June 26, 2013 - Bostonia Receives CDFA Excellence in Energy Finance Award for Pennsylvania Keystone HELP Energy Efficiency Transaction
Bostonia Partners received the CDFA Energy Finance Award for structuring and executing a secondary market sale of a portfolio of energy efficiency financing instruments from the Pennsylvania Keystone HELP program.
Bostonia’s innovative structuring and execution of this transaction provided the Treasury with access to private sector capital from community banks that allows Treasury to continue to invest in Keystone HELP. Previously restricted by limited attractive financing options, the consumer energy efficiency market now has a model for scaling pools of consumer loans to access private capital to fund both secondary market sales and “new money” programs. The collaboration among the Treasury, AFC First, Rockefeller, the community banks and Bostonia exemplifies the essence of Public-Private Partnerships and illustrates a compelling success story of the public sector creating community improvements through creative access to private sector capital.
The CDFA Excellence in Development Finance Awards recognize outstanding development finance programs, agencies, leaders, projects and success stories. These awards, presented annually at the CDFA National Development Finance Summit, honor excellence in the use of financing tools for economic development, as well as the individuals who champion these efforts.
For more information, please see Pennsylvania Treasury press release.