Image source: Canva.com
On October 10, Opportunity Finance Network (OFN) officially launched its Clean Community Investment Accelerator (CCIA) program with an initial round of funding and technical assistance. The program aimed to support community lenders in driving a clean and just energy transition, marking a significant step forward for the Greenhouse Gas Reduction Fund. OFN focused on enhancing member climate lending capacity by offering tailored resources, support, and guidance to demystify the program’s process.
During the launch, OFN held a webinar to provide key information about the CCIA program, including its purpose, eligibility requirements, and pilot application details. The pilot round targeted a select cohort of OFN members, offering capitalization and training to refine the process for a broader rollout in early 2025. Additionally, OFN introduced its Nascent Climate Lender Training, a six-month initiative to help organizations build their capacity as emerging climate lenders.
The program’s strategy involved testing, learning, and scaling over the next year to build a strong foundation for capital deployment and training. OFN encouraged members to review the webinar materials and access resources like the CCIA project eligibility summary and the Climate Lending Practitioner Resource Library.
OFN expressed excitement about advancing this initiative, with the goal of creating a future where American families benefit from lower energy costs, cleaner air, and revitalized communities.
