20 Billion in Grant Competitions to Advance Clean Technology Projects in Communities
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, an Inflation Reduction Act program central to President Biden's Investing in America Agenda and environmental justice goals. The $14 billion National Clean Investment Fund will provide grants to support two-to-three national clean financing institutions, enabling them to partner with the private sector to provide accessible, affordable financing for tens of thousands of clean technology projects nationwide. The $6 billion Clean Communities Investment Accelerator will provide grants to support up to seven hub nonprofit organizations, enabling them to provide funding and technical assistance to public, quasi-public, not-for-profit, and non-profit community lenders working in communities with environmental justice concerns--supporting the goal that every community in the country has access to the resources they need to fund clean technology projects. Please find the National Clean Investment Fund NOFO here and the Clean Communities Investment Accelerator NOFO here.