings. We report on loan performance, energy savings, and the degree to which the savings offset the cost of the energy efficiency investment.