National Clean Investment Fund
Under the $14 billion National Clean Investment Fund (NCIF) program, the three grant recipients are establishing national clean financing institutions that deliver accessible, affordable financing for clean technology projects nationwide. These recipients are partnering with private-sector investors, developers, community organizations, and others to deploy projects, mobilize private capital at scale, and enable millions of Americans to benefit from the program through energy bill savings, cleaner air, job creation, and more. All three grant recipients are dedicating a minimum of 40% of capital to low-income and disadvantaged communities. Read the detailed press release on the selection of these three applications.
Included below are each NCIF recipient's name, award amount, brief program description, and links to their workplan, webpage, and contact information. If interested, please use this information to contact a grant recipient(s) directly about eligible projects.
Disclaimer: The workplans linked below are identical to those that each recipient revised from their initial application to reflect adjustments made during workplan negotiations with EPA (e.g., narrative corrections, revisions to workplan activities due to amount of funding received, deliverable clarifications, updates to ensure compliance with statutes, regulations, and award terms and conditions). These were finalized and submitted to EPA after their initial selection in April 2024. Information within the workplans that is subject to a Confidential Business Information (CBI) claim or that may be Personally Identifiable Information (PII) is redacted accordingly.
Climate United Fund
- Award Amount: $6,970,000,000
- Description: Climate United Fund (CUF) is a national nonprofit coalition focused on delivering accessible, affordable financing to accelerate our path to a clean energy future. Coalition partners Calvert Impact, Community Preservation Corporation, and Self-Help Ventures Fund have successfully raised, invested, and managed nearly $30 billion of private and institutional capital to increase environmental sustainability and unlock new, lasting economic opportunities in low-income and disadvantaged communities. With its $6.97 billion award, CUF and its partners will originate, aggregate, and securitize a suite of standardized financial products for qualified projects like energy efficient homes, electrification upgrades, and solar installations; make direct investments into community lenders and other partners to drive private investment into qualified projects; and develop customized financing solutions to make critical decarbonization projects a reality. CUF and its partners will deploy these financial products across many sectors of the economy, addressing barriers to capital access for decarbonization projects across seven market segments: consumers, multi-family housing, community infrastructure, small businesses and small farms, schools and minority-serving institutions, community solar, and electric vehicle infrastructure. At least 60% of its investments will be in low-income and disadvantaged communities; 20% in rural communities; and 10% in Tribal communities. In preparation to deliver financing across the country, the program has already built a diverse pipeline of projects and partnerships that span all 50 states, the District of Columbia, and Puerto Rico as well as many Tribal Lands – with hundreds of local, regional, and national partners. These partners include all the selected grantees under the CCIA, enabling community lenders to first build capacity and access larger sources of capital for qualified projects in harder-to-reach communities. The mobilization of this funding will ensure all communities, no matter their socioeconomic status, will have access to the capital they need to fund clean energy infrastructure for years to come.
- Workplan: NCIF Workplan - Climate United Fund (pdf)
- Contact Information: Visit Climate United Fund's webpage to learn more. Connect with CUF directly via its partner intake form and/or by emailing the Climate United Fund.
Coalition for Green Capital
- Award Amount: $5,000,000,000
- Description: Coalition for Green Capital (CGC) has nearly 15 years of experience establishing state, local, and nonprofit green banks that have collectively invested in qualified projects $25.4 billion comprising public and private funds. With its $5 billion award, the CGC team will operate the first United States national green bank. It will invest directly in qualified projects and create and support a network of green lenders in every state. CGC will facilitate the use of standardized financial products, accelerate recycling of capital sourced from grant funds, and expand private capital investment in qualified projects in low-income and disadvantaged communities and rural and tribal communities. CGC and its network members will make investments in qualified projects through loans, guarantees, credit enhancements, and equity investments to achieve the goals of the Greenhouse Gas Reduction Fund. It and its members will provide capital to developers, financial partners, consumers, small businesses, nonprofits, and community benefit organizations. It will mobilize increasing amounts of private capital to ensure that it benefits all low-income and disadvantaged communities in the United States. CGC will fund qualified projects in all the relevant commercial markets, and at least 50% of its investments will be in low-income and disadvantaged communities. To accomplish its mission, CGC's national network will be composed of self-sustaining state and local lenders – including green banks, Community Development Financial Institutions (CDFIs), Community Development Credit Unions (CDCUs), and other community investors – that accelerate the construction of the clean power platform in every American community.
- Workplan: NCIF Workplan - Coalition for Green Capital (pdf)
- Contact Information: Visit the Coalition for Green Capital's webpage to learn more and to connect with CGC directly through their intake form.
Power Forward Communities
- Award Amount: $2,000,000,000
- Description: Power Forward Communities (PFC) is a nonprofit coalition formed by five of the country’s most trusted housing, climate, and community investment groups that is dedicated to decarbonizing and transforming American housing to save homeowners and renters money, reinvest in communities, and tackle the climate crisis. Together, PFC will build and lead a national financing program to provide customized and affordable capital solutions for single-family and multi-family housing owners and developers, driving down costs and creating stronger, more affordable, more resilient homes. PFC is organized by Enterprise Community Partners and Local Initiatives Support Corporation (LISC), two of the largest U.S. Treasury-certified Community Development Financial Institutions (CDFIs) that have together deployed capital across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands since 1979; United Way, a national nonprofit that is deeply embedded in communities across the country; Habitat for Humanity, one of the largest nonprofit builders of affordable single-family homes in the country; and Rewiring America, a leading electrification nonprofit focused on electrifying homes, businesses, and communities. Together, these five organizations have already deployed over $100 billion in community-based initiatives and investments. With its $2 billion award, PFC will collectively harness these five organizations – including their decades of experience and nationwide reach – to deploy a unique combination of financing, market-building, and community engagement strategies from big cities to small towns to rural and Tribal regions and everywhere in between. These efforts are expected to save families money on their utility bills as well as improve the health, safety, and comfort of their homes. In addition to providing financing and know-how, PFC’s work will create jobs, preserve and produce new affordable rental homes, and increase the supply of and demand for clean technologies – transforming the zero-emissions housing marketplace and bringing down costs.
- Workplan: NCIF Workplan - Power Forward Communities, Inc. (pdf)
- Contact Information: Visit Power Forward Communities’ webpage to learn more. Connect with PFC directly by by emailing Power Forward Communities.
Note: If you have any accessibility challenges with the workplans, please email Greenhouse Gas Reduction Fund. To enable EPA to respond in a manner most helpful to you, please indicate the nature of the accessibility issue, the web address of the requested material, and your contact information.