Inclusive Prosperity Capital
Catalyst Term Loan (affordable multifamily and non-profit-only)
The Catalyst Term Loan supports energy improvement projects for low- and moderate-income multifamily properties and non-profit customers. The loan is repaid from a combination of energy, water, and maintenance cost savings, which enhances properties’ net operating income and long-term sustainability. This loan provides affordable, unsecured financing for up to 20 years for renovation projects and new construction projects including:
- Energy efficiency, renewable energy improvements, water efficiency, and resiliency
- Performance monitoring and verification
- Health and safety remediation
Solar power purchase agreement
The Solar PPA allows multifamily, small to medium sized businesses, nonprofit, and government customers to go solar for no money down and delivers immediate cost savings and peace of mind from an experienced third-party owner and operator.
- 20-year term solar PPA
- Solar arrays over 50kW to their buildings.
- Saving money from day one with no installation costs or money down
- Hedging against future price increases
- Tax exemptions with no tax liability
- Future option to buy the solar system at fair market value
The clean energy economy is growing, but there is a financing gap that prevents equal access. We believe that the benefits of the clean energy economy should be accessible to everyone and offer predevelopment loans and long term financing for nonprofits and affordable housing, and solar PPAs.
“The partnership between Michigan Saves and Inclusive Prosperity Capital brings the benefits of clean energy to traditionally underserved communities,” said John D’Agostino, Inclusive Prosperity Capital’s managing director. “Our suite of financing options allows us to work together to find the best financing solution for each building owner and project.”
As an authorized Michigan Saves financing partner, Inclusive Prosperity Capital addresses this gap by increasing access to capital for low-to-moderate income communities and non-traditional credits such as nonprofits, government, multifamily properties, and small businesses. Through our suite of financing products and partner network, we reduce the energy burden on residents, and improve the health and resiliency of communities.
Contact
John D’Agostino
Managing Director,
Inclusive Prosperity Capital (IPC)
Phone: 860-257-2333
Email:
Website: inclusiveprosperitycapital.org/financing-solutions/
