Grant 84094201

Description

Description:this Agreement Provides Funding Under the Inflation Reduction Act (Ira) to Coalition for Green Capital (Cgc). The Recipient Will Utilize the Funding to Reduce Emissions of Greenhouse Gases and Other Air Pollutants; Deliver Benefits of Greenhouse Gas- and Air Pollution-Reducing Projects to American Communities, Particularly Low-Income and Disadvantaged Communities; and Mobilize Financing and Private Capital to Stimulate Additional Deployment of Greenhouse Gas- and Air Pollution-Reducing Projects. Specifically, the Recipient Will Create the Coalition for Green Capital Fund, Which Will Allow CGC to Both Invest Directly in Qualified Projects and Foster an Ecosystem of Green Banks, Community Lenders, and Community Partners by Providing Them with Capital, CO-Investment Opportunities, and Other Services. CGC Will Invest in Regional and National-Level Qualified Projects That Span Across States and Provide Significant Greenhouse Gas Reduction Fund (Ggrf) Program Objectives Benefits. Activities:the Activities Include Investments in Regional and National-Level Qualified Projects That Span Across States and Provide Significant Ggrf Program Objectives Benefits. CGC Will Also Provide Financial and Support Services to Facilitate the Use of Standardized Financial Products, Accelerate Recycling of Capital Sourced from Ggrf Grant Funds, and Expand Private Capital Investment in Qualified Projects in Low-Income and Disadvantaged Communities and Rural and Tribal Communities. Through These Efforts, CGC Will Strive to Support the Creation of a Self-Sustaining Nationwide Network of State and Local Green Banks to Drive the Deployment of Qualified Projects in or Directly Benefiting Every Low-Income and Disadvantaged Communities (Lidacs) Across the United States. Subrecipient:cgc Will Make Subawards to Named Coalition Members, Consistent with the Definitions Outlined in the Ncif Terms and Conditions. CGC May Also Make the Following Types of Subawards During the Period of Performance: Additional Subawards to Coalition Members to Provide Additional Financial Assistance, Subawards to Entities (E.g. State or Local Green Banks and Cdfis) to Enable Financial Assistance, Subawards for Predevelopment Activities, Subawards for Market Building Activities and Subawards for Program Administration Activities. Deliverables Will Include Projects Related to Distributed Energy Generation and Storage, Zero-Emissions Transportation, Net-Zero Emissions Buildings, Other Qualified Project Categories, Job Creation, CO2E Reductions and Health Benefits. Outcomes:the Anticipated Deliverables Include Deployment of Financial Assistance to Qualified Projects, Including Financial Assistance to Lidacs. Private Capital Mobilization and Reductions in CO2E. The Expected Outcomes Include the Creation of New Jobs, Cost Savings and a Reduction in Instances of Mortality, Heart Attacks, Hospital Admissions, Asthma and Lost Work Days. The Intended Beneficiaries Include Geographically Diverse Communities Across All Ten EPA Regions, Including Lidacs, Rural and Tribal Communities.