May 30, 2005—Harvard University has launched a Green Building Loan Fund, a $3 million fund for new construction projects.
This fund will be managed by the Harvard Green Campus Initiative and will provide a financial incentive for the inclusion of high performance building design and technologies in new buildings and building renovations, says Harvard.
The new $3 million dollar revolving loan fund will work along side the existing Green Campus Loan Fund which has financed over 42 conservation projects in existing buildings, generating an average return on investment of 35 percent, says Harvard.
Harvard’s Green Campus Loan Fund provides, from inside the institution, many of the same services that other organizations get by contracting with energy service companies (ESCOs). By providing these services internally, however, the loan fund is building the capabilities and skills of staff.
For more information, visit the Harvard Web site.
