Denver, CO, May 2023– The Triple Bottom Line Foundation (TBL Fund) is a nonprofit Community Development Financial Institution (CDFI) that provides financial products and services to support green projects in multifamily affordable housing (MFAH) and Indigenous communities.
TBL Fund is a Treasury-certified CDFI with a mission to create economic, environmental, and social benefits through the financing of green upgrades for MFAH and Indigenous communities. To that end, it provides technical assistance and financial products and services to facilitate projects that can incorporate solar, energy storage, high-efficiency heat pumps, weatherization, healthy homes remediation, and more. Financial offerings include Property Assessed Clean Energy, Energy Performance Contracts (EPCs), Power Purchase Agreements, Energy as a Service, and off-balance sheet financing.
TBL Fund has been increasing its solar financing efforts, and recently expanded the area where it offers solar loans to include Washington D.C., and California. TBL Fund is thrilled for any opportunity to help underserved communities access the benefits of green technologies.
For MFAH, projects can:
- reduce or eliminate an owner’s upfront out-of-pocket expenses,
- provide savings benefits for 15–25-year life of the upgrades, outweighing install costs,
- lead to significant improvement to the net operating income and cap rate for the property, and
- preserve affordable housing and result in safer, healthier, and more comfortable housing for tenants.
For Tribal Communities, projects can:
- eliminate Tribe’s capital costs for the deployment,
- generate income for Tribes for 20-25 years,
- reduce utility costs for Tribal members,
- generate local jobs for Tribal members, and
- keep money in local economy.
About TBL Fund
TBL Fund (www.tblfund.org) is a 501c3 nonprofit CDFI with a mission to create economic, environmental, and social benefits through the financing of green upgrades for MFAH and Indigenous communities. It was certified by the Treasury in 2014, and has since grown its services and expanded into new territories. TBL Fund is a committed financial ally to the U.S. Department of Energy and U.S. Department of Housing and Urban Development’s Better Climate and Better Building Challenges..
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