Image source: Canva.com
Washington, D.C. (August 19, 2024) — Opportunity Finance Network (OFN) has been awarded $2.29 billion through the Environmental Protection Agency’s (EPA) Clean Community Investment Accelerator (CCIA) program, part of the $27 billion Greenhouse Gas Reduction Fund. The award is the largest under the CCIA and aims to transform clean energy finance within the community development finance industry.
“This is a transformative moment,” said OFN President and CEO Harold Pettigrew, noting the fund’s potential to deliver lower energy costs, clean energy jobs, and environmental benefits to underserved communities. EPA Administrator Michael S. Regan highlighted the importance of this historic funding in addressing climate impacts and revitalizing communities.
The CCIA program is set to expand climate lending and provide capital and technical support to community lenders. OFN will act as a hub for these resources, focusing on low-income and underinvested areas to reduce emissions and strengthen local economies.
Source: OFN.org
