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

Kresge’s loan to the Downtown Detroit Partnership (DDP) will bridge reimbursable grants from the U.S. Department of Transportation and the State of Michigan to support DDP’s I-75 Overbuild project. The project aims to evaluate how the I-375 and I-75 redesign can mitigate disruption, boost economic opportunity, and guide equitable land use. DDP will develop recommendations rooted in community input, with a focus on equity, climate-responsive design, and long-term sustainability. The broader goal is to advance restorative economic justice and position Detroit as a city where infrastructure investments support inclusive growth and population retention. View Website

Invest Detroit Foundation focuses on collaborative revitalization efforts and programs in greater downtown Detroit and economic growth in city neighborhoods. Kresge's loan furthers the Detroit program’s multi-year effort to grant-fund the commercial revitalization of the Live6 neighborhood. View Website

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

The HBCU Brilliance Initiative was created and designed to recognize the rich legacy and invaluable contributions HBCUs and their alumni have made to the American education system and society. The HBCU Building Readiness Pilot Fund (“Pilot”) was launched to bolster the “readiness” of HBCUs for community anchor-work strategies by enhancing their financial and operational capacity. The low-cost capital generated through the Pilot will address critical conditions related to physical assets and support solar installation. View Website

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

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

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

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

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