84094401
Project Grant
Overview
Grant Description
Description: This agreement provides funding under the Inflation Reduction Act (IRA) to Appalachian Community Capital Corporation.
The recipient will utilize the funding to reduce emissions of greenhouse gases and other air pollutants; deliver benefits of greenhouse gas- and air pollution-reducing projects to American communities, particularly low-income and disadvantaged communities; and mobilize financing and private capital to stimulate additional deployment of greenhouse gas- and air pollution-reducing projects.
Specifically, the recipient will fund clean energy investments consisting of many projects across distributed renewable energy generation and storage, net-zero emissions building construction and renovation, and zero emission vehicles.
In addition, the recipient will undertake robust community engagement and workforce development.
The benefits from these activities include leveraging large amounts of private capital in Appalachia, rural America, and other low-income and disadvantaged communities, market transformation benefits allowing for greater access to capital, better health outcomes for Americans, and much needed job creation.
Activities: The activities include funding clean energy projects through community lenders.
The type of projects include distributed renewable energy generation, net-zero emissions building construction and renovation, and zero emission vehicles.
Community engagement and workforce development through technical assistance pass-through grants will also be a large part of the award.
Subrecipient: The subaward will be awarded to Green Bank for Rural America, a subsidiary of Appalachian Community Capital.
The Green Bank for Rural America will be carrying out the activities listed in previous sections while Appalachian Community Capital will act in an administrative and steering capacity.
Those activities, to reiterate, include funding clean energy projects through community lenders.
The type of projects include distributed renewable energy generation, net-zero emissions building construction and renovation, and zero emission vehicles.
Community engagement and workforce development through technical assistance pass-through grants will also be a large part of the award.
Outcomes: The anticipated deliverables include financed clean energy-related projects, community engagement services (including public and private capital), and workforce development services (including public and private capital).
The expected outcomes include greenhouse gas and other pollutant reduction, large amounts of private capital mobilized, many new jobs created, job training services, and a large network of community lenders supported through the award.
These outcomes are projected to continue after the award period.
The intended beneficiaries include Appalachian communities, rural and low-income and disadvantaged communities nation-wide, business owners, homeowners, and beneficiaries of affordable housing.
A reduction in energy burden and greenhouse gases will benefit the American public at large.
The recipient will utilize the funding to reduce emissions of greenhouse gases and other air pollutants; deliver benefits of greenhouse gas- and air pollution-reducing projects to American communities, particularly low-income and disadvantaged communities; and mobilize financing and private capital to stimulate additional deployment of greenhouse gas- and air pollution-reducing projects.
Specifically, the recipient will fund clean energy investments consisting of many projects across distributed renewable energy generation and storage, net-zero emissions building construction and renovation, and zero emission vehicles.
In addition, the recipient will undertake robust community engagement and workforce development.
The benefits from these activities include leveraging large amounts of private capital in Appalachia, rural America, and other low-income and disadvantaged communities, market transformation benefits allowing for greater access to capital, better health outcomes for Americans, and much needed job creation.
Activities: The activities include funding clean energy projects through community lenders.
The type of projects include distributed renewable energy generation, net-zero emissions building construction and renovation, and zero emission vehicles.
Community engagement and workforce development through technical assistance pass-through grants will also be a large part of the award.
Subrecipient: The subaward will be awarded to Green Bank for Rural America, a subsidiary of Appalachian Community Capital.
The Green Bank for Rural America will be carrying out the activities listed in previous sections while Appalachian Community Capital will act in an administrative and steering capacity.
Those activities, to reiterate, include funding clean energy projects through community lenders.
The type of projects include distributed renewable energy generation, net-zero emissions building construction and renovation, and zero emission vehicles.
Community engagement and workforce development through technical assistance pass-through grants will also be a large part of the award.
Outcomes: The anticipated deliverables include financed clean energy-related projects, community engagement services (including public and private capital), and workforce development services (including public and private capital).
The expected outcomes include greenhouse gas and other pollutant reduction, large amounts of private capital mobilized, many new jobs created, job training services, and a large network of community lenders supported through the award.
These outcomes are projected to continue after the award period.
The intended beneficiaries include Appalachian communities, rural and low-income and disadvantaged communities nation-wide, business owners, homeowners, and beneficiaries of affordable housing.
A reduction in energy burden and greenhouse gases will benefit the American public at large.
Funding Goals
6 - SAFEGUARD AND REVITALIZE COMMUNITIES 6.1 - CLEAN UP AND RESTORE LAND FOR PRODUCTIVE USES AND HEALTHY COMMUNITIES 1 - TACKLE THE CLIMATE CRISIS 1.1 - REDUCE EMISSIONS THAT CAUSE CLIMATE CHANGE
Grant Program (CFDA)
Awarding Agency
Place of Performance
Christiansburg,
Virginia
24073-1068
United States
Geographic Scope
Single Zip Code
Related Opportunity
Appalachian Community Capital Corporation was awarded
Green Energy Grant for Appalachian and Low-Income Communities
Project Grant 84094401
worth $500,000,000
from the Office of Chemical Safety and Pollution Prevention in April 2024 with work to be completed primarily in Christiansburg Virginia United States.
The grant
has a duration of 6 years and
was awarded through assistance program 66.960 Greenhouse Gas Reduction Fund: Clean Communities Investment Accelerator.
The Project Grant was awarded through grant opportunity Clean Communities Investment Accelerator (CCIA).
Status
(Ongoing)
Last Modified 1/8/25
Period of Performance
4/1/24
Start Date
3/31/30
End Date
Funding Split
$500.0M
Federal Obligation
$0.0
Non-Federal Obligation
$500.0M
Total Obligated
Activity Timeline
Transaction History
Modifications to 84094401
Additional Detail
Award ID FAIN
84094401
SAI Number
None
Award ID URI
SAI EXEMPT
Awardee Classifications
Nonprofit With 501(c)(3) IRS Status (Other Than An Institution Of Higher Education)
Awarding Office
68HF00 OFC GRANTS & DEBARMENT(OGD) (GRANT)
Funding Office
68A000 OFC OF ADMINISTRATOR (OA) (FUNDING)
Awardee UEI
PH2LMVJXK7K6
Awardee CAGE
716F5
Performance District
VA-09
Senators
Mark Warner
Timothy Kaine
Timothy Kaine
Modified: 1/8/25