Community Builders of Color Coalition Announces New Fund to Invest in Equitable Climate Change Solutions
Justice Climate Fund aims to activate existing community development networks to provide capital and resources to organizations fighting for green solutions
Today in Orlando, Florida, The Community Builders of Color Coalition, led by the African American Alliance of CDFI CEOs, announced the launch of the Justice Climate Fund, a new initiative that will maximize the dual priorities of the United States Environmental Protection Agency’s Greenhouse Gas Reduction Fund, which are to rapidly reduce greenhouse gasses, and produce lasting health and economic benefits for low-income and disadvantaged communities throughout the country. The announcement was made at the 2023 Inclusiv Conference in Memphis, Tennessee, the largest annual gathering of credit unions with the goal of financial inclusion in the U.S.
The Justice Climate Fund will aim to direct funding from the EPA’s Greenhouse Gas Reduction Fund to community-based lenders, including CDFI credit unions and loan funds and MDI credit unions, to ensure people and communities of color who have been historically excluded from mainstream climate finance can successfully implement proven green solutions and technologies.
Read the full press release on the Coalition’s website.
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