Marygrove Conservancy Social Investment Case Study

Dec 14, 2021
  • Description

In this two-page case study, learn how and why the Kresge Social Investment Practice made a $19 million guarantee in 2020 to the Marygrove Conservancy. Kresge's guarantee allowed the financing for a state-of-the-art early childhood center using New Market Tax Credits. Without the guarantee, lenders were unwilling to take the full faith and credit of the Conservancy to backstop the transaction.