Solar for Multifamily

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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 …

Setting a Course for the Fast-Evolving Incentives Landscape

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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 …

TBL Fund Recognized by U.S. Department of Energy as a Climate Finance Innovator

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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 …

Sticking the Landing on the Triple Bottom Line – Understanding the TBL Fund and ICAST Partnership

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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 …

Green Retrofits for Cost Savings and Resiliency

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The landscape for green technology is changing. Awareness of highly efficient electric heat pumps has been growing, and heat pump systems have now outsold gas furnaces for two years in a row. We’re witnessing new innovations in solar and storage. And government agencies continue to roll out funds—for weatherization, beneficial electrification, energy storage.

Demand for IRA Funds Exceeds Supply – MFAH Owners Should Act Now!

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With the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), federal, state, and local agencies have been charged with quickly spending an unprecedented amount of funds for energy efficiency and renewable energy programs. Multifamily affordable housing (MFAH) can leverage these dollars to minimize costs for projects that incorporate solar and storage, heat pump HVAC and hot water, health and …

TBL Fund Announcing New Bridge Loan Product to Facilitate Green Projects

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The Inflation Reduction Act (IRA) has created a wealth of opportunities to scale green solutions like heat pumps, solar, energy storage, and weatherization in underserved communities. Stakeholders can access tax credits, grants, and other incentives to pursue holistic clean energy solutions. Triple Bottom Line Foundation’s (TBL Fund) focus is serving indigenous communities and multifamily affordable housing (MFAH) stakeholders. We have …

TBL Fund one of 67 Winners Awarded $6.7 Million to Advance Clean Energy in Rural America

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Today, the U.S. Department of Energy Office of Clean Energy Demonstrations (OCED) announced 67 winners, including TBL Fund, in the first phase of the $6.7 million Energizing Rural Communities Prize. This prize challenges individuals and organizations to develop partnership and financing strategies to support efforts in rural or remote communities to improve their energy systems and advance clean energy demonstration projects. …

Update on the Greenhouse Gas Reduction Fund

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As we have previously reported, the Inflation Reduction Act (IRA) of 2022 provided the U.S. Environmental Protection Agency (EPA) with $27B for the new Greenhouse Gas Reduction Fund (GGRF). This Fund will leverage public investment with private capital to finance clean energy projects that reduce electricity bills, create jobs, and reduce air pollution. By statute, at least $15 billion must …

Triple Bottom Line Foundation Receives Support from Opportunity Finance Network for its Financing Efforts in Underserved Communities

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Denver, CO | June 13 2023 – The Triple Bottom Line Foundation (TBL Fund) is a Community Development Financial Institution (CDFI) that provides financial products and services to create economic, environmental, and social benefits for underserved communities. TBL Fund has been awarded a $500,000 grant and a $500,000 investment from Opportunity Finance Network (OFN) for implementation of the Finance Justice …