The Coalition for Green Capital submitted the below notice of intent to partner to the Environmental Protection Agency (EPA) regarding the Greenhouse Gas Reduction Fund.
Name – Coalition for Green Capital (CGC) dba American Green Bank Consortium
Organization Description –
CGC is a national 501 (c) 3 nonprofit that for more than 10 years has championed a national green bank and the associated network of state and local green finance institutions (including green banks, CDFIs, and credit unions) dedicated to accelerating with public-private investment the move from carbon to clean power, with a focus on low income and disadvantaged communities.
CGC wishes to capitalize a national green bank to invest directly and support a local and state network of green banks, cdfis, credit unions, and all recipients of GGRF funds with funding and technical expertise to invest in “qualified projects” for the benefit of and physically in every low income and disadvantaged community in the United States.
Grant description –
CGC intends to catalyze and support investing by local institutions in “qualified projects” in every low-income and disadvantaged community in every state, territory and tribal area.
States and territories –
AL AK AZ AR AS CA CO DE FL GA GU HI ID IN IA KS KY LA ME MD MI MN MS MO MT NE NV NH NJ NM NY NC ND MP OK OR PA RI SC SD TN TX TT UT VT VA VI WA WV WI WY
Grant description –
CGC believes that every state, territory and tribal area should have at least one sustainable finance institution and that all these institutions should be supported by and in a network that CGC as the national green bank supports with funding and technical assistance. To this end, CGC seeks to partner with local municipalities and nonprofit recipients in every such area where we do not currently have a state entity in our American Green Bank Consortium. CGC plans to support all SFA recipients with technical assistance, knowledge sharing, and recycling of loan capital.