84094101

Description: This agreement provides funding under the Inflation Reduction Act (IRA) to Justice Climate Fund, Inc.

The recipient will provide funding and technical assistance to community lenders who will in turn finance clean technology deployment in low-income and disadvantaged communities while simultaneously building the capacity of the community lenders to draw on that capital to catalyze deployment of projects in communities across the country—especially in communities that have long faced barriers accessing capital and that most need the benefits of clean technology projects.

Specifically, the recipient will enable community lenders in its nationwide, low-income and disadvantaged communities (LIDAC) focused community development bank and minority depository institutions (MDI) network and community lenders not covered by other applicants to gain the necessary skills, tools, and relationships to successfully deploy affordable, responsible green lending for LIDAC households, businesses and communities.

The recipient will accelerate community lender capacity to finance priority qualified projects that meet community needs, based on the objective merits and spectrum of benefits to LIDACs of such projects, nationwide.

Activities: The recipient anticipates funding distributed energy generation and storage, net-zero emissions buildings, and zero-emissions transportation activities (Greenhouse Gas Reduction Fund priority project categories) in low-income and disadvantaged communities through its nationwide community lender network.

Community lenders in this nationwide network selected to facilitate these activities will have access to capitalization funding, technical assistance funding, and technical assistance services.

Subrecipient: The recipient will enable community lenders in its nationwide, low-income and disadvantaged communities (LIDAC) focused community development bank and minority depository institutions (MDI) network and community lenders not covered by other applicants to gain the necessary skills, tools, and relationships to successfully deploy affordable, responsible green lending for LIDAC households, businesses and communities.

Subawards will be provided to community lenders as capitalization funding intended to enable distributed energy generation and storage, net-zero emissions buildings, and zero-emissions transportation activities (Greenhouse Gas Reduction Fund priority project categories) in low-income and disadvantaged communities through its nationwide community lender network.

Moreover, subawards will be provided to entities providing technical assistance and technical assistance services to community lenders for the development and deployment of these activities such as product platform development, training and content development, community engagement, market development, reporting assistance, and expert resources.

Outcomes: The recipient's anticipated deliverables include capitalization funding and TA subawards to community lenders.

Expected outcomes include climate and air pollution benefits (e.g., greenhouse gas emissions reductions, improved health outcomes due to improved indoor and outdoor air quality), equity and community benefits (e.g., direct and indirect job creation, household cost savings), and market transformation benefits (e.g., mobilization of private capital, de-risking strategies, new green lending).

The beneficiaries of these deliverables are low-income and disadvantaged communities located nationwide, including persistent poverty, energy, tribal, and rural communities.

Justice Climate Fund

1 - TACKLE THE CLIMATE CRISIS 1.1 - REDUCE EMISSIONS THAT CAUSE CLIMATE CHANGE 2 - TAKE DECISIVE ACTION TO ADVANCE ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS 2.2 - EMBED ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS INTO EPA’S PROGRAMS, POLICIES, AND ACTIVITIES 6 - SAFEGUARD AND REVITALIZE COMMUNITIES 6.1 - CLEAN UP AND RESTORE LAND FOR PRODUCTIVE USES AND HEALTHY COMMUNITIES 6 - SAFEGUARD AND REVITALIZE COMMUNITIES 6.2 - REDUCE WASTE AND PREVENT ENVIRONMENTAL CONTAMINATION 3 - GREATER CERTAINTY, COMPLIANCE, AND EFFECTIVENESS 3.3 - PRIORITIZE ROBUST SCIENCE 2 - TAKE DECISIVE ACTION TO ADVANCE ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS 2.1 - PROMOTE ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS AT THE FEDERAL, TRIBAL, STATE, AND LOCAL LEVELS 1 - TACKLE THE CLIMATE CRISIS 1.1 - REDUCE EMISSIONS THAT CAUSE CLIMATE CHANGE 1 - TACKLE THE CLIMATE CRISIS 1.1 - REDUCE EMISSIONS THAT CAUSE CLIMATE CHANGE 1 - A CLEANER, HEALTHIER ENVIRONMENT 1.4 - ENSURE SAFETY OF CHEMICALS IN THE MARKETPLACE 2 - MORE EFFECTIVE PARTNERSHIPS 2.2 - INCREASE TRANSPARENCY AND PUBLIC PARTICIPATION 3 - GREATER CERTAINTY, COMPLIANCE, AND EFFECTIVENESS 3.2 - CREATE CONSISTENCY AND CERTAINTY 3.5 - IMPROVE EFFICIENCY AND EFFECTIVENESS S - CROSS AGENCY STRATEGY S.1 - ENSURE SCIENTIFIC INTEGRITY AND SCIENCE-BASED DECISION MAKING 1 - A CLEANER, HEALTHIER ENVIRONMENT 1.3 - REVITALIZE LAND AND PREVENT CONTAMINATION 2 - TAKE DECISIVE ACTION TO ADVANCE ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS 2.1 - PROMOTE ENVIRONMENTAL JUSTICE AND CIVIL RIGHTS AT THE FEDERAL, TRIBAL, STATE, AND LOCAL LEVELS 1 - TACKLE THE CLIMATE CRISIS 1.1 - REDUCE EMISSIONS THAT CAUSE CLIMATE CHANGE 5 - ENSURE CLEAN AND SAFE WATER FOR ALL COMMUNITIES 5.1 - ENSURE SAFE DRINKING WATER AND RELIABLE WATER INFRASTRUCTURE 2 - TAKE DECISIVE ACTION TO ADVANCE ENVIRON

66.960 - Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator

Office of Grants and Debarment (OGD) [EPA - HQ]

Office of Chemical Safety and Pollution Prevention (OCSPP) [EPA - HQ]

Washington, District Of Columbia 20006-2606 United States

Single Zip Code

Clean Communities Investment Accelerator (CCIA) (EPA-R-HQ-CCIA-23)