Community lenders expand investment and financing in the communities most impacted by climate change — are you ready to face climate change head on? Take advantage of new funding designed to help community lenders fund projects that will make an impact.
The recently announced Clean Communities Investment Accelerator (CCIA) is aimed at empowering community lenders to finance projects in low-income and disadvantaged communities. Through CCIA, the Opportunity Finance Network, Native CDFI Network, and other organizations will receive a total of $6 billion to provide capitalization funding (up to $10 million per community lender), technical assistance subawards (up to $1 million per community lender), and technical assistance services to community lenders. This initiative focuses on deploying projects in critical areas such as distributed energy, net-zero buildings, and zero-emissions transportation, ensuring that communities most in need benefit from clean, sustainable development.
Your organization may be eligible to receive funding under the CCIA from one of the award recipients chosen by the EPA:
- Opportunity Finance Network
- Inclusiv
- Justice Climate Fund
- Appalachian Community Capital
- Native CDFI Network
With the availability of this funding, community lenders have an exciting opportunity to expand their impact. Lenders may apply for awards from multiple award recipients. To effectively manage and leverage these funds, robust software solutions are essential. At DownHome Solutions, we’re ready to support lenders as they meet this challenge.
DownHome Loan Manager is tailor-made for community lenders, providing comprehensive loan-servicing software that streamlines operations and enhances client relationships. DLM manages your entire portfolio, automates record posting, creates billing statements, and provides reporting to monitor overall portfolio performance.
We provide robust support for the reporting needs of many community lenders, with specialized modules designed to help you meet compliance requirements for the CDFI fund, and the SBA’s Microloan and Community Advantage programs. We’ll be developing customized add-ons to DLM as soon as information is released about compliance and reporting requirements for the new CCIA funding. It may also help to begin to measure your impact before you apply for an award. Demonstrating a proven track record with climate related projects may help your subaward application.
As community lenders gear up to harness the opportunities presented by the CCIA, adopting DownHome Loan Manager will enhance operational efficiency as lenders expand financial services to underserved communities.
To learn more about how DownHome Solutions can support your organization’s growth and impact, click the button below to schedule a free demo.