Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments
NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”).
- NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company 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.
- To date, Amalgamated has funded over 21,000 assessments originated by HRF, all of which are senior to the residential mortgages attached to the homes.