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Category(ies):

Financial - Consulting & Other Services

 
Issue Date: 08/04/2020 Contract Number: PON 4378

Solicitation Name Loan Loss Reserve to Catalyze Clean Energy Financing in NYS Communities


Description:

Description of goods to services to be bid:

Program Summary
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. 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: Five hundred thousand dollars ($1,000,000)

 

If changes are made to this solicitation notification will be posted on NYSERDA’s website at:  http://www.nyserda.ny.gov/funding-opportunities

Eligibility/Qualifications Requirements/Preferences:

Applicant Eligibility Requirements
By submitting an application hereunder, Applicant hereby represents to NYSERDA, as of the date of its application and on the date that it is approved as a Finance Provider: Applicant is (i) a Financial Institution as defined herein, or (ii) a non-Financial Institution that is authorized to do business in New York State and fulfills each of the requirements set forth in Section VI hereof; and (iii) is not currently receiving financing support through the NY Green Bank.

Due Date: 12/30/2020 3:00 PM

Contract Term: N/A

Location: New York State

Ad Type: General


Technical contact:     NYSERDA
Financing Solutions
NYC
John Joshi
Director of Financing Solutions
1359 Broadway, 19th Floor
New York, NY 10018-7842
United States
Ph: 212-971-5342 ext.3636
Fax: 518-862-1091
john.joshi@nyserda.ny.gov

Primary Contact:     NYSERDA
Financing Solutions
NYC
John Joshi
Director of Financing Solutions
1359 Broadway, 19th Floor
New York, NY 10018
United States
Ph: 212-971-5342 ext.3636
Fax: 518-862-1091
john.joshi@nyserda.ny.gov

Secondary contact:     NYSERDA
Contract Management
Albany
Venice Forbes
Assistant Contract Manager
17 Columbia Circle
Albany, NY 12203-6399
United States
Ph: 518-862-1090 ext.3507
Fax: 518-862-1091
venice.forbes@nyserda.ny.gov
Secondary contact:     NYSERDA
Contract Management
Albany
Jillina Baxter
Office Manager
17 Columbia Circle
Albany, NY 12203-6399
United States
Ph: 518-862-1090 ext.3418
Fax: 518-862-1091
jillina.baxter@nyserda.ny.gov