billion in community-based initiatives and investments , to build and lead a national financing program providing customized and affordable solutions for single-family and multi-family housing owners and developers — with at least 75 % of investments in low-income and disadvantaged communities .
Clean Communities Investment Accelerator ( CCIA ) Selectees
Under the $ 6 billion Clean Communities Investment Accelerator , the five selected applicants will establish hubs that provide funding and technical assistance to community lenders working in low-income and
• Climate United Fund ($ 6.97 billion award ), a nonprofit formed by Calvert Impact to partner with two U . S . Treasury-certified Community Development Financial Institutions ( CDFIs ), Self-Help Ventures Fund and Community Preservation Corporation . Together , these three nonprofit financial institutions bring a decades-long track record of successfully raising and deploying $ 30 billion in capital with a focus on low-income and disadvantaged communities . Climate United Fund ’ s program will focus on investing in harder-to-reach market segments like consumers , small businesses , small farms , community facilities , and schools — with at least 60 % of its investments in low-income and disadvantaged communities , 20 % in rural communities , and 10 % in Tribal communities .
• Coalition for Green Capital ($ 5 billion award ), a nonprofit with almost 15 years of experience helping establish and work with dozens of state , local , and nonprofit green banks that have already catalyzed $ 20 billion into qualified projects — and that have a pipeline of $ 30 billion of demand for green bank capital that could be coupled with more than twice that in private investment . The Coalition for Green Capital ’ s program will have particular emphasis on public-private investing and will leverage the existing and growing national network of green banks as a key distribution channel for investment — with at least 50 % of investments in low-income and disadvantaged communities .
• Power Forward Communities ($ 2 billion award ), a nonprofit coalition formed by five of the country ’ s most trusted housing , climate , and community investment groups that is dedicated to decarbonizing and transforming American housing to save homeowners and renters money , reinvest in communities , and tackle the climate crisis . The coalition members — Enterprise Community Partners , LISC ( Local Initiatives Support Corporation ), Rewiring America , Habitat for Humanity , and United Way — will draw on their decades of experience , which includes deploying over $ 100 www . fueloilnews . com | FUEL OIL NEWS | MAY 2024 27