• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

All Healthy News

Clean Air. Pure Water. Healthy Home.

HEALTH BEGINS WITH:
Clean Air. Pure Water. Healthy Homes.

  • Home
  • About/Contact
  • HEALTH NEWS/TRENDS
  • CLEAN AIR
  • HEALTHY HOME
  • PURE WATER

Kresge issues $3M loan to Inclusive Prosperity Capital to support clean energy upgrades

May 11, 2022 by Staff Reporter

Inclusive Prosperity Capital, Inc. (IPC) announced that it raised $13 million in program-related investments (PRI) from the John D. and Catherine T. MacArthur Foundation, McKnight Foundation, and The Kresge Foundation to support the capitalization and deployment of accessible clean energy upgrades across the nation.

Created in 2018, IPC’s mission is to ensure everyone has access to the benefits of clean energy. IPC’s programs and products are designed to serve historically marginalized communities and other underserved markets – nonprofits, faith-based institutions, small-to-medium commercial businesses, affordable multifamily housing, and credit-challenged and lower-income homeowners.

The foundations have provided IPC with a combined $13 million in PRI, including a $3-million loan from Kresge’s Social Investment Practice in partnership with the Environment Program. PRIs are critically flexible and catalytic capital support and give IPC the opportunity to expand the depth and breadth of its investing platform. IPC intends to blend the PRI money with other private and public capital to create a unique investment platform for underserved markets.

“Kresge has invested in IPC from the beginning,” said Portfolio Director and Social Investment Officer Joe Evans, “because we believe in its unique mission. We’re excited to make this additional capital available to them in partnership with new investors.”

Inclusive Prosperity Capital CEO Kerry O’Neill said, “Foundation investors like these are at the core of our ability to deliver on our mission. Without low-cost PRI investment, we’re less likely to be able to provide a loan for an affordable multifamily building to install heat pumps and improve indoor air quality, or to help a community center or house of worship in an underserved community go solar and see significant savings on their bills, or to help low-income homeowners make green improvements that reduce their energy burdens. We are so grateful to Kresge, McKnight, and MacArthur, who have helped us streamline the capital raising process from this critically important sector. The need for catalytic capital is only growing, and it’s how we’ll ensure everyone has access to the benefits of clean energy.”

View the full press release here.

 



Originally Appeared Here

Filed Under: CLEAN AIR, KAIRE Kentuckiana Air Education

Primary Sidebar

Reduce 99.9% of airborne SARS-CoV-2 Virus

Vollara ActivePure Technologies


News from the EPA

How to Know a Tick Carries Disease in KY

Pollen seasons are becoming longer and more extreme | Opinion

Evidence of Foul Play in Death of Woman on Billings South Side

New Zealand’s highest rooftop bar opening in June at Voco Auckland City Centre

Airthings releases the Breathe Better Report: Airthings Sustainability Journey 2021

UV Angel Clean Air Technology Installed At Senior Residential Facility

Leesa vs Casper: which is the best memory foam mattress for your sleep?

New Federal Legislation Would Provide Tax Breaks for IAQ Upgrades

6 Tips on How to Care for Your Air Plant (Tillandsia species Infographic)

How Far Can Wildfire Smoke Travel? – Smart Air

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · ALL HEALTHY NEWS . Log in