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Source: NYCEEC estimates based on available data.
Source: Infographic figures are based on available data. Not all figures shown in the infographic include data for all projects (e.g., operating data associated with certain pre-development loans may be unavailable). Relationships between figures reflect these limitations. The figures shown in the infographic are revised periodically to reflect new projects and new data on existing projects (e.g., changes in project scope that produce upward or downward revisions). Environmental impacts based on estimates over project life; actual performance may vary. Additional considerations include: (a) greenhouse gas emissions based on EPA eGRID data; (b) MMBTU savings consider all energy commodities; (c) particulate matter (PM) 2.5 reductions consider site (not source) emissions; (d) buildings serving low- to moderate- income (LMI) communities are (i) designated affordable housing by an affordable housing agency or organization, (ii) located in an LMI census tract, and/or (iii) established primarily to serve residents of LMI communities; (e) affordable units greened equals total number of residential units at multifamily buildings serving LMI communities; (f) capital mobilized considers total project cost (or in certain cases, the proportion of total project cost attributed to energy efficiency or clean energy measures) financed in whole or in part by NYCEEC, as well as all or a portion (depending on the role) of total project costs of other projects facilitated by NYCEEC where it serves as an advisor or in another role; (g) lending partnerships include other co-lenders to projects where NYCEEC provides capital; and (h) jobs created (job-years) based on capital mobilized divided by estimates of fiscal stimulus necessary to create one job (per American Recovery and Reinvestment Act of 2009; held constant each year in nominal dollars).
We focus 100% on energy efficiency and clean energy in buildings
We know that climate change poses increasingly urgent health and environmental risks, especially for vulnerable populations. In urban centers, buildings can account for up to 70% of GHG emissions (OneNYC, 2015). There is huge untapped opportunity to reduce GHG emissions by investing in buildings. Private capital must be mobilized at scale to unlock this opportunity and combat climate change.
NYCEEC’s loans help buildings invest in energy efficiency and clean energy to save money, improve the environment and build sustainable communities. We partner with financial institutions like Bank of America, Deutsche Bank, Fannie Mae, Enterprise, CDFIs and affordable housing agencies to build green financing markets. Our transformative market-based strategies can overcome barriers and scale investment.
We are a 501(c)(3) mission-driven lender. We are based in NYC and lend throughout the northeast and mid-Atlantic region. Our focus includes high-impact areas like LMI communities, solar and storage, net zero energy buildings, and scalable products like C-PACE and ESAs. We are partnering with New York City to reduce the City’s GHG emissions 80% by 2050. Together with lending institutions, policymakers and philanthropies, NYCEEC is working to solve the challenge of climate change.