Boston Community Capital - Energy Advantage Program

Summary

Boston Community Capital, in partnership with Massachusetts Housing Partnership, will investigate the overall effectiveness and cost-efficiency of green housing by funding several developments across the state over a two-year period. Boston Community Capital expects to finance 8-12 projects ranging in size from 50 to about 250 existing housing units. The target savings for projects taking advantage of the program include a 33% reduction of electrical usage through conservation and efficiency and a 20% reduction through on-site generation capacity, a 33% reduction in water usage, and a 25% heating reduction through conservation, high efficiency boilers, and building envelope improvements. In the process, Boston Community Capital seeks to create a model for financers to follow that will allow other developers to include greening of developments in their financing requests. It is anticipated that projects eligible for participation will be selected by early May, but necessary paperwork can be completed by July 1. Improvements on projects can be completed during 2007 and early 2008. For more information, contact Dick Jones at djones@bostoncommunitycapital.org.