Berkshire Hills allocates $100M sustainability bond proceeds to housing, green buildings, inclusion

Beacon Financial Corp

41% ($41M) allocated to 330 affordable/workforce housing units in MA, NY, CT for households at or below 60-80% AMI.
33% ($33M) for green building projects (>200K sq ft) targeting LEED Gold/Platinum, Net Zero, or top 15% emissions performance.
26% ($26M) to financial access/inclusion: small business lending in low-moderate income and majority-minority census tracts.
Bond issued June 2022: $100M 5.50% fixed-to-floating subordinated notes due 2032, rated Baa3 by Moody's.
First US community bank under $150B assets to issue a sustainability bond, verified by Sustainalytics aligned with ICMA guidelines.

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