Loan Loss Reserve to Catalyze Clean Energy Financing in NYS Communities

The New York State Energy Research and Development Authority (NYSERDA) requests applications from entities for Loan Loss Reserve/Credit Enhancement support for financing products which support clean energy improvements in residential (1-4 unit) dwellings, small commercial (100 employees or less), not-for-profit and multifamily (5+ unit) buildings (Eligible Properties) located in New York State Communities . The Loan Loss Reserve will provide reimbursement for defined losses on individual transactions. Initial awards to qualified Applicants will be based on the Targeted Building Sector proposed. Applicants need to apply separately for each proposed Sector. Maximum initial awards are as follows: Residential (1-4 unit) Sector: Five hundred thousand dollars ($500,000)Small Commercial Sector: Five hundred thousand dollars ($500,000)Multifamily (5+ unit) Sector: One million dollars ($1,000,000)Not-for-Profit Sector: One million dollars