Funded at $27 billion, the Greenhouse Gas Reduction Fund (GGRF) provides funding for states, Tribal Nations, municipalities, and other eligible entities to finance, provide technical assistance to, and build capacity to deploy low- or zero-emission technologies that will reduce greenhouse gas, carbon, and other pollutant emissions.
GGRF will distribute resources through three competitive programs:
- National Clean Investment Fund
- Clean Communities Investment Accelerator
- Solar For All
The Opportunity: Clean Communities Investment Accelerator (CCIA)
The Clean Communities Investment Accelerator (CCIA) competition will provide $6 billion to fund between two and seven ‘hub’ nonprofit organizations that possess the plans and capabilities to rapidly build the clean energy financing capacity of specific networks of public, quasi-public, and nonprofit community lenders – including Native and non-Native CDFIs, credit unions, green banks, housing finance agencies, and minority depository institutions – to ensure that households, small businesses, schools, and community institutions in low-income and disadvantaged communities have access to financing for cost-saving and pollution-reducing clean technology projects.