Duanne Andrade | Fostering Inclusive Workplaces to Benefit Employees and Constituents

Solar and Energy Loan Fund, Inc.

Financing Resilient, Healthy & Affordable Housing for a Sustainable Future Serving: Florida, Alabama, Georgia, South Carolina

www.SolarEnergyLoanFund.org

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History and Context • SELF is the only hybrid, non-

profit; *CDFI ”Green Bank” in the Southern Region and the only Green Bank focused 100% on serving low to moderate income communities.

• SELF was created in 2010 with a

$3 million seed grant from the U.S. Department of Energy.

• To date SELF has deployed over • $34 million in direct loans for over

3,400 projects and has invested in green affordable housing millions leveraging over $90+ million in total project costs. www.SolarEnergyLoanFund.org

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MISSION Our Mission is to lead the way towards an inclusive and equitable clean energy economy by providing accessible and affordable financing programs that support healthy, resilient and sustainable communities.

SELF’s Triple Bottom Line Impact Model SELF’s Triple Bottom Line Impact Model focuses on ensuring Social, Economic and Environmental Justice is achieved for all Communities, especially, LMI Communities.

www.SolarEnergyLoanFund.org

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VISION: Our vision is to be the premier Mission-Driven, Green Bank in the nation, and to establish the highest standard of innovation and market disruption in ‘green financing’ to overcome systemic barriers and achieve Climate Equity for all while fostering sustainable green jobs, public-private partnerships and long-term sustainable solutions that will support resilient, healthy and thriving, communities.

www.SolarEnergyLoanFund.org

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www.SolarEnergyLoanFund.org

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The Case for Financing Climate Equity  The Southeast is the most vulnerable to severe weather events, especially hurricanes, extreme heat, and sea level rise.  More utilities customers are cost-burdened in the Southeast than in any other part of the country.  More than half of all residential buildings in the South were built before the nation's first energy efficiency codes were developed and building codes in the South still lag behind in efficiency requirements.

SE states have some of the highest energy burdens in the country and the nation’s highest inflation in housing costs.

 Black and Brown renters are more rent burdened: Half of Black households spend more than 30% of their income on rent & roughly a quarter spend more than 50% of their income on rent  The Southeast has the lowest average FICO scores, and the highest rates of underbanked populations.

www.SolarEnergyLoanFund.org

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SELF Loan Programs SELF was the first Green Bank in the Southeast and is still the only Green Bank/CDFI in the nation.

SELF has the highest “LMI” penetration of any Green Bank.

SELF believes in leveraging financial technology to extend more benefits to underrepresented and underbanked communities.

Homeowners: Unsecured loans for upgrades to single-family and small multifamily properties based on ability to repay, not credit scores.

Landlords: Unsecured Energy Efficiency and Resiliency Rehab Loans for Affordable Rental & workforce housing Developers: Predevelopment and Gap Funding for Green Affordable Housing New Construction and Rehabs coupled with Technical Assistance and Training for BIPOC novice developers Contractors: No-dealer fee access to financing ; training; workforce development programs. www.SolarEnergyLoanFund.org

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SELF Loan programs are designed to overcome systemic barriers for LMI communities •

Reduce Energy Burdens and Increase Climate Resiliency • SELF loans help LMI residents reduce energy burdens, increase access to insurance and improve health and quality of life

• Foster Green Jobs and a diverse workforce development • Pre-vetted contractor network to help support green and minority contractors and businesses  Focus on Consumer Protection •

Project Management to ensure quality work and compliance with codes.

 Advance Financial Inclusion • Unsecured home improvement loans based on ability to repay can help repair or build credit  Promote BIPOC and Novice Housing developers.

• Predevelopment, catalytic gap loans and mini–permanent loans with TA for BIPOC and novice green housing developers. www.SolarEnergyLoanFund.org

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Public- Private Partnerships • SELF partners with local governments,

housing authorities and non-profits to help create and preserve resilient, energy efficient, affordable housing.

• SELF is an implementation tool for climate equity and resiliency goals.

• SELF customizes programs with local

government and community partners to fit needs.

• SELF

leverages local government resources and and raises blended impact capital to deploy in deploy in local communities.

• Supports workforce development and minority owned contractors

www.SolarEnergyLoanFund.org

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Diversity Equity and Inclusion

We Are Who We Serve

www.SolarEnergyLoanFund.org

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Client: PAMELA TURNER – U.S. Veteran; Cancer Survivor Roof Loan (Resilience) Impacts: Health, Safety, Quality of Life

“SELF helped me protect my home and my family when no one else would” -Pamela Turner: U.S. www.SolarEnergyLoanFund.org Veteran; Single Mother11

Sylvia Thompson- Single Mother head of Household High Efficiency A/C Loan

Impacts: Health and Quality of Life Loans Sylvia’s child has cerebral palsy and epilepsy and is prone to seizures during hot summer months. Having a functional air conditioner not only lowered her electric bills, but it greatly improved her family’s health and quality of life. Sylvia described the SELF program as “a blessing.”

-Sylvia Thompson www.SolarEnergyLoanFund.org

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Mark Stanhope- US Postmaster Residential Solar Loan Impacts: Reduced Carbon Footprint; Long term savings, Credit rebuilding.

“Its almost like you have to be rich to have solar! But SELF, makes it easy so everyone can have solar” – • Mark Stanhope, US Post Master www.SolarEnergyLoanFund.org

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Low Income, Elderly Renters Local Government Partnership Emergency Response Solar Resiliency Project (Solar + Battery)

• Solar Emergency Response System supporting 92 Low-income elderly, vulnerable, Latino residents in Miami Dade County.

HOUSING AND COMMUNITY IMPACT FUND (HCIF)

www.SolarEnergyLoanFund.org

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SAGE LOAN Program Green Affordable Housing Developments led by Black and other minority Developers

Predevelopment

Technical Assistance /Project Coordination

Construction Gap/ Mezzanine (2nd position)

Developer Training

Mini Permanent Gap

Green Building Technical Assistance

Solar TA

Supported by JP Morgan Chase & Co. Housing Innovation Grant www.SolarEnergyLoanFund.org

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Who We Are Being True to ”DEI”

www.SolarEnergyLoanFund.org

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Diversity = Innovation USA, Bolivia, Peru, Nicaragua, El Salvador, Venezuela, Puerto Rico, Cuba, China, Haiti & Colombia www.SolarEnergyLoanFund.org

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DEI in Practice Innovation Nimbleness

Diversity

Creativity Perspectives

Equity

Values Cultural wealth

Inclusion

Growth Better Services Better Products www.SolarEnergyLoanFund.org

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Contact information:

M. Duanne Andrade- Executive Director duannea@solarenergyloanfund.org

www.solarenergyloanfund.org www.SolarEnergyLoanFund.org

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