New Resource Bank offers incentives for green building projects
As an incentive to developers of “green” commercial or multi-unit residential projects, New Resource Bank of San Francisco will provide a 1/8th percent discount and more money - up to 80% loan-to-value (LTV) - for projects designed and built to green LEED standards. New Resource Bank focuses on financing sustainable resources and attracts like-minded depositors. Among its founding investors is national green building expert Greg Kats, a former DOE official and adviser to the California Green Building Task Force.
