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- Carolyn Ramsden Coordinator, Business Administration and Communications
The Green Campus Loan Fund
What is the Green Campus Loan Fund?
The Green Campus Loan Fund provides capital for high
performance campus design, operations, maintenance and occupant behavior
projects. Basic project eligibility guidelines state that projects must
reduce the University’s environmental impacts and have a payback
period of 5-10 years or less. The model is simple: GCLF provides the up-front
capital. Applicant departments agree to repay the fund
via savings achieved by project-related reductions in utility consumption,
waste removal or operating costs. This formula allows departments to
upgrade the efficiency, comfort, and functionality of their facilities
without incurring any capital costs.
GCLF Receives Top-Level Endorsement
Larry Summers, President of Harvard University, praised the Green Campus Loan Fund for its sound economics as he announced the increase of the available funding intended for further investment in environmentally-responsible efforts on the Harvard campus:
“The best investment in the University is not the endowment but the Green Loan Fund,” said Summers
The loan fund was doubled from $6 Million to $12 Million dollars.
Read the full story, The Harvard Crimson, April 28, 2006
Apply for a Green Campus Loan Fund