NEW YORK–Inclusiv is reporting it has applied for the Environmental Protection Agency’s (EPA) $6 billion Greenhouse Gas Reduction Fund Clean Communities Investment Accelerator (CCIA).
The intent is to catalyze clean energy and energy efficiency lending in low-income and disadvantaged communities through locally owned and controlled credit unions, according to Inclusiv.
“CCIA will reduce greenhouse gas emissions, help energy cost burdened households save money on utility bills and improve health outcomes by reducing air pollution, all with a laser focus on equity,” Inclusiv said.
‘Groundbreaking Program’
According to Neda Arabshahi, VP-Inclusiv Center for Resiliency and Clean Energy, “CCIA is a groundbreaking program that will ensure low-income communities, Black, Hispanic, AAPI and Native communities, and pollution-burdened and climate-vulnerable communities benefit from clean energy and energy efficiency investments while building the capacity of community development credit unions to meet local climate finance needs.”
Inclusiv said it is a leader in mobilizing and training community development credit unions and other community lenders to develop clean energy and energy efficiency loan products that meet the needs of their communities.
‘Turbocharging’ Community
“Adding CCIA funding to Inclusiv’s in-depth training will turbocharge community development credit unions’ ability to meet their members’ needs for electric vehicle loans, energy efficiency home improvements, and clean energy technology like solar panels, and will have a transformative impact on building a more resilient and equitable economy,” the organization said.
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