Grant 84096101

Description

Description:this Agreement Provides Funding Under the Inflation Reduction Act (Ira) to Native Cdfi Network (Ncn). 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 Clean Energy 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 Is Committed to Developing a Robust Clean Energy Finance Ecosystem That Will Support Ncn's Community Lender Network in Deploying Capital for Clean Energy, Energy Efficiency, and Decarbonization Projects Across Native and Other Disadvantaged Communities for Decades. NCN Will Work with 63 Community Lenders Who Have Committed to Spending 100% of Their Capitalization Funding on Ccia-Eligible Projects Directly Benefiting Low-Income and Disadvantaged Communities, Including Those Located on Federally Recognized Tribal Lands. Activities:the Activities That NCN Anticipates Being Funded Through Their Community Lender Network Include Rooftop and Community Solar Installation, Renewable Microgrids, the New Construction and Retrofitting of Net-Zero Buildings in the Proposed Communities, Including Residential Buildings, Community Houses, Medical Centers, and Municipal Buildings. Additional Projects Include Financing Fleet Electrification, Ev Charging Infrastructure Projects, and Providing Personal Auto Loans for Evs or Plug-IN Hybrid Vehicles. Technical Assistance Will Address Knowledge Gaps and Support Expansion of Products and Services to Support Clean Energy Financing Such as Loan Product Development and Training, Finance Engineering for Sustained Financing, Clean Energy Project Development and Implementation, and Other Critical Support Services. The Proposed Program Will Also Provide Capitalization Funding to Each Lender to Support Greenhouse Gas Reduction Fund (Ggrf) Priority Projects in Native and Other Disadvantaged Communities and Support the Measurement and Verification of Project Benefits to Those Communities. Subrecipient: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 Country. Specifically, the Recipient Is Committed to Developing a Robust Clean Energy Finance Ecosystem That Will Support Ncn's Community Lender Network in Deploying Capital for Clean Energy, Energy Efficiency, and Decarbonization Projects Across Native and Other Disadvantaged Communities for Decades. NCN Will Work with 63 Community Lenders Who Have Committed to Spending 100% of Their Capitalization Funding on Ccia-Eligible Projects Directly Benefiting Low-Income and Disadvantaged Communities, Including Those Located on Federally Recognized Tribal Lands. The Activities That NCN Anticipates Being Funded Through Their Community Lender Network Include Rooftop and Community Solar Installation, Renewable Microgrids, the New Construction and Retrofitting of Net-Zero Buildings in the Proposed Communities, Including Residential Buildings, Community Houses, Medical Centers, and Municipal Buildings. Additional Projects Include Financing Fleet Electrification, Ev Charging Infrastructure Projects, and Providing Personal Auto Loans for Evs or Plug-IN Hybrid Vehicles. NCN Anticipates That Its Community Lender Network Will Finance Distributed Energy and Storage Projects; Net-Zero Building Retrofits; New Net-Zero Building Construction; Clean Transportation; and Other Qualified Projects, Including Electric Vehicles. Technical Assistance Subawards Will Address