Better Buildings, an initiative of the Department of Energy that drives energy efficiency innovation across the nation, recently published its 2024 Progress Report. The report discusses the innovations in many sectors, notably financing, that drive the Better Buildings mission forward. TBL Fund is recognized in the report as a Climate Finance Innovation Award winner, an award given to Better Buildings …
TBL Fund is excited to announce that it was recently awarded a $100,000 grant from the Wells Fargo Foundation to expand its decarbonization and energy efficiency efforts for Tribal Communities. These funds will contribute to our efforts with the New Mexico Department of Indian Affairs in creating a sustainable energy program aimed at providing access to clean energy, energy efficiency, …
Recent thought leadership in green financing suggests that collaboration between organizations, particularly across silos, is the key to achieving climate goals, scalable and replicable projects, and deep energy retrofits in America’s aging multifamily housing supply. Organizations from the Department of Energy to the American Council for an Energy-Efficient Economy vouch for this idea, emphasizing the need for diverse skillsets and …
The disadvantaged and underserved communities TBL Fund serves have long faced disproportionate barriers to accessing funding for their green projects, whether in terms of capital, resources, or expertise. For example, a 2023 report from the Dept. of Energy (DOE) notes that Tribes have a “an unmet need for project grant funding, technical expertise, and internal capacity building [that] continues to …
Federal Tax Credits, Rebates, Low-Cost or Forgivable Loans and Grants are Hitting the Ground As seen in Tax Credit Advisor, October 1, 2024By Ravi Malhotra The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are in their second and third years, respectively. Treasury guidance is now available for almost all of the IRA’s clean energy tax credit provisions. Furthermore, $480 …
The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) offer billions for green solutions such as heat pumps, solar panels, energy storage, and weatherization in underserved communities. TBL Fund has been working to leverage our financing services with these funds to support green projects for multifamily affordable housing (MFAH) properties and other disadvantaged communities (DACs). Many of the IRA/BIL …
By Ravi MalhotraOriginally published in NH&RA’s Tax Credit Advisor Magazine Federal Funds for Multifamily Solar Projects En Route The Inflation Reduction Act (IRA) is expected to fund approximately $1 trillion in tax credits for clean energy. A significant portion of the funding is for the solar investment tax credits (ITC)—the base ITC was expanded to 30% and multifamily affordable housing may …
Influencing vs. Merely Accessing Available Funding Programsby Ravi Malhotra Originally published in NH&RA’s Tax Credit Advisor, May 2024 Government agencies are still racing to get their Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) funds out the door, and they remain open to input from various stakeholders to help guide this process. In advocating for increased investment in the multifamily …
Denver, Colorado, April 3, 2024 – Triple Bottom Line Foundation (TBL Fund), a national 501c3 nonprofit community development financial institution (CDFI), has received an award from the U.S. Dept. of Energy (DOE) for deploying innovative decarbonization financing solutions that go beyond current market practices. TBL Fund received an award through the DOE’s Better Buildings Challenge for innovative green financing practices …
Triple Bottom Line Foundation (TBL Fund) is a 501c3 nonprofit Community Development Finance Institution (CDFI) with a mission to deliver environmental, social, and economic benefits to underserved communities nationally. To honor this mission, it provides financial products to drive clean energy and green solution deployments in multifamily affordable housing properties (MFAH) and Disadvantaged communities (DAC). These product offerings include: Learn …
