Inclusiv and SaverLife Launch Collaborative to Support Climate Resiliency for Low Income Communities at U.S. Treasury Event
FOR IMMEDIATE RELEASE
February 12, 2024, New York, NY – On Monday, February 12, Inclusiv and SaverLife were honored to attend How the IRA Transforms American Homes hosted by the U.S. Department of the Treasury at the White House to launch a groundbreaking collaborative that will lift up innovative solutions that both address climate change and support the financial well-being of households with low incomes. The event was led by U.S. Department of Treasury Deputy Secretary Wally Adeyemo and Senior Advisor to the President for Clean Energy Innovation and Implementation John Podesta. The collaborative, Community Finance for Climate Action, launched by Inclusiv and SaverLife, supports low-income households to reduce their energy cost burden, strengthen their financial stability, and increase job, business, and economic opportunity. The collaborative will track the financial impacts of climate change on households living with low incomes and bring their experiences to light; engage with impacted households and those who serve them to identify effective solutions; and generate meaningful engagement and collaboration throughout the financial health field.
“This event is a testament to Treasury’s commitment to effectively mobilize the Inflation Reduction Act and ensure its consumer benefits will help achieve the intended outcomes for the communities most impacted by climate change,” said Neda Arabshahi, SVP, Inclusiv Center for Resiliency and Clean Energy.
“It was an honor to be at the White House today to represent SaverLife and the experiences of our members. The creation of Community Finance for Climate Action will unlock opportunities for collaborations across the financial health field and empower us to take actions that can address the impacts of climate change on the financial health of households across the country,” said Leigh Phillips, President and CEO, SaverLife.
Inclusiv and SaverLife will feature the Community Finance for Climate Action at the Inclusiv Conference 50 on May 7-9 in New York City. Join us to learn how you too can take part in the growing movement to combat climate change and strengthen low-income communities’ financial and climate resilience.
Neda Arabshahi and Leigh Phillips at the White House
About Inclusiv: Inclusiv is the largest network of CDFI and MDI lenders in the nation with 510 network members in 48 states, DC, Puerto Rico and USVI. The Inclusiv Center for Resiliency and Clean Energy delivers training and technical assistance in climate finance to hundreds of community lenders around the country. Its network lends in 79% of all low-income and disadvantaged communities in the United States and its territories.
About SaverLife: SaverLife is a nonprofit and advocacy organization using technology to improve the financial health of people living on low-to-moderate incomes. SaverLife’s work is guided directly by the financial data, personal stories, and life experiences shared by their 650,000+ members across the United States. In 2023, SaverLife launched The Downpour, a major research initiative to examine the financial health impacts of climate change on households with low-incomes.