First ever AAA-rated RMBS securitization comprised entirely of mortgage loans originated and sold by a Community Development Financial Institution (CDFI). The credit rating was issued by both S&P and DBRS Morningstar.
$283 million of residential mortgage loans backed the significantly oversubscribed ESG offering was designated as a social bond by Institutional Shareholder Services (ISS).
Financing enables Change to make homeownership more affordable for loans to Black, Latino, and other underbanked prime borrowers.
Associated gas (AG) is produced from the reservoir during oil production. In this post, Tetra Tech’s John Sachs, director of project finance, and Artur Davtyan, manager of project finance, discuss how AG could be used to fuel power plants, used as bottled gas, serve as a feedstock, exported as liquid natural gas (LNG), or put to other productive use, with contributions by John Beardsworth and William Newton of Hunton Andrews Kurth, LLP. All opinions expressed in this post are the authors’ own.