Foley Hoag LLP congratulates its client Boston Community Capital (BCC) on being recognized by The White House at its Champions of Change event on April 17, 2014.
The Champions of Change program was created as part of President Obama's Winning the Future initiative. Through this program, the White House highlights individuals, businesses, and organizations whose extraordinary stories and accomplishments positively impact communities.
BCC, along with its CEO Elyse Cherry, was honored for its innovative work to help affordable housing developments, nonprofits, and other institutions serving low-income communities gain access to solar power. According to Cherry, this award recognizes BCC’s standout role in ensuring low-income communities are included in the transition to renewable energy.
BCC has placed over 17,600 photovoltaic panels – totaling 4 megawatts of solar capacity – on the roofs of affordable housing, nonprofit organizations and community facilities, making it one of the largest solar providers for low-income communities in the country. A total of 10 national leaders in the development and promotion of solar power were recognized at the Champions of Change event.
Foley Hoag attorneys Adam Wade, Jonathan Book and Diana Lo previously advised BCC in connection with the development of nine solar projects in Massachusetts, including power purchase agreements, rooftop lease agreements and financing matters related to existing lenders' subordination, non-disturbance and attornment of the solar project companies' lease rights in host property rooftops and other real estate matters. The projects became a part of BCC’s financing for its solar portfolio.