A New Fund to Help the Environment and Reduce our Carbon Footprint

The Creation Care Investment & Loan Program was introduced at the 33rd General Synod

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THE CREATION CARE INVESTMENT & LOAN PROGRAM:

In July 2021, the Cornerstone Fund announced the Creation Care Loan Program at the 33rd General Synod. The Creation Care Loan Program is specifically dedicated to environmental justice efforts and allows us to offer lower subsidized loan rates to UCC affiliates. Our Founding Investors include the National Setting and United Church Funds, the Wisconsin Conference and CHHSM. The ability to invest in this Creation Care Investment pool will be available to all, including individuals who are looking for an environmentally conscious investment.

Investors who care deeply about Creation Care and addressing the detrimental effects of climate change can make an impact investment in the UCC Cornerstone Fund. Investors will agree to a 1% rate of return on their investment, giving up some short-term gain, for an investment that will yield a long-term gain for our planet. These investment funds then will be loaned at 3.5% to churches and other faith-based organizations to fund projects specifically aimed at improving their properties’ impact on the environment and reducing their carbon footprints.

We aim to raise $3,000,000 initially, but we will not stop there. Investors will receive reports on progress and the impact that the loans are having on caring for creation.

 

PROJECTS THAT REDUCE OUR CARBON FOOTPRINT WILL BE ELIGIBLE FOR THIS LOAN PRODUCT:
Renewable energy installments
Building efficiency improvements
Environmental care projects 

 

INVESTMENT SPECIFICS:
Term: 36 months
Interest Rate: 1% for the first 3 years, after that
at the then prevailing rate
Minimum Investment Amount: $500

 

LOAN SPECIFICS:
Eligible Projects: Projects that reduce our carbon footprint will be considered
Loan Type: 3-year adjustable-rate term loan, fixed
for 3 years, then adjusted to the prevailing rate; 3 year balloon notes also available
Amortizations: 3 through 30 years available
Maximum Loan amount: $100,000* (*exceptions may apply)
Minimum Loan amount: $10,000
Application Fees: None – The only fees that are passed on to borrower are the actual fees incurred in the loan approval and closing process: e.g., title & legal fees
Payments: Interest-only payments are available during construction for up to 12 months, after that principal and interest. Automated payments via ACH are required.