They Were Shut Out by Big Banks. Then This Florida Nonprofit Unleashed $60 Million. The Results Are Staggering.
A Financial Revolution is Quietly Unfolding in Florida
FORT PIERCE, FL – In a world where traditional banks often turn a cold shoulder to those with less-than-perfect credit, one Florida-based organization has just shattered a monumental barrier. The Solar and Energy Loan Fund (SELF), a unique nonprofit Green Bank, has officially surpassed a staggering $60 million in financing, a milestone that is completely transforming the lives of over 12,000 people.
But who are these individuals? The answer reveals a powerful story about financial inclusion and community resilience. These aren't corporate investors; they are seniors on fixed incomes, veterans, single mothers, and families with disabilities. They are the very people often locked out of the financial system, unable to secure loans for critical home repairs that others take for granted.
More Than Just a Loan, It's a Lifeline
Founded 15 years ago in St. Lucie County, SELF was born from a simple yet radical idea: what if everyone, regardless of their income or credit score, had the ability to make their home safer and more affordable? The organization has turned that vision into a reality, providing a crucial financial lifeline for essential upgrades.
This isn't about luxury renovations. The financing empowers families to:
- Brace for the Storm: Install hurricane-resistant roofs and windows.
- Beat the Heat: Upgrade to energy-efficient air conditioning, drastically lowering utility bills.
- Ensure Safety: Address urgent home repairs that make a home livable and secure.
“Reaching this milestone is more than just a number,” explained CEO Duanne Andrade. “It represents thousands of families now able to live in safer, more resilient homes.”
The Staggering Impact by the Numbers
The organization's commitment to its mission is undeniable. A massive 70% of all loans are directed to low- and moderate-income households, proving their dedication to serving the underserved. Right here on the Treasure Coast, where SELF began its journey, over $15 million has been injected directly into the local community, strengthening homes and the regional economy.
By operating as America's first hybrid Community Development Financial Institution (CDFI) and nonprofit Green Bank, SELF has created a revolutionary model. It breaks the cycle of financial exclusion, offering fair and affordable loans that build credit, reduce energy costs, and increase property values for those who need it most. As this $60 million milestone proves, the impact is not just significant—it's life-changing.
