Opportunity Finance Network

Description:this Agreement Provides Funding Under the Inflation Reduction Act (IRA) to Opportunity Finance Network (ofn). 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 Community Lenders Climb: Clean Lending Investment Mobilization (CLIMB) Program Will Put Mission-driven Community Lenders at the Forefront of Market Transformation for Clean Finance in Low-income and Disadvantaged Communities. Ofn Will Leverage Its Deep Experience as a Hub Nonprofit to Provide a Comprehensive Financial and Technical Package to Its Members, So They Can Combat Climate Change, Improve Equity, and Deliver Benefits to Their Communities. Activities:the Activities Include Leveraging Ccia Funding to Provide Capitalization Funding and Technical Assistance (TA) Subawards to Mission-driven Community Lenders to Build Their Capacity to Invest and Reinvest in Projects, Activities, and Technologies That Reduce Emissions of Greenhouse Gases and Other Air Pollutants. Ofn Designed Its Climb Investment Strategy to Transform Clean Financing Markets and Improve Health and Economic Outcomes in Low-income and Disadvantaged Communities by Growing Members' Clean Financing Capacity With a Thoughtful Pass-through Strategy and Curated Ta Services. Ofn Will Effectively and Equitably Analyze Capitalization Funding and Ta Subaward Applications Using Its Climate Lending Investment Mobilization Assessment Tool (climat). Subrecipient:the Recipient Will Provide Capitalization Funding and Technical Assistance (TA) Subawards to Mission-driven Community Lenders, Which Will Be Used to Support Their Maturation and Market Transformation With the Pipelines and Capacity to Deploy Ccia Funding and Private Capital to Eligible Projects Benefitting Low-income and Disadvantaged Communities, Including Households and Businesses, in Both the Short- and Long-term. Specifically, Opportunity Finance Network Will Reach and Grow Its Network of More Than 400 Mission-driven Community Lenders, Who in Turn, via Subawards, Will Finance Clean Energy Projects Spanning Distributed Energy Generation and Storage (e.g., Community Solar/wind, Residential Rooftop Solar), Net-zero Emissions Buildings (e.g., Single and Multi-family Residential, Community Locations, Commercial, Municipal), and Zero Emissions Transportation (e.g., Zero Emissions Vehicles, Charging Stations) in Low-income and Disadvantaged Communities, Thereby Enabling Them to Benefit From Enhanced Air Quality, Boosted Property Values, Thriving Diverse Small Businesses, Wealth-building Opportunities in the Clean Energy Economy, and Clean Energy Jobs.outcomes:the Anticipated Deliverables Include Capitalization Funding and Technical Assistance (TA) Subawards to Mission-driven Community Lenders, 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., Air Quality, Household Wealth, Financial Savings, Energy Savings, Business Development, Job Creation, Training and Development) for the Low-income and Disadvantaged Communities Most Affected by Climate Change, and a Revolutionized Approach to Clean Financing via Capitalization Funding and Ta Subawards to Mission-driven Community Lenders and the Mobilization of Private Capital. the Intended Beneficiaries Include Low-income and Disadvantaged Communities, Including Household