The Works is one of Memphis’ largest nonprofit real estate developers in South Memphis and has a track record of increasing available affordable housing options for residents by removing blight and clearing vacant parcels, rehabbing singlefamily and multifamily housing units, and providing housing policy advocacy work. This enterprise-level investment provides flexible, low-cost capital in Memphis. View Website

Urban Renaissance Partners will finance the first phase of renovating a vacant school building in the South City neighborhood of Memphis. The site will be redeveloped and anchored by an early childhood center, a component of the HUD South City Choice Neighborhoods Initiative (CNI).

This guarantee supports a line of credit available to UCHC to cover advances of Federal rental assistance program funds prior to reimbursement from MI State Housing Development Authority View Website

The St. Bernard Project (SBP) mission is to reduce the time between a disaster and full recovery by rebuilding homes, increasing preparedness and resilience, and improving systems to better serve the needs of all Americans. SBP also works to create solutions for families in need of safe, affordable housing. This guarantee supports its Recovery Acceleration Fund (RAF), which ensures millions of dollars are available annually to help families repair their homes post disaster at no cost. View Website

The HBCU Brilliance Initiative financially supports Historically Black Colleges and Universities (HBCUs). The fund aims to help HBCUs invest in their facilities, financial stability, and long-term growth. The program also seeks to help HBCUs build their networks, policy advocacy, and research to strengthen their relationships with their communities. View Website

PosiGen is a solar panel installation company that offers residential solar and energy efficiency services to low-to-moderate-income homeowners. Kresge's loan will help PosiGen succeed and scale its work in existing and new markets. View Website

The People's Solar Energy Fund aggregates community solar projects in low and moderate-income communities across the country to secure financing at scale with a path to local ownership. These high-impact investments contribute to wealth building, job creation, racial justice, resilience, and a more democratic economy. Kresge's loan will expand availability of pre-development capital of communiy-based solar developers and others. View Website

Opportunity Resource Fund provides loans to create equitable, economic and sustainable opportunities throughout Michigan - one person, one job, one home at a time. OppFund will combine these dollars with other funds in its portfolio to provide single-family mortgages to low and moderate-income individuals and families for home purchases in Detroit. View Website

National Faith HomeBuyers' mission is to expand the American dream of homeownership to everyone. They do this by encouraging, educating and empowering families to take ownership of their lives and develop financially responsible behavior. This loan supports the Detroit Downpayment Assistance Program. View Website

This loan supports the completion of a $125 million flagship project in Midtown Detroit. The project purpose is to build a brand new, green, mixed-use development in Midtown Detroit. View Website

This guarantee benefits New Markets Tax Credits providers and covers construction completion, loan interest payments, and default costs. The Marygrove Conservancy manages operations and stewards the 53-acre Marygrove College campus in northwest Detroit as a resource for high-quality uses in the community. View Website

Greenprint Partners' mission is to use natural techniques to create the sustainable and equitable infrastructure that improves communities and the environment. This loan bridged several government-funded projects. View Website

CEF envisions a future where teams of people in every community are working to produce, manage and wisely use the energy that they need to thrive. They do that by equipping members to build socially-just climate solutions through projects that ensure community ownership, enable participation by households of all incomes and create pathways into the solar workforce for local community members. View Website

CIGP mobilizes new capital for community development finance by investing in three verticals – affordable housing, small business, and climate – through an intentional lens of racial equity and impact. Kresge's 2023 guarantee increased the foundation's total commitment to CIGP to $17 million. View Website

This loan provides financial support for software designed primarily for owners of large portfolios of affordable housing developments, which facilitates building decarbonization planning and execution at the portfolio level. View Website

This loan supports predevelopment financing, working capital and construction financing for solar + storage systems installed on power resiliency centers and community solar, primarily in Orleans Parish or surrounding parishes, as part of the Community Lighthouse project View Website

This program-related investment loan will support IFF and its real estate company, IFF Holdings LLC, as it serves as the development company for up to three early childhood centers in Detroit. Kresge’s commitment will support development costs. View Website

This guarantee will collateralize three loans within the City of Detroit’s HUD Section 108 Guarantee Loan Program portfolio. By satisfying HUD’s requirement for securitization of its guaranteed debt, the City of Detroit can reactivate the program as a financing source for affordable housing and neighborhood development projects. Kresge’s support of the Section 108 program helps unlock tens of millions of low-cost, long-term, flexible federal funding that will finance development in low-wealth neighborhoods. View Website

This equity investment supports MoCaFi, a financial services platform with a philosophy of "financial services as infrastructure," to proliferate cost-effective tools for municipalities and enhance direct support and fund deployment to un/under-banked communities. The investment supports the Health Program's Community Health Ecosystems strategy, which focuses on increasing access to local, community-centered health-promoting services, providers, and opportunities. View Website

The Equitable Prosperity Fund's (EPF) mission is to provide growth capital that is more accessible to BIPOC entrepreneurs and less extractive than alternative sources. EPF investments are designed to help these businesses scale, build owner wealth, and pathways to capital. This fund is managed by Capital Impact Partners, under the umbrella of Momentus Capital. View Website