ORLANDO– The African American Alliance of CDFI CEOs said the Opportunity Finance Network (OFN) has joined the Community Builders of Color Coalition in order to fight for “equity” in the EPA’s administration of the Greenhouse Gas Reduction Fund (GGRF).
The organizations are advocating that at least 40% of awarded capital benefit disadvantaged communities, mainly minority and low-income populations that have been disproportionately impacted by the effects of climate change.
First-of-its-Kind Program
As CUToday.info has reported, the GGRF is a first-of-its-kind program from the federal government aimed at providing competitive grants to mobilize financing and private capital for clean energy and climate projects that reduce greenhouse gas emissions. The Coalition said it will play a “crucial role” in advocating for equitable access and effective implementation of GHGRF in underserved communities.
“The Coalition is uniquely positioned to leverage the expertise of multiple organizations devoted to ensuring the greatest possible impact in low-income and disadvantaged communities,” said Lenwood V. Long, Sr., president and CEO of The Alliance. “OFN's commitment to economic justice and advancing financial inclusion in underserved communities aligns with our mission, and we are thrilled to have them join.”
‘Vital to Amplifying Voices’
According to the organization, the growth of The Coalition is and will be vital to amplifying the voices of community financial institutions, such as CDFIs, MDIs, credit unions, and mission focused loan funds, and the communities they serve.
To date, The Coalition said it is comprised of 15 organizations including: African American Alliance of CDFI CEOs, African-American Credit Union Coalition, The Chisholm Legacy Project, Community Development Bankers Association, Inclusiv, National Association for Latino Community Asset Builders, National Urban League, National Bankers Association, Native CDFI Network, National CAPACD, Prosperity Now, Oweesta Corporation, Opportunity Finance Network, US Black Chamber, and Urban Strategies, Inc.
It’s Called Fresh for a Reason. And We Offer Home Delivery. For Free!
The biggest, best and freshest news reporting in credit unions remains free in ’23! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more.
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com