Friends of NYCEEC,

The team at NYCEEC is hard at work as we near the June 30 end of our Fiscal Year. NYCEEC continues to collaborate with housing agencies, building owners, contractors, and developers across the Mid-Atlantic and Northeast region to pursue its mission: to deliver financing solutions and advance markets for energy efficiency and clean energy in communities.

Recent highlights include:

• Investing in Impact: Through direct financing, partnering with capital providers, supporting other clean energy lenders, and administering clean energy financing programs, NYCEEC has mobilized approximately $600 million of capital, increasing energy resilience and investing in communities across 22 counties in our lending territory. To date, NYCEEC has supported clean energy projects benefiting over 18,000 units of affordable housing. We have structured transactions to support building energy efficiency, high-performance buildings, electric vehicle charging infrastructure, and distributed generation and storage, including transactions to support community solar for the benefit of LMI communities.
• Investing in Programs: Our activities span the Northeast and Mid-Atlantic region, for example, helping to finance the first privately-owned resilience hub in an affordable multifamily housing complex in Montgomery County, Maryland, and lending to support clean energy measures for a family-owned business in Rhode Island as part of that state’s C-PACE program. NYCEEC continues to administer New York City’s C-PACE program and was recently appointed administrator of New York City’s Affordable Housing Reinvestment Fund. In addition, we continue to work with NYSERDA, New York State Division of Homes and Community Renewal (HCR), and New York City Department of Housing Preservation and Development (HPD). NYCEEC has made 58 loans to date as part of the HPD predevelopment loan program as well as 5 loans supporting projects with HCR. In 2024, we were recognized by the Department of Energy’s Better Buildings Challenge for our predevelopment loan program.
• Investing in NYCEEC: Over the last two years, NYCEEC increased the size of its team and strengthened its relationships with key partners to position ourselves to increase our impact on behalf of the communities we serve. We became members of Opportunity Finance Network, the leading national network of CDFIs and mission-driven community lenders. We joined forces with Wells Fargo and Elemental Excelerator to launch a new debt financing program to catalyze energy innovation technologies with significant community benefits. We worked with our partners at the UNH Carsey School of Public Policy to produce a Practitioners’ Guide to Community Lending for a Just and Equitable Energy Transition. We authored other briefs discussing the critical role of philanthropies in supporting our work and the catalytic role of our investments in mobilizing private sector capital.

Throughout Fiscal Year 2025, NYCEEC has maintained a strong pipeline of transactions and sees numerous opportunities to support community economic development and increased energy resilience. We truly appreciate the assistance of all of our partners and supporters. With your support, we continue to work towards a future where energy efficiency and clean energy financing for communities achieves scale and becomes accessible to all.

Thank you for your continued support of our work and your help in enabling us to meet our important goals. We look forward to continuing our work with you in pursuit of our shared goals!

On behalf of the NYCEEC team,