PosiGen 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 Amount $812,957 program-related investment loan Year 2023 Location New Orleans, Louisiana Program Environment, Social Investment Practice Focus Area
People’s Solar Energy Fund 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 Amount $1 million program-related investment loan Year 2023 Location Albany, NY Program Environment, Social Investment Practice Focus Area
Greenprint Partners 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 Amount $500,000 program-related investment loan Year 2023 Location Chicago, Illinois Program Environment, Social Investment Practice Focus Area
Cooperative Energy Futures 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 Amount $1 million program-related investment loan Year 2023 Location Minneapolis, MN Program Environment, Social Investment Practice Focus Area
Cadence OneFive 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 Amount $500,000 program-related investment loan Year 2023 Location New York, NY Program Environment Focus Area
Together New Orleans 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 Amount $2 million program-related investment Year 2023 Location New Orleans, LA Program American Cities, Environment, Social Investment Practice Focus Area
Working Power Impact Fund This subsidiary of Urban Ingenuity will receive a $1.1 million program-related investment loan to bring community solar to environmental justice groups and affordable housing developments. View Website Amount $1.1 million program-related investment Year 2022 Location Washington, D.C. Program Environment, Social Investment Practice Focus Area
RE-volv This guarantee supports long-term debt financing from a traditional banking institution via a 20% credit enhancement. RE-volv will use the loan from a credit provider benefiting from the proposed guarantee as long-term debt which, together with tax equity, will provide the permanent take-out financing for projects developed with Kresge's related PRI capital. View Website Amount $1 million guarantee Year 2022 Location San Franscisco Program Environment, Social Investment Practice Focus Area
RE-volv This program-related investment loan will provide predevelopment and construction financing for solar systems primarily for houses of worship, especially those in partnership with the Department of Energy, Green the Church (a membership organization of Black churches focused on power building and promoting sustainable practices), and Interfaith Power & Light. View Website Amount $1.5 million program-related investment Year 2022 Location San Franscisco Program Environment, Social Investment Practice Focus Area
Collective Energy Company This guarantee will provide credit enhancement to Capital Fund, a CDFI that specializes in providing financing to community health centers. A loan from Capital Fund will provide Collective Energy with long-term debt, which will help to provide the permanent/take-out financing for projects developed with Kresge's related PRI capital. View Website Amount $1 million guarantee Year 2022 Location Ojai, California Program Environment, Health, Social Investment Practice Focus Area Community Investment for Health Equity
Collective Energy Company Geography Served: National Project: This loan aims to enable Collective Energy to finance predevelopment and construction activities for solar+storage projects at community health centers. View Website Amount $2 million program-related investment Year 2022 Location Ojai, California Program Environment, Health, Social Investment Practice Focus Area Community Investment for Health Equity
Michigan Saves This loan will allow Michigan Saves to carry out a project lending directly to homeowners, small businesses and nonprofits located in low- and moderate-income areas of Detroit for energy retrofitting, building electrification and solar panel installation. The loan will allow Michigan Saves to address a critical market gap, as areas of Detroit and other low-to-moderate income areas of the state do not get their fair share of lending capital for this purpose. View Website Amount $2.5M loan Year 2021 Location Lansing, MI Program Detroit, Environment, Social Investment Practice Focus Area
BlocPower This guarantee supports BlocPower’s goals of increasing energy retrofitting and “electrification” (elimination of on-site fossil fuel combustion) in the most disinvested city neighborhoods by supporting its ability to attract significant capital market investment. The guarantee also will support the first “whole-of-city” approach to these issues through BlocPower’s partnership with Ithaca, New York . View Website Amount $3 million guarantee Year 2021 Location Brooklyn, NY Program Environment, Social Investment Practice Focus Area
Greenprint Partners The purpose of this convertible note is to enable Greenprint Partners to make certain enterprise-level investments such as hiring its first Chief Financial Officer, completing a strategic planning process, and developing new markets. Greenprint’s mission and focus is to bring the benefits of green stormwater infrastructure to communities that are often overlooked and not prioritized for water infrastructure-related investments. View Website Amount $750,000 loan Year 2020 Location Chicago, Illinois Program Environment, Social Investment Practice Focus Area Transforming Urban Systems
PosiGen Geography Served: Louisiana, Connecticut and New Jersey Project: The investment will contribute to the continued growth of PosiGen, as the company works to close the clean-energy-affordability gap by making solar and energy efficiency available to all homeowners. View Website Amount $5 million loan Year 2020 Location New Orleans, Louisiana Program Environment, Social Investment Practice Focus Area Transforming Urban Systems
New York City Energy Efficiency Corp. Geography Served: National Project: Financing Resilient Power Financing Resilient Power is a guarantee facility that will increase climate resilience in low-income communities. Backed by this Kresge guarantee, NYCEEC will make investments in solar + storage and stand-alone solar PV projects in multi-family affordable housing, other supportive housing, commercial facilities and mixed-use projects, among others. View Website Amount $3 million guarantee Year 2018 Location New York, New York Program Environment, Social Investment Practice Focus Area Transforming Urban Systems
City of Baltimore Geography Served: Baltimore, Maryland Project: Baltimore Stormwater Environmental Impact Subordinate Revenue Notes This program-related investment loan supported the purchase of Baltimore Stormwater Environmental Impact Subordinate Revenue Notes from the City of Baltimore. This work is an outgrowth and continuation of grant-funded work with the Chesapeake Bay Foundation (CBF) to advance green infrastructure and innovative financing mechanisms in climate-vulnerable, underserved communities in the Chesapeake Bay Region. The project will include construction of more than 100 green infrastructure sites, which will vastly increase the use of this climate change resiliency measure in Baltimore, where currently there are just a handful of sites. View Website Amount Up to $4 million loan Year 2019 Location Baltimore, Maryland Program Environment, Social Investment Practice Focus Area Transforming Urban Systems
Inclusive Prosperity Capital Geography Served: Northeast and Mid-Atlantic; eventually National Project: Increasing financing for climate resilience Inclusive Prosperity Capital (IPC) addresses the green energy financing gap by increasing access to capital for low-to-moderate income communities and nontraditional credits like nonprofits, faith-based organizations, housing authorities, schools, and small businesses. This guarantee will help IPC attract private capital investments to support its financing of clean energy and other climate resilience projects. Projects will include third-party solar for housing authorities, community facilities, and municipal buildings, and it will also support clean energy for affordable single- and multi-family developments. IPC will also work in partnership with developers operating in underserved markets with technology solutions or business model innovations that have yet to reach adequate scale to attract investment from the capital markets. View Website Amount Up to $10 million guarantee Year 2018 Location Rocky Hill, Connecticut Program Environment Focus Area
Greenprint Partners Fresh Coast Capital (FCC) is a mission-driven project developer that helps cities develop and finance community-focused green storm water infrastructure with intentional community engagement. This program-related investment will provide critical growth capital to FCC, helping the company to accelerate the development of its team, lines of business, and customer base. View Website Amount $750,000 loan Year 2017 Location Chicago, Illinois Program Environment, Social Investment Practice Focus Area
Saint Paul Port Authority Geography Served: Minneapolis-St. Paul, Minnesota Project: Kresge Community Finance Saint Paul Port Authority (SPPA) is a Development Finance Agency (DFA) that works to improve people’s lives by building vibrant economic communities through good paying jobs and property tax revenue. This loan will be used to finance energy-efficiency and renewable-energy projects in low-income communities in Minneapolis-St. Paul. View Website Amount $3 million loan Year 2017 Location St. Paul, Minnesota Program Environment, Social Investment Practice Focus Area