The Native CDFI Network (NCN) released its white paper providing a comprehensive overview of the funding opportunities available to Native CDFIs through the Greenhouse Gas Reduction Fund (GGRF), which is being administered by the U.S. Environmental Protection Agency (EPA). This white paper is intended to:
- provide Native CDFI members with a summary of the GGRF and how GGRF funding can be accessed by Native CDFIs to capitalize clean energy project loan programs;
- provide examples of the types of loan products Native CDFIs can develop – in conjunction with grants and other financial assistance – to finance clean energy projects in Native communities; and
- propose recommendations for next steps Native CDFIs can take to prepare for and access the GGRF.
Recently, EPA announced the launch of two Notices of Funding Opportunity (NOFOs) for $20 billion across two grant competitions under the historic $27 billion Greenhouse Gas Reduction Fund (GGRF), an Inflation Reduction Act program central to President Biden’s Investing in America Agenda and environmental justice goals. That announcement builds on the June 28 announcement of the GGRF’s $7 billion Solar for All competition.
GGRF INFORMATIONAL WEBINAR (JULY 27): To educate its members, partners, and other key Indian Country stakeholders, the Native CDFI Network (NCN) will be holding an informational webinar providing details on the GGRF on July 27 from 2:00 to 3:00 p.m. Eastern time.
To register for NCN’s GGRF informational webinar, please click here.
GGRF INTERESTED PARTNERS MEETING (AUGUST 3): NCN plans to apply as a “hub” applicant with a coalition of Native CDFI partners for the Clean Communities Investment Accelerator competition (see below) and also plans to create with partners an intertribal consortium to apply for the Solar for All competition. To discuss these applications, NCN will hold a meeting with interested Native CDFI and other partners on Thursday, August 3 from 2:00 to 3:00 p.m. Eastern time.
To register for NCN’s interested partners meeting, please click here.