Municipal Investment Fund

The Coalition for Green Capital (CGC) announced the launch of the Municipal Investment Fund (MIF) Request for Proposals (RFP)  with ICLEI – Local Governments for Sustainability USA (ICLEI USA) in January 2025. The fund is a transformative $60 million grant opportunity for 100+ communities to originate their own projects and for up to 10 communities to become the focus of concentrated investment and local economic development.

What you need to know:

Phase I: 100+ Qualified Communities are Chosen to Build Public-Private Partnership Plans

CGC and ICLEI USA will select up to 104 communities, two communities from every state, as well as up to four Tribes, the District of Columbia, or local governments in federal territories. Qualified communities will receive up to $250,000 in market-building grants and technical support from ICLEI USA to develop public-private partnership plans that can finance NCIF-qualified projects. Interested communities submitted a short proposal to ICLEI USA by March 5, 2025. 

As of April 2025, the Municipal Investment Fund (MIF) received 112 applications from 46 states, DC, and Puerto Rico including 8 Tribal applicants from Alaska, Louisiana, Minnesota, Oklahoma, South Dakota, and Wisconsin who want to develop their own public-private partnerships to invest in NCIF qualified projects and lower costs for consumers in their state. CGC and ICLEI are currently reviewing all submissions, however, the Municipal Investment Fund is contingent on availability of funding.