As with any successful venture, financing is an important component
of green development. This section provides links to a variety
of resources that address green development financing and related
Fannie Mae, the nation's largest source of financing for
home mortgages, has several mortgage finance options that capture
emerging market opportunities while addressing environmental
concerns, such as energy- and resource-efficient design and
construction, smart growth, sustainable communities, and emissions
Supports sustainable metropolitan prosperity through its
community development lending, brownfield redevelopment, growth
management, and inner city revitalization.
This innovative bank lends to small businesses in the Pacific
Northwest and provides information on conservation improvements
that can increase a borrower's bottom line and the value of
their business. Shorebank Pacific assists borrowers in using
energy efficiently, reducing waste and pollution, conserving
natural resources, and optimizing profitability.
Development Financial Institutions
Community development loan funds are nonprofit, unregulated
intermediaries that pool investments and loans provided by individuals
and institutions at below-market rates to further community
development, typically financing the housing and economic development
projects of community development corporations and other community-based
Publications and Tools
Green Buildings Toolkit
This printed directory describes major grants, loans, and green
manufacturing donor sources. Also includes a strategic planning
checklist for developing a capital campaign, sample grant application
components, green development-related technical resources &
Estate Development: Principles and Process - Urban Land
Though not focused on Green Development, this ULI classic textbook
provides an excellent overview of the fundamentals of real estate
development finance that must underlie any project.
Green Building Re$ource Guide (PDF)
Encourages green development by serving as a clearinghouse of
funding resources, thereby simplifying the process of financing
green building design and construction projects. Lists funding
opportunities from various sources, with special attention given
to programs that focus their efforts in the Great Lakes states
covered by U.S. EPA Region 5 (Illinois, Indiana, Michigan, Minnesota,
Ohio and Wisconsin).
Vision with Capital: Challenges and Opportunities for Financing
Smart Growth (PDF)
This report from the Research Institute for Housing America
provides a comprehensive look at obstacles facing smart growth
projects and what the two essential parties--local government
and the real estate finance community--can do to make smart
Change: The Financial Community, Eco-Efficiency and Sustainable
By Stephen Schmidheiny and Federico Zorraquin
At first glance, this book would seem more in the realm
of bankers or investors. However, it is highly recommended to
design professionals, as buildings and other development projects
are capital-intensive undertakings. Although focused on large-scale
developments and the industrial sector, the book seems equally
appropriate to residential, small commercial or institutional
Development: Integrating Ecology and Real Estate
Serves as a comprehensive guide to all aspects of sustainable real estate development.
Chapter 8 of the book focuses on financing. Produced by the Rocky Mountain Institute. A
companion CD ROM also is available.
and Private Initiatives in Sustainable Building and Development
A list compiled by the Development Center for Appropriate Technology
of agencies and organizations with an interest in supporting
green development efforts.
Brownfield Redevelopment Projects: A Guide for Developers
An EPA guide that provides information on brownfields financing
issues and informs developers and property owners on the most
crucial aspects of financing brownfields redevelopment: identifying
potential financing sources, preparing project plans, approaching
private lenders, minimizing the financial risks associated with
liability, and understanding the site assessment and cleanup
Guidebook of Financial Tools: Paying for Sustainable Environmental
This U.S. EPA guide provides a reference work intended to
provide an overview of a wide range of ways and means that are
useful in paying for sustainable environmental systems. It is
divided into 10 sections, presenting outline information on
approximately 250 financial tools. Primary sections include
means of raising revenue, borrowing capital, enhancing credit,
creating public-private partnerships, and ways of providing
Growth Network's Economics Resources
Provides access to a range of articles and resources for financing
smart growth projects including brownfield development and urban
Sustainable Building Technical Manual
Chapter VII reviews sustainable building financing issues and
opportunities for local governments, as well as future green
building issues and trends.
Links: Turning Conservation Dollars into Smart Growth Opportunities
A report from the Environmental Law Institute that links conservation
funding with techniques to promote smarter growth and compatible
development on nearby lands.
Rake in the Green by Being Ecologically Aware"
Boston Business Journal describes how banks have instituted
programs meant to promote environmentally sound practices internally,
while lending departments have brought on environmental advisers
to help assess prospective loans, contaminated collateral and
This article in Capital Xchange web-based finance journal explores
some of the reasons that new urbanism, smart growth, and sustainable
developments have had difficulty attracting conventional financing,
and makes recommendations for measuring the value of progressive
of America and the Urban Land Institute Partner on Smart Growth"
Bank of America issued a press release on its $200,000 committment
to the Urban Land Institute (ULI) to foster more informed and
collaborative efforts among Smart Growth Stakeholders.
Bank in NW Supports Green Initiatives"
An article from American News Service profiles ShoreBank
Pacific's efforts to underwrite ecological business development
in the Pacific Northwest.
and Sustainability section of the Smart Communities
Network contains additional information applicable to Green
Last updated: April 20, 2004
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