More About MNCIFA

Projects funded by the Minnesota Climate Innovation Finance Authority are required to meet statutory requirements. 

Learn more about projects that MnCIFA is seeking and what is a qualified project: MnCIFA info

Key attributes – projects that would be a good fit for MnCIFA:

  • Reduce the economic burden of energy costs.
  • Maintain energy reliability.
  • Accelerate deployment of clean energy projects.
  • Create more local clean energy jobs.
  • Increase Minnesotans’ ownership of and contribution to the clean energy system.
  • Support the achievement of statewide greenhouse gas reduction targets.

Projects that have been approved by the MnCIFA Board of Directors for financing include: 

$4.7 million loan - The Heights Community Energy, Inc., St. Paul, MN 

A newly formed not-for-profit entity for the purchase and installation of piping and infrastructure of a district geothermal renewable energy system at The Heights. This is a 112-acre site being developed for over 1,000 units of affordable housing and one million square feet of lite industrial space. More about The Heights. 

$4.5 million loan – Avenues For Youth, Minneapolis, MN 

A not-for-profit entity for the purchase and installation of a geothermal renewable energy system and associated HVAC components at its proposed facility located in Minneapolis. Avenues for Youth began in 1993 and currently assists youth, ages 16-24, who are experiencing homelessness. More about Avenues For Youth.

$1.2 million loan – Renewable Energy Partners, Minneapolis, MN 

For the purchase and installation of a resiliency hub project on four school district buildings in North Minneapolis. Renewable Energy Partners is a certified Minority Business Enterprise and a member of the North Central Supplier Diversity Council. More about REP. 

$2 million loan – 3561 Minnehaha LLC, Minneapolis, MN 

For the purchase and installation of solar and energy efficiency measures on a proposed facility located in an Environmental Justice community at 3561 Minnehaha Avenue. Mixed use Passive House with 32 units and 1600 sq feet of commercial space. 

$4 million loan – Greater Minnesota Housing Fund (GMHF), Minneapolis, MN 

For the establishment of a Revolving Loan Fund (RLF) to help finance energy efficient housing projects in Minnesota. GMHF's mission is to support the creation of strong communities and affordable homes throughout strategic investments and effective partnerships.