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Community Preservation Corp to administer $250M NY climate fund
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Description
New York State selected the Community Preservation Corporation to administer its $250 million Climate Friendly Homes Fund aimed at decarbonizing and electrifying about 10,000 units in small multifamily buildings in low- and moderate-income communities. CPC will oversee deployment of capital and coordination with lending partners.
Contract Details
Contract Amount
$250 million fund to administer
Vendor
COMMUNITY PRESERVATION CORPORATION
Agency
NJ Economic Development Authority, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
March 1, 2023
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