Posted on 04/04/2024 6:24:14 AM PDT by Oldeconomybuyer
The Biden administration announced recipients of the climate law’s biggest grant program Thursday, kicking off a $20 billion effort to transform community lending and green the U.S. economy.
EPA will award eight initial grants under the Greenhouse Gas Reduction Fund, ranging in size from $400 million to almost $7 billion. The largest award will go to Climate United, a partnership that includes a nonprofit impact investment firm and two affordable housing lenders.
EPA chose three nonprofits — Climate United, Coalition for Green Capital and Power Forward Communities — to distribute a total of $14 billion in capital to finance projects like community and residential solar installations, electric delivery vans and energy-efficient multifamily housing. The agency will also award five grants, totaling $6 billion, aimed at building green lending capacity at nonprofit community development financial institutions (CDFIs) and credit unions that already serve disadvantaged communities.
The capital EPA hands off to those nonprofits will be disbursed to a broader universe of nonprofit lending institutions over the seven-year life of the program. EPA hopes the program will irrevocably change the way such institutions approach lending for distributed power, electric transportation and energy-efficient buildings.
EPA will also make five awards under the $6 billion CCIA program. Those grants range from $2.3 billion for the Opportunity Finance Network — a CDFI intermediary — down to $400 million for the Native CDFI Network, which supports nonprofit Native American lenders on reservations and in cities. CDFI Appalachian Community Capital, CDFI intermediary Inclusiv and nonprofit Justice Climate Fund will also receive grants under the program.
(Excerpt) Read more at eenews.net ...
It’s nothing more than a domestic Peace Corps similar to Americorp. It’s designed to turn its people into lifelong democrats. Waste of money and doesn’t change anything. All 3 should be on the chopping block along with PBS.
Yep. And TWENTY BILLION of it. This is pure vote buying.
Where the hell does EPA get the budget or authority to do this?
“How did you go bankrupt?”
“Slowly at first, then all at once.”
By what authority do they do this?
Where does the money come from?
(We know the answers.)
(The real questions is:
Why do we STAND for this!?)
Man made “climate change” is the biggest and most evil con ever conceived. Evil because it is being perpetrated by our own government to enslave us.
Grants are poisonous
Is that a ytning like the al Gore “Lock Box” which got picked and depleted in no time flat?
More democrat money laundering
it’s a religion to these psychos
“ Why do we STAND for this!?”
How do you fight it? The ballot box? Probably 65% of Congress voted for this crap.
“The largest award will go to Climate United, a partnership that includes a nonprofit impact investment firm and two affordable housing lenders.”
Well, who’s name pops up when you look at the board of Climate United?
“Our Board of Directors
Phil Angelides”
https://weareclimateunited.org/our-people
Well who is Phil?
“The incumbent Republican Governor, Arnold Schwarzenegger, won re-election for his first and only full term. His main opponent was California State Treasurer Phil Angelides, the California Democratic Party nominee”
https://en.wikipedia.org/wiki/2006_California_gubernatorial_election
Isn’t that convenient?
Taxpayer funds allocated to private politically biased groups to sell and support a politicAl agenda, and in the long run insert “party perogatives” into federal agencies operations.
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