RFP 23: Community Decarbonization Fund - Financing for Disadvantaged Community Lenders
NYSERDA's NY Green Bank offers loans to financial entities for clean energy and decarbonization projects that reduce emissions and improve energy affordability in disadvantaged New York communities.
Funder: New York State Energy Research and Development Authority
Due Dates: Rolling (continuous until funds are allocated)
Funding Amounts: Loans from $2 million to $25 million (or up to 20% of applicant’s capitalization); total program pool is $250 million; loans up to 12 years
Summary: Supports financial entities lending to clean energy and sustainable infrastructure projects benefiting disadvantaged communities in New York State.
Key Information: Proposals are evaluated and awarded on a rolling basis until funds are exhausted.
Description
This opportunity, administered by NY Green Bank (a division of NYSERDA), provides concessionary financing to regulated and unregulated financial entities—including community development financial institutions (CDFIs), credit unions, depository institutions, and not-for-profit specialty lenders—targeting clean energy and sustainable infrastructure projects that benefit disadvantaged communities (DACs) in New York State. The program aims to catalyze capital deployment into efficiency-first decarbonization, affordable housing, and small business projects that reduce greenhouse gas emissions and improve energy affordability for historically underserved populations.
