Calvert Foundation has closed $8 million in financing for MyStrongHome, a company that combines specialized climate-resilient construction, insurance, and financing to mitigate risk and increase safety and security for families in vulnerable coastal communities. The investment will allow MyStrongHome to serve 1,000 homeowners and prove its model to address the market of more than 1.6 million homes across six coastal states.
MacArthur provided a critical guaranty that declines as the business builds a track record and shows how catalytic impact investments can pave the way for large-scale, private market solutions.
