Energy Conservation in New York

Through its recently launched Energy Conservation Initiative, Seedco Financial offers below market loans and technical assistance to developers, building owners, and business owners who can demonstrate financing needs associated with energy conservation related activities. These activities may include the development, renovation, or retrofitting of residential, commercial, or industrial facilities to meet with EnergyStar™ and/or LEED™ standards.

ECI comprises three financing programs:

The Commercial and Nonprofit Community Facilities loan program offers below market loans and technical assistance in support of EnergyStar™ or LEED™ compliant retrofits of existing nonprofit community facilities and office buildings in targeted underserved areas.
The Industrial Facilities loan program offers below market loans to finance equipment retrofits and other upgrades to improve the energy efficiency of New York City -based light manufacturing facilities.
The Green Affordable Housing program offers below market loans and technical assistance to developers to incorporate green building standards into the construction or renovation of single- or multi-family affordable housing projects.

Seedco Financial partners with local experts, including consulting and engineering firms, to provide technical assistance to its borrowers. Technical assistance typically takes the form of energy audits, support in applications for government subsidies, design reviews, and EnergyStar™ or LEED™ scoring and certification procedures.

For more information, please contact Ms. Sara Rioff at srioff@seedco.org.