SBCS Cordova Village
LOCATION CHULA VISTA, CA
PROGRAM SOMAH
The Project
San Diego County-based nonprofit SBCS transforms communities to support the well-being and prosperity of children, youth and families. SBCS supports families through affordable housing and social services like financial literacy and family wellness. Their Cordova Village residence offers affordable housing for families along with additional supports so that families learn to build wealth and prepare for home ownership.
Like the Trolley Terrace and Trolley Trestle solar installations, BQuest provided upfront bridge loan funding for the project, drawing down SOMAH (Solar on Multifamily Affordable Housing) rebate funds from the State of California. Bridge funding eliminates the barrier of upfront costs for nonprofit multifamily housing operators looking to go solar. Additionally, gap financing was provided in the form of a low interest loan coupled with a grant to fund the remainder of the project. Tenant electricity savings are expected to be $71 per month or $860 per year.
What They Are Saying
“BQuest made a solar installation project easy for us coordinating all activities with our installer, GRID Alternatives. With all the support they offered, there was no excuse to delay this project that benefits us, the families we work with, and the environment."
- Mauricio Torre, VP Program Operations, SBCS
The Impact
2,385
METRIC TONS CO2 MITIGATED
$743,700
LIFETIME SAVINGS
Carbon Equivalencies
514
Number of gasoline-powered cars off the road for 1 year
2,638,786
Avoided emissions from burning 2,638,786 pounds of coal
2,822
Carbon sequestered by 2,822 acres of forest in 1 year