Opportunity Finance Network Submits Historic Bid for Clean Energy Community Investments
WASHINGTON, Oct. 13, 2023 /PRNewswire/ -- This week, Opportunity Finance Network (OFN), the nation's leading financial intermediary and network of community development financial institutions (CDFIs) and mission-driven lenders, submitted its historic bid to finance a clean energy transition in underinvested communities through the Clean Communities Investment Accelerator (CCIA), part of the Environmental Protection Agency's (EPA) $27 billion Greenhouse Gas Reduction Fund.
- "The Greenhouse Gas Reduction Fund represents a one-in-a-lifetime opportunity to ensure that no community is left behind with this historic investment in combatting climate change," said Harold Pettigrew, OFN's president and CEO.
- OFN is primed to leverage its strength, membership, and broad set of partners to lead the financing of a just energy transition."
- OFN aims to transform the market for clean energy finance in low-income and disadvantaged communities to combat climate change, improve equity, and deliver community benefits.
- Today, more than 50% of OFN's members provide clean finance products and other members have integrated clean finance into their primary products.