The Community Investment Guarantee Pool (CIGP) is publishing an RFP to solicit potential use cases for its climate change guarantee product. Proposals are due October 29, 2021.
CIGP is a first of its kind platform allowing philanthropies and other impact-driven institutions to combine resources and expertise to establish a one-stop-shop for issuing guarantees in support of lenders, intermediaries, and other innovative actors in the climate, affordable housing, and small business sectors. CIGP has deployed over $16M in guarantees since 11 philanthropies founded the Pool in December 2019 and hopes to expand upon this success in the climate sector. This pooled commitment of financial guarantees aims to unlock capital and accelerate investments that would not otherwise be possible across the United States.
New tools like guarantees are needed to de-risk, mobilize, and most importantly, accelerate private capital flows for climate change solutions. This pressing need for new financial solutions for climate change challenges led CIGP to issue this RFP and seek qualified beneficiaries to submit proposals to receive its committed unfunded guarantees to support financing for climate mitigation, adaptation, and disaster recovery.
Click here for the full RFP, and for more information, please see our RFP FAQs here or e-mail cigp_rfp@sustainablecap.com. For non-climate related inquiries, please e-mail CIGP@locusimpactinvesting.org.