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:

  • Power Purchase Agreements
  • Energy Performance Contracts
  • Bridge Financing
  • Energy-as-a-Service
  • Property Assessed Clean Energy
  • Debt
  • Tax Equity

Learn more about financial products here.

Work with ICAST (International Center for Appropriate and Sustainable Technology).

A core component of ICAST’s work is helping clients access all available financial resources for their clean energy upgrades; however, ICAST was hitting a wall on the green financing side. It founded TBL Fund as a response to the lack of financial institutions that could deliver the kinds of financial services ICAST’s clients needed. In the 9-years since TBL Fund was certified by the U.S. Treasury Dept., its partnership with ICAST has continuously evolved to produce unmatched offerings for clients, such as:

  • A marriage of ICAST’s expertise with the technical aspects of green technology solutions and TBL Fund’s expertise in designing optimal financial solutions. This means turn-key support for clients, enabling them to get their projects off the ground and pursue holistic work scopes that achieve significant benefits.
  • A level of flexibility and creativity for financing that surpasses that of most lending institutions, while still adhering to solid credit underwriting fundamentals. This creativity includes leveraging all available financial resources for projects—something that almost no other lender can do.

Since the Inflation Reduction Act and Bipartisan Infrastructure Law were signed into law, TBL Fund and ICAST have been working to take advantage of the various funding opportunities for clients’ benefit. Staff stay up-to-date and involved with new guidance and regulations from IRS; Treasury; the U.S. Depts. of Energy, Agriculture, Housing and Urban Development, Labor; and the Environmental Protection Agency. We are in an excellent position to capture this opportunity, evidenced by a recent recognition from the U.S. Department of Energy’s Better Buildings/Better Climate Challenge as the 2024 Climate Finance Innovator. This award—which features an ICAST-TBL Fund project collaboration in New Mexico—acknowledges TBL Fund as an industry leader in crafting innovative financing solutions for energy efficiency and decarbonization.

For more information on TBL Fund, please visit

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