RECIPIENT

RESOURCE TYPE

AMOUNT

RECIPIENT COALITION ORGANIZATIONS

TYPE OF FINANCING

ELIGIBLE USES

Climate United

NATIONAL CLEAN INVESTMENT FUND (NCIF)

$6.97B

• Calvert Impact

• Community Preservation Corporation

• Self-Help Credit Union

• MF direct lending and subordinate loans (second mortgages, significantly below market rates)

• Low interest EV and residential solar loans

• Green mortgages

• Integrate building decarbonization into first mortgage origination process

• Deployment through existing mortgage lenders: HFAs, CDFIs, mortgage banks, commercial lenders

• At least 60% investments in LIDACs

Coalition for Green Capital

NATIONAL CLEAN INVESTMENT FUND (NCIF)

$5B

Green banks, clean energy financing organizations, CDFIs, including CA's Ibank

• IBank's three preliminary products

  • Climate Incentives Bridge

  • Climate Loan Guarantee

  • Climate Loan Participation

• Public-private investing

• Flexible, low-cost capital

• At least 50% investments in LMI and disadvantaged communities

Power Forward

NATIONAL CLEAN INVESTMENT FUND (NCIF)

$2B

• Enterprise

• Rewiring America

• Habitat for Humanity

• LISC

• United Way

• Preliminarily: low-rate, long-term loans

  • Primarily subordinate, including interest-only and cash flow contingent

  • Forgivable component

• Incentivize qualified multifamily residential projects in LIDACs through customizable terms based on the depth of affordability and decarbonization

• Financing representing 20 – 30% TDC; lower leverage of TDC (4.2x); lower private capital mobilization (2.2x)

• Customization based on impact: depth of affordability, extent of decarbonization, smaller unit size, location

Opportunity Finance Network (OFN)

CLEAN COMMUNITIES INVESTMENT ACCELERATOR (CCIA)

$2.29B

Leading investment intermediary and national network of mission-driven community lenders, including certified CDFIs. OFN's more than 425 members provide affordable, responsible financial products and services in low-income rural, urban, and Native communities nationwide.

Subaward funding will be available for active OFN members who also meet the EPA's definition of a mission-driven community lender.

Members that receive funding from OFN will build their own pipelines and finance projects meeting eligibility requirements established by the EPA in the categories of distributed generation and storage, net-zero buildings, and zero-emissions transportation in or benefitting low-income and disadvantaged communities.

Inclusiv

CLEAN COMMUNITIES INVESTMENT ACCELERATOR (CCIA)

$1.87B

Certified CDFI intermediary that works with community development credit unions (CDCUs) and cooperativas to serve over 18 million low- income urban, rural, and reservation-based communities around the country.

CDCUs and cooperativas (regulated depository cooperative financial institutions) will be screened for eligibility by four criteria: non-profit community lenders, good financial standing, mission aligned with lending to LIDACs, and demonstrated interest in loan products that reduce emissions.

Will provide technical assistance and equity grants, subordinated debt, and more for credit unions and cooperativas to distribute to consumers, single- families, and small businesses to facilitate clean energy projects.

Justice Climate Fund

CLEAN COMMUNITIES INVESTMENT ACCELERATOR (CCIA)

$2B

Nonprofit deploying capital through CDFIs, credit unions, Minority Depository Institutions (MDIs), and community development banks. JCF's 18- member coalition includes technical assistance experts and trade coordinators representing hundreds of community lenders nationwide

Eligible community lenders will be able to apply to JCF's program in "waves", ensuring an equitable distribution of funding throughout the program.

Loans through CDFIs, credit unions, minority depository institutions, and community development banks to fund green projects in LIDACs prioritizing healthy air, green transportation, clean water, and well-paying jobs

Appalachian Community Capital

CLEAN COMMUNITIES INVESTMENT ACCELERATOR (CCIA)

$500M

CDFI that provides underserved communities in the Appalachian region with new capital for small business loans. ACC established the Green Bank for Rural America to provide investment and technical assistance to low-income communities to push green energy adoption.

Prioritizes 582 counties in Appalachia, energy communities, underserved rural, and Native communities, accounting for nearly 30% of all US persistent poverty counties.

Loans for green energy generation and storage, housing, small businesses, commercial buildings, community facilities, charging infrastructure, and more.

Native CDFI Network

CLEAN COMMUNITIES INVESTMENT ACCELERATOR (CCIA)

$400M

Coalition of CDFIs focusing on creating solutions to the financial barriers within Native communities, predominantly surrounding the dearth of financial institutions and affordable financial products.

• Community Lender Network of 63 lenders (58 of which are native CDFIs) across Native lands.

• Applications will be assigned to one of three tiers based on the size of their eligible project pipeline, the quality of their financing plan, and the amount of technical assistance needed. The higher applicants score the more quickly their allocation will be deployed.

Loans for renewable energy, energy-efficient upgrades, and sustainability projects actively involving communities, Tribal leaders and businesses.