Clean Energy Bond Resources Available Online

WASHINGTON, DC — A number of nonprofit campuses are using clean energy bonds as a method to provide deep energy efficiency or renewable energy installations, as well as reducing deferred maintenance. An informational brief from the Council of Development Finance Agencies explains the purpose of the bonds, terms of use and how bonds can be implemented. 

Bonds are often used in development of projects for the public good, but recently these bonds have been pooled together for multiple purposes: to improve energy efficiency, update water infrastructure, create renewable energy options and update/modernize campus buildings. For eligible nonprofits, this funding source is being used for multiple campus improvement projects.

In addition to the brief, presentation slides from a free webinar also are available to download. The presentation highlights three higher education institutions that have undergone multiple capital projects to improve energy and deferred maintenance, along with addressing the changing needs of the campus. They include:

  • Illinois College (Jacksonville, IL) used Lease Revenue Bonds for its Parker Science Building and Garner Residence Hall. The college had existing $12.97 million in current bonds and took an additional $3.9 million to: upgrade mechanical/electrical systems for a residence hall built in 1954; upgrade chilled water piping in a science building; consolidate utility meters; and install energy efficient lighting and building automation systems campus-wide.
  • Elmhurst College (Elmhurst, IL) is using $25 million for Leadership in Energy and Environment Designed-gold 170-room student housing and “green” surface parking lot featuring permeable paving and national landscaping along with general campus-wide renovations and improvements to increase energy efficiency.
  • Loyola University (Chicago) utilized $92 million to finance significant construction of three student housing projects and campus-wide renovation to improve energy efficiency.

Featured

  • Zurn Releases New Ductile Iron Frame Trench Drain System

    Zurn Elkay Water Solutions recently released the newest addition to its Train Drench portfolio, the Ductile Iron Frame Trench Drain System, according to a news release. The product is designed for heavy-duty applications like airports, military, universities, and more.

  • Howard Community College President Joins National Research Council

    Howard Community College President Daria J. Willis was recently appointed to the American Association of Community Colleges (AACC) Commission on Research and Community College Trends and Issues, according to a news release.

  • Malibu High School Campus Completes $102M Phase 1 of Construction

    Malibu High School in Malibu, Calif., recently announced that it has completed phase 1 of construction for its new campus, a news release reports. The first phase consisted of developing and modernizing the site of a former elementary school into a new, 70,000-square-foot, two-story facility.

  • Fayetteville State University Opens New Residence Hall

    Fayetteville State University (FSU) in Fayetteville, N.C., recently completed construction on a new $50-million residence hall, according to a news release. The university partnered with KWK/Jenkins • Peer Architects on the design of Bronco Pride Hall.

Digital Edition