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

This guarantee supports a line of credit to be used to complete construction on the Liberal Arts building, which houses the Marygrove middle and high school classes. It also covers costs to begin construction on the Immaculata building, which will house the elementary program. View Website

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

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

A CDFI, Seed Commons specializes in financing worker-owned cooperatives via non-extractive financing. This program-related investment loan will allow them to expand lending capacity. Seed Commons operates akin to a “fund of funds” model wherein it provides capital for mission-aligned loans made by a network of local community organizations. View Website

Edquity addresses the ongoing issue of students dropping out of college due to a financial emergency of less than $500 by offering the only end-to-end emergency aid platform in the market. It provides colleges and universities a way to increase the retention of their most at-need students by improving the efficacy of emergency cash assistance programs. View Website

Invest Detroit Foundation will partner with Kresge to build a new $11 million fund that will focus on providing minority-led development firms with the balance sheet equity needed to build their development firms. The Fund will also provide technical assistance to accelerate a developer’s ability to scale and create greater economic impact in the City of Detroit. View Website

The Memphis Medical District Investment Fund seeks to remedy the appraisal gap in mixed-use commercial real estate in the market by forward-committing permanent financing based on a loan-to-cost ratio paired with a flexible construction loan. The goal is to pull forward what would be15-20 years of development in the district into the next 5-7 years. View Website

This guarantee helped to facilitate the flow of rental assistance to qualifying Detroit households to ensure more Detroiters are able to access the Federal COVID-response funding and stay in their homes. View Website

This guarantee will support, in part, a pooled fund that will provide Detroit CDFIs with liquidity that enables them to initiate new lending. Detroit Small Business Recovery Fund (DSBRF) is a new emergency response loan program designed to support Detroit small businesses and nonprofits as they reopen, stabilize, and grow after COVID-19. The program leverages and combines existing infrastructure, networks, and relationships within Detroit’s CDFI community to build a scalable source of financing for participating partners. View Website

This program-related investment loan will allow the Fresno Housing Authority the flexible capital needed to pursue a robust pipeline of Low Income Housing Tax Credit projects in Fresno between 2020 and 2022 and to test new ideas and objectives, including Black homeownership, motel conversion, and Naturally Occurring Affordable Housing (NOAH). View Website

The Affordable Housing Leverage Fund (AHLF) is a partnership between the City of Detroit Housing & Revitalization Department,, the Local Initiatives Support Corporation (LISC), and the Michigan State Housing Development Authority (MSHDA) to provide affordable housing developers and owners with streamlined access to financial tools that are specifically designed to address housing challenges in Detroit neighborhoods. AHLF is expected to deploy $250 million into the preservation of 10,000 units of existing affordable housing and the development of 2,000 units of new affordable housing. View Website

This guarantee backs a loan provided by the Northern Trust company to facilitate a New Markets Tax Credit transaction to finance the construction of an early childhood education center on the Marygrove campus. In addition, Kresge will provide certain guarantees to the New Markets Tax Credit Lenders (Cinnaire, Capital Impact Partners, and McCormick Baron Salazar) to cover construction completion; loan-interest payments; and costs of default. View Website

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

This program-related investment loan to Bridgeway Capital will allow the organization to partner with the University of Pittsburgh Medical System (UPMC) to increase the supply of affordable housing in four Pittsburgh neighborhoods. The investment is part of a partnership with the Robert Wood Johnson Foundation and The Center for Community Investment's Accelerating Investments for Healthy Communities program. View Website

This program-related investment loan will allow National Student Clearinghouse to invest in new systems and technological infrastructure, enabling it to enhance current products, add new offerings, reduce costs and increase earned revenue. The National Student Clearinghouse data follow individuals throughout their academic journeys, making it possible to determine student persistence and graduation as students transfer between colleges or accumulate credits at a variety of institutions. View Website