Pooled Fund

Summary

San Francisco’s pooled fund for seismic retrofits of private buildings is a partnership with Alliance NRG and Deutsche Bank to restructure existing grant funds into a public financing option, where Deutsche Bank provides an upfront capital guarantee to Alliance NRG, who accepts applications from individual property owners and manages the upgrade process from design through construction. Alliance then contracts with the City to recoup their investment plus interest via an additional line item on each participant’s regular property tax invoice.