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

The Chicago Trend Real Estate Fund (TREF) is a close-ended fund established to build wealth for BIPOC communities and community voice via the acquisition of community based, service-oriented shopping centers, retail corridors and new real estate across the United States with particular focus in the Midwest, Mid-Atlantic, and Southeastern regions. View Website

This investment supports TruFund’s Impact Developers Fund (IMD), which was established to support BIPOC and women-owned housing developers across the U.S. who lack access to affordable capital and support from conventional sources. IDF aims to build and support the ecosystem of BIPOC and women-owned housing developers by providing critical balance sheet equity capital and technical assistance. View Website

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

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

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

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

This loan aims to enable Collective Energy to finance predevelopment and construction activities for solar+storage projects at community health centers. View Website