December 1, 2011 – Enterprise Community Loan Fund announced it has received a $5.5 million low-cost loan and operating grant from Bank of America to expand its energy efficiency and retrofit financing program for affordable rental properties in several locations which may include Baltimore, Boston, Charlotte, N.C., Chicago, Los Angeles, New York, Philadelphia, San Francisco, Seattle and Washington, DC.
“Enterprise is grateful to Bank of America for supporting our efforts with $5.5 million in lending and grant capital. It will allow us to accelerate our green retrofit lending model for affordable housing across the country,” said Lori Chatman, president, Enterprise Community Loan Fund. “This financing includes favorable terms, and once combined with critical services, such as tenant education, the retrofits will produce healthier and more environmentally-sound properties. We’re proud to partner with Bank of America on this effort to improve the existing affordable housing stock.”
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