The Environmental Protection Agency (EPA) announced selections for $20 billion in grant awards under two competitions within the Greenhouse Gas Reduction Fund (GGRF).  

$14 Billion for the National Clean Investment Fund (NCIF) 

  • Power Forward Communities ($2 billion award) 
    • The coalition members—Enterprise Community Partners, Local Initiatives Support Corporation (LISC), Rewiring America, Habitat for Humanity and United Way—will lead a national financing program providing customized and affordable solutions for single-family and multifamily housing owners and developers with at least 75 percent of investments in low-income and disadvantaged communities. 
  • Climate United Fund ($6.97 billion award) 
    • Formed by Calvert Impact, Self-Help Ventures Fund and Community Preservation Corporation, Climate United Fund will focus on investing in harder-to-reach market segments like consumers, small businesses, small farms, community facilities and schools with at least 60 percent of its investments in low-income and disadvantaged communities, 20 percent in rural communities and ten percent in Tribal communities. 
  • Coalition for Green Capital ($5 billion award) 
    • The Coalition for Green Capital’s program will have particular emphasis on public-private investing and will leverage the existing and growing national network of green banks as a key distribution channel for investment with at least 50 percent of investments in low-income and disadvantaged communities. 

$6 Billion for the Clean Communities Investment Accelerator (CCIA) –  The following selectees will provide capitalization funding (typically up to $10 million per community lender), technical assistance subawards (typically up to $1 million per community lender) and technical assistance services so that community lenders can provide financial assistance to deploy distributed energy, net-zero buildings and zero-emissions transportation projects where they are needed most. One hundred percent of capital under the CCIA is dedicated to low-income and disadvantaged communities.  

  • Opportunity Finance Network ($2.29 billion award); 
  • Inclusiv ($1.87 billion award); 
  • Justice Climate Fund ($940 million award); 
  • Appalachian Community Capital ($500 million award); and 
  • Native CDFI Network ($400 million award).