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Now browsing: Hometown News > Community > St. Lucie County

Nonprofit secures first investment
Rating: 3.6 / 5 (55 votes)  
Posted: 2012 Dec 07 - 07:05

For Hometown News


The nonprofit solar and energy loan fund received its first investment from Mercy Investment Services, a faith-based, socially responsible investment organization for the Sisters of Mercy and its sponsored ministries.

The investment will supplement SELF's existing loan pool and allow the organization to expand its services.

SELF provides energy expertise and low-interest rate loans to help property owners identify and make cost-effective energy retrofits. SELF targets low and moderate income communities and businesses, and is helping property owners reduce their energy consumption by an average of 24 percent, while using clean energy solutions, employing local companies and taking a small but important step toward energy independence.

The financial investment was finalized through the Mercy Partnership Fund, the community investing program of Mercy Investment Services.

"Mercy Partnership Fund invests in projects consistent with the concerns of the Sisters of Mercy," said Sister Corinne Florek, director of the Mercy Partnership Fund.

"SELF's commitment to energy conservation and care of the Earth closely aligns with the mission of Mercy Investment Services."

"This is a major milestone and key to expanding the clean energy loan program," said Doug Coward, executive director of SELF.

SELF plans to open new satellite offices throughout the Treasure Coast region on Feb. 1, beginning with Stuart, Fellsmere, Sebastian and Indiantown, as well as Okeechobee.

The nonprofit continues to seek investment opportunities and will welcome any monetary donations in support of the program's growth toward creating energy independence in local communities.

SELF, which administers the clean energy loan program, is designated as a 501(c)3 nonprofit organization as per the Internal Revenue Service. Those interested in donating may receive tax benefits.

For more information, call (772) 468-1818 or visit www.CleanEnergyLoanProgram.org.

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