Heritage Commons

Capital for Change is committed to environmentally conscious investment and development that results in increased energy efficiency and reduced energy consumption while improving the lives of our residents. Heritage Commons Rental Retirement Community in Middletown provides a complete array of support, recreation, housekeeping and health services to elderly residents living on fixed incomes. The 89-unit, four-story facility, constructed in 1988, needed updating to current energy efficiency and health and safety standards. Because of the existing government financing and the attached restrictions, however, traditional lenders could not finance the improvements. This is just the type of problem that Capital for Change’s Low Income Multi-Family Loan Program (LIME) was designed to solve. Capital for Change, in partnership with the Connecticut Green Bank, was able to provide a loan for $960,000 to add the upgrades. These include new lighting, heat pump replacement, a new gas boiler and rooftop coating that will provide energy savings of more than $100,000 per year.

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