Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments
AMALAmalgamated Financial (AMAL) Newsfilter·2024-05-16 04:15

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 ...