Treasurer McCord, National Experts Call Home Energy Efficiency Loan Sale a Milestone for Attracting Private Capital, Creating Secondary Market
$31 million sale reflects quality of PA’s loan portfolio; provides model for private sector investment in residential energy efficiencyHarrisburg – The Pennsylvania Treasury recently sold several thousand loans made through its nationally recognized Keystone Home Energy Loan Program, according to State Treasurer Rob McCord. The sale, one of the first of its kind in the country, also marked an important milestone in national efforts to develop a secondary market for such loans. A secondary market is seen by many industry experts as a critical step in making low-cost capital readily