Green Financing is Available, Just Not From Banks

WASHINGTON, DC-The recession relegated financing for green retrofits to the backburner–at least in terms of public industry discourse–but that doesn’t mean that landlords have abandoned such projects. Most large building owners are pushing forward with energy efficiency projects and even building overhauls by hook or crook, as commercial banks are unable to fund such projects. Panelists at the Urban Land Institute’s annual conference, now in its last day, talked about the problems landlords face–along with their, sometimes, makeshift solutions–in pushing forward with these projects.

One issue is that not all tenants are inspired to seek out such measures, said Cavarly Garrett, vice president at JP Morgan. “We don’t see tenants demanding energy efficiency, but when we take the proactive step of offering a discussion on the subject we see individuals step forward to find out how their companies can participate.”