NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. ("Amalgamated" or the "Company") (NASDAQ:AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy ("R-PACE") assessments through its ongoing partnership with Home Run Finance ("HRF"). Amalgamated's commitment provides an additional $85 million of capital to fund R-PACE assessments originated by HRF. Priscilla Sims Brown, President and Chief Executive Officer, commented, "We are pleased to extend our commitment to invest in R-PACE financial solutions. As concerns about environmental sustainability and access to affordable home improvement financing continue to mount, we are proud to expand our partnership with Home Run Finance and lead by example within the R-PACE industry." PACE financing is a form of voluntary tax assessment that property ...