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Social Investments Made

A database of all social investments made since 2009. We update this listing several times a year as new investments are committed.

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Inclusiv

This guarantee supports a program designed to help smaller and mid-sized community development credit unions enter the climate-finance space by making it easier for them to participate in climate-finance loan pools from Inclusiv. Inclusiv helps low- and moderate-income communities achieve financial independence through credit unions. View Website

Amount

$3 million guarantee

Year

2024

Location

New York, New York

Program

Environment, Social Investment Practice

Focus Area

Inclusive Prosperity Capital

Inclusive Prosperity Capital (IPC) works to ensure all communities—especially those historically underserved—can access clean energy benefits. IPC finances projects for nonprofits, faith-based groups, small businesses, affordable housing, and lower-income homeowners. Kresge’s guarantee provides credit support for CDFIs buying into the fund, helping them overcome risk concerns and easing their path into the market. View Website

Amount

$2 million guarantee

Year

2024

Location

Rocky Hill, Connecticut

Program

Environment, Social Investment Practice

Focus Area

Inclusive Prosperity Capital

Inclusive Prosperity Capital (IPC) works to ensure all communities—especially those historically underserved—can access clean energy benefits. IPC finances projects for nonprofits, faith-based groups, small businesses, affordable housing, and lower-income homeowners. Kresge’s equity investment offers flexible, catalytic capital that IPC will blend with public and private funds to scale clean energy investments in underserved markets. T View Website

Amount

$2 million equity investment

Year

2024

Location

Rocky Hill, Connecticut

Program

Environment, Social Investment Practice

Focus Area

Cap Solar

Cap Solar identifies potential clients, puts together a pipeline of investment-ready solar projects, and arranges financing and installation. Cap Solar ensures that its fellow nonprofit clients get the maximum savings from their solar installations. Kresge's $1.5 million loan to Cap Solar supports predevelopment and construction capital. View Website

Amount

$1.5 million Loan

Year

2024

Location

Hackensack, NJ

Program

Environment, Social Investment Practice

Focus Area

Green the Church

The Green The Church Redevelopment Fund (GTCRED) is a Black faith-led initiative that mobilizes church-owned property for community revitalization and climate resilience. With Kresge’s investment, GTCRED will provide predevelopment and acquisition capital for faith communities seeking to transform underutilized land into housing, community centers, and clean energy projects. This investment will help GTCRED move its first wave of projects forward while positioning the fund to raise additional capital and scale its impact. This loan will be utilized as pre-development and construction financing for solar, solar+storage, and EV-charging systems installed on buildings owned or leased by members of Green the Church. View Website

Amount

$3 million program-related investment loan

Year

2024

Location

Oakland, CA

Program

Environment, Social Investment Practice

Focus Area

Green the Church

The Green The Church Redevelopment Fund (GTCRED) is a Black faith-led initiative that mobilizes church-owned property for community revitalization and climate resilience. With Kresge’s investment, GTCRED will provide predevelopment and acquisition capital for faith communities seeking to transform underutilized land into housing, community centers, and clean energy projects. This investment will help GTCRED move its first wave of projects forward while positioning the fund to raise additional capital and scale its impact. This guarantee will provide credit support to a longer-term capital provider, who will provide the "take-out financing" for systems constructed with Kresge loan proceeds. View Website

Amount

$1 million guarantee

Year

2024

Location

Oakland, CA

Program

Environment, Social Investment Practice

Focus Area

Collective Energy Company

Collective Energy focuses on designing and implementing clean energy solutions, particularly for health centers, to ensure reliability and resilience. Kresge's $3 million guarantee help demonstrate how the new transferability of federal investment tax credits can support community projects and support long-term capital needs. View Website

Amount

$3 million guarantee

Year

2024

Location

Ojai, California

Program

Environment, Social Investment Practice

Focus Area

Clean Energy Credit Union

Clean Energy Credit Union (CECU) offers a range of consumer climate-finance products for appliances, EVs, energy efficiency, heat pumps, solar panels, and related products. In partnership with Inclusiv, this $2 million program-related investment loan intends to accelerate the timeline in which community development credit unions enter the climate finance space and expand its solar and other climate-related lending in underserved communities. View Website

Amount

$2 million program-related investment loan

Year

2024

Location

Englewood, CO

Program

Environment, Social Investment Practice

Focus Area

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 logo with words in purple and an orange, white and purple geometric icon

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

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