Grant 84094101

Description

Description:this Agreement Provides Funding Under the Inflation Reduction Act (Ira) to Justice Climate Fund, Inc. The Recipient Will Provide Funding and Technical Assistance to Community Lenders Who Will in Turn Finance Clean Technology Deployment in Low-Income and Disadvantaged Communities While Simultaneously Building the Capacity of the Community Lenders to Draw on That Capital to Catalyze Deployment of Projects in Communities Across the Countrymdash;especially in Communities That Have Long Faced Barriers Accessing Capital and That Most Need the Benefits of Clean Technology Projects. Specifically, the Recipient Will Enable Community Lenders in Its Nationwide, Low-Income and Disadvantaged Communities (Lidac) Focused Community Development Bank and Minority Depository Institutions (Mdi) Network and Community Lenders Not Covered by Other Applicants to Gain the Necessary Skills, Tools, and Relationships to Successfully Deploy Affordable, Responsible Green Lending for Lidac Households, Businesses and Communities. The Recipient Will Accelerate Community Lender Capacity to Finance Priority Qualified Projects That Meet Community Needs, Based on the Objective Merits and Spectrum of Benefits to Lidacs of Such Projects, Nationwide. Activities:the Recipient Anticipates Funding Distributed Energy Generation and Storage, Net-Zero Emissions Buildings, and Zero-Emissions Transportation Activities (Greenhouse Gas Reduction Fund Priority Project Categories) in Low-Income and Disadvantaged Communities Through Its Nationwide Community Lender Network. Community Lenders in This Nationwide Network Selected to Facilitate These Activities Will Have Access to Capitalization Funding, Technical Assistance Funding, and Technical Assistance Services. Subrecipient:the Recipient Will Enable Community Lenders in Its Nationwide, Low-Income and Disadvantaged Communities (Lidac) Focused Community Development Bank and Minority Depository Institutions (Mdi) Network and Community Lenders Not Covered by Other Applicants to Gain the Necessary Skills, Tools, and Relationships to Successfully Deploy Affordable, Responsible Green Lending for Lidac Households, Businesses and Communities. Subawards Will Be Provided to Community Lenders as Capitalization Funding Intended to Enable Distributed Energy Generation and Storage, Net-Zero Emissions Buildings, and Zero-Emissions Transportation Activities (Greenhouse Gas Reduction Fund Priority Project Categories) in Low-Income and Disadvantaged Communities Through Its Nationwide Community Lender Network. Moreover, Subawards Will Be Provided to Entities Providing Technical Assistance and Technical Assistance Services to Community Lenders for the Development and Deployment of These Activities Such as Product Platform Development, Training and Content Development, Community Engagement, Market Development, Reporting Assistance, and Expert Resources.outcomes:the Recipient's Anticipated Deliverables Include Capitalization Funding and Ta Subawards to Community Lenders. Expected Outcomes Include Climate and Air Pollution Benefits (E.g., Greenhouse Gas Emissions Reductions, Improved Health Outcomes Due to Improved Indoor and Outdoor Air Quality), Equity and Community Benefits (E.g., Direct and Indirect Job Creation, Household Cost Savings), and Market Transformation Benefits (E.g., Mobilization of Private Capital, DE-Risking Strategies, New Green Lending). The Beneficiaries of These Deliverables Are Low-Income and Disadvantaged Communities Located Nationwide, Including Persistent Poverty, Energy, Tribal, and Rural Communities.