Inclusiv Statement on EPA’s Court Filing Attempting to Terminate the Clean Communities Investment Accelerator
FOR IMMEDIATE RELEASE
New York, NY (March 18th, 2025) – Inclusiv, one of five CCIA (Clean Communities Investment Accelerator) grant recipients under the Green House Gas Reduction Fund (GGRF) released the following statement reacting to EPA’s court filing yesterday:
Yesterday, as directed by the D.C. District Court, the U.S. Environmental Protection Agency, (EPA) filed a declaration presenting its purported basis for its attempted termination of the Greenhouse Gas Reduction Fund, which includes the National Clean Investment Fund and the Clean Communities Investment Accelerator (CCIA). The EPA declaration does not offer any evidence in support of their claims for lawfully terminating the agreements of the eight GGRF recipients. Instead, the declaration reinforces our position that their actions are based on factual inaccuracies and misinformation. Contrary to EPA’s claims, Inclusiv and other grantees went through a rigorous and competitive process to be selected to receive GGRF funds and since then have been meeting our obligations in accordance with our award agreement with the EPA. Inclusiv is eager to work with EPA and Citi to unlock the funds dedicated for credit union lenders. We continue to be responsive to EPA requests for information and have developed our process with transparency and care.
The EPA actions are blocking many low-income people and communities from receiving essential investments for energy independence. Inclusiv hasn’t been able to disburse $651 million to the 108 credit unions and Puerto Rican cooperativas we selected to receive CCIA grants in our first round of awards. These are 108 regulated financial institutions serving close to 5 million Americans in 27 states and Puerto Rico. This important stream of funding will allow American families to access affordable financing for heating and cooling systems and other clean energy upgrades that will lower their already expensive energy bills while also protecting them from extreme heat and cold weather impacts.
Our track record speaks for itself. Over the course of our 50-year history, Inclusiv has raised and deployed about $500 million in community development capital through credit unions, leveraging more than $3 billion in both public and private sector investment to spur local economic development. Our CCIA program is no different. It will further boost local economies by leveraging these Congressionally allocated dollars three-to-one to attract private investment into communities that really need it.
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