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Stock impact report

Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments [Yahoo! Finance]

Amalgamated Financial Corp. (AMAL) 
Last amalgamated financial corp. earnings: 4/30 06:25 am Check Earnings Report
Company Research Source: Yahoo! Finance
has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”). Amalgamated's commitment provides an additional $85 million of capital to fund R-PACE assessments originated by HRF. Priscilla Sims Brown, President and Chief Executive Officer, commented, “We are pleased to extend our commitment to invest in R-PACE financial solutions. As concerns about environmental sustainability and access to affordable home improvement financing continue to mount, we are proud to expand our partnership with Home Run Finance and lead by example within the R-PACE industry.” PACE financing is a form of voluntary tax assessment that property owners can use to finance 100% of eligible energy efficiency, renewable energy, and resiliency improvements. PACE provides homeowners with long term, fixed-rate financing that is repaid along with the property's real estate taxes. To date, Amalgamated has fun Show less Read more
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