Bank working on loan program to protect condominium buildings from effects of climate crisis

ST. PETERSBURG —Climate First Bank, which opened its doors earlier this year, is working on loan program that will allow owners to retrofit buildings for protection against what it calls “weather events caused by the climate crisis.”

The St. Petersburg based bank says that when complete, the new program will be aimed at communities that bear the brunt of hurricanes and flooding. The consequences of these kinds of events are saltwater corrosion and other damages to condominium infrastructure, according to Climate First.