Project Grant 84094301

DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING UNDER THE INFLATION REDUCTION ACT (IRA) TO INCLUSIV. 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'S CCIA PROGRAM WILL ACHIEVE A SWEEPING CLEAN ENERGY MARKET TRANSFORMATION, CATALYZING CREDIT UNIONS TO ENGAGE IN EQUITABLE CLIMATE FINANCE. INCLUSIV'S CCIA CREDIT UNION NETWORK WILL LAUNCH AND SCALE LENDING IN LOW-INCOME AND DISADVANTAGED COMMUNITIES THAT SUPPORT ALL CCIA-ELIGIBLE PRIORITY PROJECT CATEGORIES. INCLUSIV IS UNIQUELY POSITIONED AS A HUB NONPROFIT TO ENABLE THIS VAST NETWORK OF COMMUNITY LENDERS TO FINANCE CLEAN TECHNOLOGY PROJECTS IN BUILDING RETROFITS, TRANSPORTATION, AND DISTRIBUTED ENERGY THAT SUPPORT AFFORDABILITY AND DEEPEN ACCESS AND IMPACT IN LOW-INCOME AND DISADVANTAGED COMMUNITIES, IN PERPETUITY. ACTIVITIES:THE ACTIVITIES INCLUDE THE DEPLOYMENT OF CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO SCALE CREDIT UNION CLEAN ENERGY LENDING, MAKING GREEN PROJECTS ACCESSIBLE IN LOW-INCOME AND DISADVANTAGED COMMUNITIES FOR THE FIRST TIME. INCLUSIV WILL TRAIN, SUPPORT, AND ONBOARD A NETWORK OF COMMUNITY LENDERS THAT WILL LEVERAGE CCIA GRANT DOLLARS TO MOBILIZE FINANCING AND PRIVATE CAPITAL TO FINANCE CCIA-ELIGIBLE CLEAN TECHNOLOGY PROJECTS THAT BENEFIT CONSUMERS, HOMEOWNERS, SMALL BUSINESSES, AND OTHER COMMUNITY MEMBERS IN LOW-INCOME AND DISADVANTAGED COMMUNITIES WHILE REDUCING GREENHOUSE GAS EMISSIONS, LOWERING ENERGY COST BURDEN, AND BUILDING CLEAN, SAFE, AND RESILIENT ENERGY SYSTEMS FOR ALL PEOPLE. SUBRECIPIENT:THE RECIPIENT WILL PROVIDE CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO COMMUNITY LENDERS, WHICH WILL BE USED TO LEVERAGE AND MOBILIZE PRIVATE CAPITAL AND ULTIMATELY FINANCE CCIA-ELIGIBLE PROJECTS IN LOW-INCOME AND DISADVANTAGED COMMUNITIES, INCLUDING HOUSEHOLDS AND BUSINESSES, IN BOTH THE SHORT- AND LONG-TERM. SPECIFICALLY, INCLUSIV WILL REACH AND GROW ITS CREDIT UNION NETWORK, WHO IN TURN, VIA SUBAWARDS, WILL FINANCE CLEAN ENERGY PROJECTS SPANNING DISTRIBUTED ENERGY GENERATION AND STORAGE (E.G., ROOFTOP SOLAR, SOLAR PLUS STORAGE), NET-ZERO EMISSIONS BUILDINGS (E.G., SINGLE- AND MULTI-FAMILY RESIDENTIAL RETROFITS, ENERGY EFFICIENT APPLIANCES, HEAT PUMPS), AND ZERO EMISSIONS TRANSPORTATION (E.G., ELECTRIC VEHICLES, ELECTRIC VEHICLE CHARGING STATIONS) IN LOW-INCOME AND DISADVANTAGED COMMUNITIES. AS DEPOSITORIES, CREDIT UNIONS CONTINUOUSLY RECYCLE AND LEVERAGE LOAN CAPITAL INTO NEW LOANS, MEANING THEY WILL DEEPEN IMPACT FOR YEARS AFTER THEIR INITIAL DIRECT LEVERAGE OF CCIA CAPITAL.OUTCOMES:THE ANTICIPATED DELIVERABLES INCLUDE CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO COMMUNITY LENDERS (E.G., CDFIS, MDFIS, AND COOPERATIVAS), WITH 100% OF CCIA GRANT FUNDS DEPLOYED FOR THE PURPOSES OF PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE SERVING LOW-INCOME AND DISADVANTAGED COMMUNITIES. THE EXPECTED OUTCOMES SPAN ALL THREE PROGRAM OBJECTIVES AND INCLUDE REDUCED OR AVOIDED GREENHOUSE GAS EMISSIONS AND OTHER AIR POLLUTANTS, ENHANCED HEALTH AND ECONOMIC OUTCOMES (E.G., INDOOR AIR QUALITY, RESILIENCE, REDUCED ENERGY BURDEN, REDUCED HOUSING COST BURDEN, JOB TRAINING AND HIRING, COMMUNITY WEALTH/OWNERSHIP, ENTREPRENEURSHIP) FOR LOW-INCOME AND DISADVANTAGED COMMUNITIES, AND AN INCREASED SHARE OF COMMUNITY LENDERS WITH CLEAN LENDING PROGRAMS AND AN INCREASED VOLUME OF CLEAN CAPITAL DEPLOYED BY THEM. THE INTENDED BENEFICIARIES INCLUDE LOW-INCOME AND DISADVANTAGED COMMUNITIES, INCLUDING HOUSEHOLDS AND BUSINESSES, IN ALL EPA REGIONS.