Giving Compass’ Take:
• LISC collaborated with partners to provide a $1.2 million loan to bring solar energy to twelve affordable housing communities in D.C.
• Solar energy helped reduce costs on affordable housing communities. How can this solution be expanded?
• Read about the African advantage in Solar Energy.
This week, LISC D.C. helped inaugurate a visionary—and commonsense—solar energy installation project that will bring green power and income to 12 affordable housing communities in the nation’s capital.
The solar panels are owned and operated by Community Preservation and Development Corporation (CPDC), a veteran affordable housing group in D.C. and a subsidiary of Enterprise Community Partners. The panels were installed at CPDC-run apartment complexes housing some 2,200 units. Residents, all of whom live at 30 to 80 percent of A.M.I., include seniors, families and residents with disabilities. The project will reduce utility bills for common areas, elevators and lighting.
Solar for All projects, such as this one, not only increase access to solar for people living in affordable housing and reduce carbon emissions, but also create green jobs.
Read the full article about solar power helps affordable housing keep costs down at LISC.
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