Greening Sacred Spaces is raising $2 million in Community Bonds to support LOCAL Faith-Based Organizations with their Retrofit Projects. Over the next 10 years, we plan to fund 150 projects; impacting a minimum of 100 Ottawa faith and spiritual groups. We are calling on both institutional and individual investors to help us in this opportunity!
The Faithfully Green Fund was created by the Sustainable Capacity Foundation (SCF) in partnership with Greening Sacred Spaces Ottawa (GSS), to address the barriers that faith-building organizations face in funding retrofits and the collective request for financial assistance from our network. It is an investment opportunity that reduces these barriers by providing financial support, primarily for sustainable retrofit projects, in the form of advantageous commercial rate loans. It provides low-interest financing to Ottawa-based faith spaces seeking $10,000-$250,000 to implement a retrofit project. This financial support makes it possible for faith communities to take meaningful action toward reducing their carbon footprint.
This fund will be accessible to all diverse faith communities and spiritual groups including various churches, gurdwaras, mosques, temples, and synagogues. A wide range of demographics will be reached through the use of this fund as the individual members range in ages, cultures, and income classes. Having sufficient financial support to properly maintain their sacred spaces and building operations is an essential need for many of these groups, especially with the added strain of the COVID-19 Pandemic. See Figure 1 for a map of the geographic boundaries that the Faithfully Green Fund will reach.
FUNDING FOR the Faithfully Green Fund
The Faithfully Green Fund will be financed via a unique social finance tool called
Community Bonds. Individuals and Institutions can purchase Faithfully Green Bonds
and earn a fixed return while their funds are being loaned to faith spaces for retrofits.
SCF’s investment goal is to raise $2M for 10 faith-building organizations within the first
year of launching. Over the next 10 years, FGF will fund 150 projects. These loans will
impact a minimum of 100 Ottawa faith and spiritual communities.
Faithfully Green Bond Investment Options
- 4% Interest
- Minimum $50,000
- 7-year Term
- 3.5% Interest
- Minimum $20,000
- 5-year Term
- 3% Interest
- Minimum $1,000
- 5-year Term
Note: By clicking the above link, you will be asked to register and will be sent the full investment information package. For additional information contact our team at email@example.com
Project Pipeline Development Committee
Loan Due Diligence Committee
Did YOU KNOW?!
Between 2006-2014, over 40 faith communities in our network conducted a building audit to identify retrofit opportunities. However, few of these communities to date have been able to implement the recommended retrofits due to barriers to accessing financing.
- Launch of The Faithfully Green Fund
- May 5th, 2022
- Energy Benchmarking Conference
- May 14th, 2-4:30PM
- Investor Information Webinar
- Date: TBD – Spring