Capital Good Fund and its nonprofit subsidiary America Bright are piloting a "safe harbor" financing model that helps community-based solar and resilience hub projects secure eligibility for the federal Investment Tax Credit. Kresge's PRI loan will help the fund pre-purchase solar and storage equipment for community-serving buildings, keeping clean-energy incentives accessible to the communities they are meant to serve. View Website

The Louisiana Clean Energy Fund is a newly established clean-energy community development financing intermediary working to close persistent gaps in access to clean-energy financing. Kresge's PRI loan, alongside a grant from the Baton Rouge Area Foundation, will support the fund's first two community solar projects in New Orleans for low- and moderate-income households and help it attract additional capital to scale statewide. View Website

Ryter Cooperative Development is a Detroit-based, Black-owned clean-energy developer working at the intersection of solar, storage and community wealth building. Kresge's PRI loan will finance solar and battery storage projects benefiting Detroit neighborhoods, including installations at Detroit People's Food Co-op, Dream of Detroit, Walker-Miller Energy Services and Eastside Community Network. View Website

The Acquisition Bridge Fund, sponsored by the National Community Stabilization Trust, helps pre-approved homebuyers compete with cash investors in a tightening market. Kresge's PRI loan provides flexible capital so owner-occupant buyers in Detroit can stay competitive. View Website

RePurpose Capital transforms underutilized commercial buildings in historically disinvested communities into community-serving spaces through adaptive reuse projects that prioritize decarbonization and preserve cultural value. Kresge's PRI loan supports a pipeline sourced through the African American Cultural Heritage Action Fund, reaching across the foundation's environment, arts and culture, American cities and Detroit program areas. View Website

The Kresge Foundation’s guarantee to the National Equity Fund (NEF) will support solar energy installations on affordable housing developments across the United States. This guarantee will protect against the recapture risk of investment tax credits that will be transferred to NEF from project sponsors under the transferability provision introduced by the Inflation Reduction Act (IRA). This syndication model of “direct transfer” credits will be the first of its kind, unlocking the ability of institutional capital to reach smaller-scale solar projects that represent a significant opportunity for renewable energy adoption in underserved communities. View Website

This PRI supports the final portion of Marygrove’s P-20 campus plan inclusive of Florent Gilet dorms and Madam Cadillac Hall where the University of Michigan LEAPS programs are housed. View Website

Develop Detroit Inc. (DDI) is a real estate developer working in the affordable housing space. This guarantee supports DDI's partnership with the Hive, a 78 unit affordable apartment complex located in Detroit’s I-375 Black Bottom Gateway. The PRI loan supports DDI's real estate development operations, including stabilization of affordable apartment units comprising the Hive project. View Website

National Faith Homebuyers administers Detroit's Down Payment Assistance Program, helping primarily Black families access homeownership through Community Development Block Grant funds. Kresge's PRI loan provides liquidity to bridge reimbursement delays tied to the federal funding View Website

The Fresno Housing Authority develops and preserves affordable housing across Fresno County, including in high-opportunity neighborhoods. Kresge's PRI, made through the agency's Housing Relinquished Fund Corp. alongside a $10 million investment from The California Endowment, provides flexible capital for its affordable housing pipeline and resident empowerment strategies. View Website

Opportunity Resource Fund is a Detroit-based CDFI and an important lending intermediary in the Live6 neighborhood, where rising property values bring both opportunity and pressure for residents. Kresge's guarantee and PRI loan provide low-cost capital that will help the fund grow and expand access to home and business ownership along the corridor. View Website