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Mid-Hudson Energy Equity Fund

Purpose

The Energy Equity Fund is being designed to:

  1. Provide very low interest loans and small grants to residents to finance much-needed energy efficiency, remediation, maintenance, weatherization, and electrification work in people’s homes. 
  2. Provide an opportunity for non-accredited investors, everyday people, to contribute money to the fund and receive a return on their investment, while supporting a local renewable energy transition.

This provides benefits on both sides of the transaction by generating opportunities for participatory investing for local investors and wealth-building opportunities for loan recipients who are now able to increase the value of their home through major capital improvements that also improve the comfort, health, and affordability of the home.

Structure

MHET has created a separate 501(c)(3) nonprofit, Mid-Hudson Energy Equity Fund, to administer the Fund. The Fund will combine philanthropic, impact investors, and non-accredited investors, along with federal, state, and local funding to provide extremely low-interest loans and small grants to low-income individuals for healthy and resilient home improvements.

Much of the structure is to be decided in the Offering Memorandum, the central legal document that guides the fund. We expect our Offering Memorandum to launch in Fall 2023.

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