Rose Urban Green Fund (RUGF)
Advancing the Jonathan Rose Companies’ mission to strengthen the fabric of communities, RUGF provides financing for green urban solutions: environmentally, socially and economically responsible projects that take a holistic approach to urban revitalization. Our investments help build communities of choice that enable low-income families to prosper. The RUGF brings Jonathan Rose Companies’ considerable experience in packaging complex financing and partnering with a variety of stakeholders in community based development.
The Rose Urban Green Fund has a lengthy track record of lending to projects that are in highly distressed low-income communities, have been declined by traditional lenders and have exhausted other forms of funding options: minority developers that have a smaller balance sheet; commercial projects lacking credit tenancy; landlords purposely accepting lower rents and lease terms in order to provide affordable space to local, nonprofit or minority tenants.
Since inception, RUGF has received $160.0M in allocation authority (4 awards) which it has deployed into 22 projects (20 active), including 10 borrowers that received Small Dollar QLICIs and 6 projects located in NMTC under-represented states. RUGF prioritizes its activities where its controlling entity linkages and local market representation are the strongest: CA, CO, IL, NY and PA. In addition to these states, RUGF has completed prior financing in AL, CT, IN, MA, FL, GA and OR.
The Rose Urban Green Fund, LLC is an affiliate of Jonathan Rose Companies, an award winning real estate development, planning, civic development and smart growth investment firm.
If you would like to submit your business or project for evaluation by RUGF, please email us at email@example.com