1. Power Forward Communities receives $2 billion grant from EPA for residential decarbonization.
2. The coalition aims to simplify the process of household decarbonization and create affordable financing solutions.
3. Members of the coalition include Enterprise Community Partners, Rewiring America, Habitat for Humanity International, the Local Initiatives Support Corporation, and United Way Worldwide.
Power Forward Communities is a coalition focused on transforming the housing sector, saving homeowners and renters money, investing in stronger communities, and helping meet national climate goals. They were awarded a $2 billion grant from the EPA to provide capital for affordable residential decarbonization, with a focus on low-income communities. The coalition aims to address energy inefficiencies in homes across America, especially in those occupied by vulnerable populations.
The founding organizations of Power Forward Communities will use their expertise and resources to simplify the process of household decarbonization, bundle opportunities for market leverage, offer affordable financing solutions, and create jobs in local communities. The goal is to save families money on utility bills, reduce emissions, and make homes more affordable and healthy. The coalition plans to deploy the grant funds to upgrade appliances, weatherize homes, and improve energy efficiency across the country.
The announcement of the grant comes at a crucial time as efforts to reduce greenhouse gas emissions become increasingly important. By focusing on decarbonizing the built infrastructure, Power Forward Communities aims to offset challenges faced by recent decisions that hinder progress towards a low-emissions economy. The coalition’s work will be instrumental in creating a more sustainable future for all Americans.