The Project
NYCEEC provided a $700,000 loan to Dextall, an innovative company that produces unitized prefabricated exterior wall systems with the goal of accelerating decarbonization by creating affordable and efficient solutions for retrofitting buildings. NYCEEC’s loan helped to finance the costs to manufacture and ship Dextall’s panels for installation at a retrofit project at The Heritage in the East Harlem neighborhood of New York City.
The Heritage is owned by L+M Development Partners, one of the largest affordable housing developers in the U.S. The building is currently under a 40-year regulatory agreement to preserve long-term affordability…