FOR IMMEDIATE RELEASE
Inclusiv in First-Ever Coalition Applying for EPA Grants to Address Climate Crisis
Justice Climate Fund Well-Positioned to Benefit Community Development Credit Unions and The Communities They Serve
(Washington, DC/October 12, 2023)— Inclusiv today announced its participation 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.
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.
With its communities-first approach and coalition of mission-driven lenders and climate equity leaders, the JCF is well-positioned to reliably deploy intentional and coordinated investments that will lower carbon emissions and strengthen the country’s climate resilience at the community level. We are stronger together.
The JCF coalition brings decades of collective experience and billions of dollars in delivering a wide-range of improved outcomes for communities of color in low-income regions across the country – from affordable housing, improved health and cleaner transportation to lower energy costs and economic growth.
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, Inclusiv, National Bankers Association, Oweesta Corporation, Opportunity Finance Network, Partners for the Common Good, ImpactAssets, the Housing Partnership Network, and the Connecticut Green Bank.
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.
Founded in 1974, Inclusiv empowers its member credit unions to advance financial inclusion through advocacy, education, technology, and impact investment.
Inclusiv is a certified CDFI intermediary instrumental in driving private and public investment in credit unions to build wealth for individuals, households, businesses, and communities formerly excluded from the financial mainstream.
The Justice Climate Fund is a nonprofit that provides capital, leverages resources and supports zero-emission technologies in underserved communities across the country. JCF is founded by the Community Builders of Color Coalition. It is steered by a Board that includes the African American Alliance of CDFI CEOs, the National Association for Latino Community Asset Builders, Inclusiv, National Bankers Association, Oweesta Corporation, Opportunity Finance Network, Partners for the Common Good, ImpactAssets, the Housing Partnership Network and Connecticut Green Bank. They have come together to ensure that all communities equitably benefit from the GGRF. See www.justiceclimatefund.org.