The Greenlining Institute to Support Implementation of $940 million of EPA’s Greenhouse Gas Reduction Fund to Drive Climate Dollars to Low-Income Disadvantaged Communities

(Oakland, CA) - The Greenlining Institute is proud to announce it has been selected, as part of the Justice Climate Fund application, to support the Environmental Protection Agency's implementation of the Greenhouse Gas Reduction Fund through the Clean Communities Investment Accelerator. This grant will support JCF's efforts to connect underserved communities with financing to promote clean energy, reduce emissions, and invest in communities of color and low-income communities disproportionately impacted by climate change.

Statement from Debra Gore-Mann, President & CEO at The Greenlining Institute:

"The Greenhouse Gas Reduction Fund is a historic opportunity to drive billions of dollars towards addressing the challenges posed by climate change through a lens of racial and environmental equity. This funding will not only support a healthier, more just climate future for all, but will also shape our economy to be more inclusive and sustainable.

This investment will allow The Greenlining Institute, as a member of the Justice Climate Fund, to provide racial equity-driven technical assistance and guidance to Community Development Financial Institutions and other financial institutions that will provide financing to communities of color and low-income communities. Formerly redlined communities have faced decades of disinvestment, making them more vulnerable to the devastating impacts of climate change, while facing higher barriers to accessing the resources and support they need to build climate resilience. Financial institutions must recognize their responsibility in addressing these historical injustices, and that's precisely the goal JCF seeks to accomplish by supporting the EPA's implementation of GGRF.

Greenlining has a long history as a bridge builder between financial institutions and underserved communities. Over our three decades, we've worked to develop Community Benefit Agreements and advocate for financial services and projects, in addition to our work through Greenlining the Block to connect community-based organizations with the resources and support they need to tap into federal and state climate funding. Our experience has shown us what it takes to maximize community impact of private and public dollars. By serving as community engagement sub-recipients, we will apply our racial equity and community-centered expertise to ensure investments reach underserved communities, while maximizing wealth-building opportunities and community ownership of climate solutions."

Greenlining is also a member of the Advisory Council for Climate United, an awardee of $6.97 billion from the National Clean Investment Fund, to provide guidance on ensuring products and services meaningfully reach historically underinvested communities. Greenlining also participates in the GGRF Equity and Governance Best Practices Alliance, working to promote equity and environmental justice through the implementation of the GGRF.

To learn more about The Greenlining Institute, visit www.greenlining.org.

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About Justice Climate Fund

JCF is a purpose-built nonprofit financial institution that is building the field and deploying capital through Community Development Financial Institutions, credit unions, Minority Depository Institutions and green banks to enable families, communities and businesses to save money while investing in a greener and safer future. JCF submitted an innovative plan to the EPA's GGRF to affordably finance clean energy projects that promise to deliver healthier air, greener transportation, cleaner water, and better-paying jobs to communities across the country.

About Climate United

Climate United is a partnership of three non-profits-Calvert Impact, The Community Preservation Corporation (CPC), and Self-Help-that are complementary in their expertise and like-minded about the imperative to make sure that all Americans, particularly those bearing the greatest burden from the climate crisis, participate in and benefit from the movement to reduce carbon emissions. Between them, the organizations have more than 120 years of experience directly deploying more than $30 billion to address climate change or assist communities that are disproportionately affected by climate change. Multiple deployment and implementation partners will join the core partners to assist with managing and mobilizing the National Clean Investment Fund established by the Environmental Protection Agency as part of the Inflation Reduction Act.

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