NEW YORK–Inclusiv has announced it is participating in the Justice Climate Fund (JCF) application to “ensure those who have been left behind and are most impacted by climate change benefit from the Environmental Protection Agency’s (EPA) National Clean Investment Fund (NCIF) competitive grant program.”
As CUToay.info has reported and as Inclusiv noted, under the NCIF program, which is part of the Greenhouse Gas Reduction Fund framework, the EPA will award up to $14 billion to support initiatives like the one proposed by JCF to reduce pollution by increasing investment in smaller scale renewable energy, clean transportation, and energy smart buildings, “while creating jobs and growing local businesses, particularly in disadvantaged communities. JCF will leverage private capital and investments to fuel the growth of the permanent single fund for generations to come.”
‘Community First Approach’
“JCF’s community-first approach and strong coalition of mission-driven members will advance climate justice and ensure all communities enjoy the cost savings, emissions reductions and the resulting health benefits of the Greenhouse Gas Reduction Fund,” said Inclusiv President/CEO Cathie Mahon.
The Inclusiv network is ready to leverage this capital to lift up their communities. Our green lending expertise and commitment to serving low-income and disadvantaged communities will address skyrocketing energy costs and reduce air pollution in energy-cost and pollution-burdened communities.”
The Founders
In addition to Inclusiv, JCF is founded by the Community Builders of Color Coalition and led by a Board that includes the African American Alliance of CDFI CEOs, the National Association for Latino Community Asset Builders, National Bankers Association, Oweesta Corporation, Opportunity Finance Network, Partners for the Common Good, ImpactAssets, the Housing Partnership Network, and the Connecticut Green Bank.
Inclusiv said the JCF is also applying to the EPA’s Clean Communities Investment Accelerator (CCIA) program, which will award up to $6 billion to hub non-profits. The program will deploy seed capital to strengthen the capacity of nonprofit lenders to manage environmental projects.
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