1 week ago
HomeFirst Finance Funds ESG-Rated Homes for Sustainable Capital
HomeFirst Finance is helping fund homes that meet ESG standards.
ESG standards look at environmental and social concerns.
The company hopes these homes will attract money from investors who want to support sustainability.
Niyogi said building these homes may not cost much more, especially when the homes are affordable.
Many lower-income borrowers already use ways to save energy.
Lenders and builders could teach them about useful technology and energy-saving methods.
This could make the homes more environmentally friendly and support social goals.
Niyogi said the idea may take time to grow but can work.
HomeFirst Finance is funding homes that receive ESG ratings.
The company hopes ESG-rated housing will attract sustainable capital.
Niyogi said sustainable home construction does not significantly increase costs, especially in affordable housing.
Affordable-housing borrowers are described as socially sensitive and already using energy-saving practices.
Niyogi said lenders and builders can provide technology and know-how to reduce energy consumption, although scaling may take time.
- Who
- HomeFirst Finance and Niyogi.
- What
- Funding ESG-rated homes and considering how sustainable housing can attract sustainable capital.
- Where
- When
- Why
- To support social-impact investment and potentially reduce energy consumption through sustainable housing practices and technology.
Sustainable Housing Case
Scaling Considerations
Cost and feasibility
Sustainable Housing Case
Niyogi believes sustainable homes can be built without significantly increasing costs, especially in affordable housing.
Scaling Considerations
The model may take time to scale, and wider adoption may require lenders or builders to provide basic know-how and technology.
Energy savings
Sustainable Housing Case
Providing technology and guidance could help borrowers reduce energy consumption while supporting social-impact investment.
Scaling Considerations
The article does not provide a contrary position, but indicates that the approach depends on practical support from lenders or builders.
Key facts
- Company
- HomeFirst Finance
- Housing focus
- ESG-rated homes
- Capital objective
- Attracting sustainable capital
- Cost assessment
- Niyogi said sustainable homes do not significantly increase costs, particularly in affordable housing.
- Target borrowers
- Borrowers at the bottom of the pyramid
- Energy practices
- Borrowers are described as already following energy-saving and similar practices.
- Scaling outlook
- Niyogi said the model could take time to scale but is doable.
Quotes
Niyogi
A source discussing the feasibility of sustainable affordable housing and related energy-saving support
“It adds to the purpose of the social impact investment, and if the lender or builder helps provide the basic know-how and technology that helps them reduce energy consumption, that model is doable. It could take time to scale, but it is doable.”
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Sources
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