{"id":1004085592,"date":"2013-10-22T08:26:06","date_gmt":"2013-10-22T16:26:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004085592"},"modified":"2022-12-06T18:36:12","modified_gmt":"2022-12-07T02:36:12","slug":"the-lineup-new-york","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-lineup-new-york\/","title":{"rendered":"The Lineup: New York"},"content":{"rendered":"<p>To be administered by New York State Energy and Research Development Authority (NYSERDA), New York\u2019s soon-to-launch $1 billion green bank will look to enhance private credit and round out capital stacks when lenders are unwilling to cover entire project costs.<\/p>\n<p>In September, NYSERDA formally requested the bank\u2019s first round of capitalization funds, amounting to about $165 million in previously uncommitted tax revenues, from the Public Service Commission.<\/p>\n<p>The state bank will aim to help facilitate markets for credit-enhanced bonds backed by pooled clean-energy loans. Warehousing such loans before securitization will help standardize loan terms \u2013 and will also help get this generally longer-term debt to institutional and other investors comfortable with these extended durations.<\/p>\n<p>Recent legislation likewise authorizes NYSERDA to underwrite energy-efficiency improvement loans to be repaid through utility bills. While this may well be the most substantial on-bill repayment program launched in any state so far, New York\u2019s program would at least initially be limited to apartment properties, small-business accounts and single-family homes.<\/p>\n<p><em>\u2013 Brad Berton<\/em><\/p>\n<p><em><a href=\"https:\/\/www.commercialsearch.com\/news\/in-print\/the-lineup\/\">View information<\/a>\u00a0on how other states have approached green retrofit financing.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To be administered by New York State Energy and Research Development Authority (NYSERDA), New York\u2019s soon-to-launch $1 billion green bank will look to enhance private credit and round out capital stacks when lenders are unwilling to cover entire project costs. In September, NYSERDA formally requested the bank\u2019s first round of capitalization funds, amounting to about&hellip;<\/p>\n","protected":false},"author":755,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004085592","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Lineup: New York - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/the-lineup-new-york\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Lineup: New York\" \/>\n<meta property=\"og:description\" content=\"To be administered by New York State Energy and Research Development Authority (NYSERDA), New York\u2019s soon-to-launch $1 billion green bank will look to enhance private credit and round out capital stacks when lenders are unwilling to cover entire project costs. 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