Greenhouse Gas Reduction Fund
OFN was awarded $2.29 billion through the Clean Communities Investment Accelerator (CCIA), part of the EPA’s $27 billion Greenhouse Gas Reduction Fund (GGRF). Through this once-in-a-generation opportunity, OFN and mission-driven community lenders will transform the clean energy financing ecosystem nationwide.
About the Greenhouse Gas Reduction Fund
Authorized under the Inflation Reduction Act and administered by the EPA, GGRF is a $27 billion federal investment that addresses the climate crisis, especially in the rural, urban, and Native communities most impacted by climate change and left behind by mainstream finance.
GGRF Goals
- Mobilize public financing and private capital to address the climate crisis
- Ensure U.S. economic competitiveness
- Promote energy independence while delivering community benefits
GGRF will be implemented through three integrated programs: the National Clean Investment Fund, the Clean Communities Investment Accelerator, and Solar for All.
About the Clean Communities Investment Accelerator
The $6 billion Clean Communities Investment Accelerator (CCIA), part of the Greenhouse Gas Reduction Fund, provides funding to national nonprofit hubs to deliver financial resources and technical assistance to build the capacity of community lenders for climate and clean energy financing.
OFN’s Approach to CCIA
OFN’s CCIA program will deliver lower energy costs, cleaner air, healthier communities, quality clean energy jobs, and economic revitalization in underinvested communities.
As a resource hub for mission-driven community lenders, OFN will invest in mission lenders nationwide to transform the market for clean energy finance and advance a just clean energy transition.
In addition to funding and technical assistance, we will support OFN members wherever they are on their climate lending journey — from beginner to experienced — with a comprehensive set of tailored resources and programming.
More Information
OFN’s CCIA Pilot Round
We are launching our CCIA program with a pilot round of funding for a small cohort of OFN member applicants. Through our member-forward approach, we will test, learn, and gather feedback during the pilot to ensure a smooth experience for our members in future application rounds.
For members that are not ready to apply for CCIA funding, we are piloting our Nascent Climate Lender Training Program, a six-month program to accelerate mission lenders’ journey to climate lending.
During the pilot and beyond, OFN will build our members’ climate lending capacity with tailored resources and programming to help our members participate in CCIA. We anticipate opening the first full application round in early 2025.
Over the coming year, our strategy is to test, learn, build, scale, and support.
Apply for Pilot Round Funding
The application for our CCIA Pilot Round of Capitalization Funding and Technical Assistance subawards is now open for eligible OFN members.
Apply for Pilot Climate Lender Training
The application for our CCIA Nascent Climate Lender Training Pilot Program is now open for OFN members new to climate lending.
Get Involved in CCIA
Join OFN
We invite mission-driven community lenders who meet OFN’s membership criteria to apply for membership and participate in the CCIA program.
Partner with OFN
If you or your organization is interested in partnering with OFN on the historic CCIA program, we want to hear from you.
Stay in Touch
Sign up to receive the latest news and information from OFN about climate finance and all things related to OFN’s CCIA program and the Greenhouse Gas Reduction Fund.
Get Help
If you need support with the CCIA application and cannot find the answer on our website resources, please complete this form to request assistance.
CCIA Application Support Request (Help Desk)
All other questions about OFN and the Greenhouse Gas Reduction Fund or the Clean Communities Investment Accelerator should be directed to [email protected]. Please allow several business days for us to respond.