LIIF Commends SF on New Green Finance Program
The City of San Francisco announced the new GreenFinanceSF-Commercial Program that helps commercial property owners green their buildings. The program takes advantage of an “open market” Property Assessed Clean Energy (PACE) financing model. With the support of Living Cities, LIIF worked closely with the City of San Francisco to ensure that the program would serve nonprofit-owned community facilities in addition to other commercial buildings.
“The Low Income Investment Fund commends the City for extending innovative energy financing to nonprofit-owned community facilities, such as senior, community and child care centers. We look forward to working with the GreenFinanceSF program to help nonprofits identify green improvements and financing to save money on their utility bills, so they can dedicate more resources to their community efforts,” said Brian Prater, Managing Director for the Western Region at LIIF, a San Francisco-based national nonprofit community development financial institution that has invested $990 million in low-income communities.