ICAST’s affiliated organization, TBL Fund, recently received an award from the U.S. Dept. of Energy (DOE) for deploying innovative decarbonization financing solutions that go beyond current market practices. If you require a Bridge Loan or other financial assistance to cover the construction expenses of your solar and storage, beneficial electrification, or other clean energy project for your low-income multifamily housing property—TBL Fund can help.
TBL(Triple Bottom Line) Fund is a 501c3 nonprofit Community Development Financial Institution (CDFI) that provides funding and technical assistance for clean energy deployment in multifamily affordable housing (MFAH) and disadvantaged communities (DACs). It leverages its market expertise to develop custom financing solutions, including:
- Power Purchase Agreements
- Energy Performance Contracts
- Bridge Financing
- Energy-as-a-Service
- Property Assessed Clean Energy
- Debt
- Tax Equity
Nationwide, there is a lack of financiers who understand energy financing (vs. traditional debt), which disproportionately impacts MFAH—a historically underserved market.
However, TBL Fund is a national leader in crafting innovative financing solutions for this segment, evidenced by its recognition as a “Climate Finance Innovator” through DOE’s Better Buildings Challenge. Further, it is enhancing its existing offerings by exploring the many opportunities through the Bipartisan Infrastructure Law and Inflation Reduction Act, signed into law in 2021 and 2022, respectively.
TBL Fund is determining how to braid its products with financial resources such as the expanded solar and storage Investment Tax Credit, the DOE’s new Home Energy Rebate Program funds, the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, and others. It recently started offering bridge financing so that its clients could get their projects off the ground and repay the loans once the various federal incentives were paid to the project.
Learn more about TBL Fund and its work with ICAST here.
About ICAST
ICAST is a 501c3 nonprofit with a history of designing, launching, managing, and scaling programs to benefit underserved communities. Its focus is delivering clean energy upgrades to low- and moderate-income households living in MFAH and DACs.
