SELF Receives Second Grant from Opportunity Finance Networks

Finance


Fort Pierce – Tuesday, June 27, 2023: The Fort Pierce-based Solar and Energy Financing Fund, known as SELF, has received its second grant from Opportunity Finance Network’s (OFN) Finance Justice Fund.

SELF is a not-for-profit accredited Community Development Finance Institution (CDFI), also known as America’s first Florida Green Bank.

Duane Andrade, Executive Director of SELF, said, “SELF is at a critical moment in its growth. We are growing geographically as well as delivering climate solutions for low- and middle-income homeowners, landlords and developers. It’s expanding,” he said. OFN grants directly support our capabilities and validate all the work we have done. We appreciate OFN’s continued support and trust. “

The Opportunity Finance Network awarded SELF its first Energy Efficiency Grant in 2018. In 2021, OFN will make its first investment in SELF from the Finance Justice Fund to improve the affordable housing stock and address the energy burden affecting low-income renters through SEER for SELF landlords. Helped Loan.

Harold Pettigrew, President and CEO of OFN, said: “Regional development financial institutions like SELF have demonstrated a willingness to address problems arising from persistent poverty, underinvestment and systemic racism. There are,” he said. “Through this important funding, our Finance Justice fund partners are making one loan at a time to advance the cause of social, economic and racial justice.”

Since 2010, SELF has funded more than 3,000 sustainable and climate-resilient real estate improvements, generated over $40 million in green economy development activities, and contributed $100 million to build affordable housing. We’ve taken advantage of project costs that exceed.

For more information, please visit https://solarenergyloanfund.org/.





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