In partnership with leading public and private organizations in the sustainability sector, CFE offers alternative finance for renewable energy and energy efficiency projects. Our unique suite of green lending products includes funding for the following:
Our regional partners in the clean energy space include:
In additional to clean energy projects, CFE seeks to encourage energy efficiency in all of the projects we finance. CFE takes a broad view of energy efficiency and supports best practices in new construction and as well as retrofits to existing in-service buildings.
This project is a multifamily residential complex located in Capitol Heights, a low-income neighborhood included in Prince George’s County Transforming Neighborhoods Initiative.
VNV Development (VNVD) purchased the 44-unit property in 2016. After their acquisition, almost half of the units were vacant. In order to renovate and close these vacancies, City First Enterprises provided a $440,000 subordinated loan to finance VNVD’s ongoing efforts. Each Renovated Unit includes an additional bedroom, LED Lighting, upgraded Energy-Star appliances, granite counters and water-conserving toilets and fixtures.
The renovation also includes a 250 kW solar array. This will cover all roof surfaces as well as the construction of a carport for additional solar panels and it will contribute to a significant reduction in operating expenses.
City First Enterprises is a mission-driven institution working at the intersection of financial innovation and impact investment. To help mitigate economic and racial inequity, CFE capital is put to use by supporting affordable housing, small businesses, increasing access to community facilities for the arts, health, education, and other social services, and to support sustainable living through green energy.
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CFE is an equal opportunity provider.