New York Times | Environmental Protection Agency Gives $20 Billion in ‘Green Bank’ Grants
April 4, 2024
The Environmental Protection Agency plans to award grants ranging from $500 million to $6.9 billion to eight nonprofits. The organizations will in turn use the money to offer loans to businesses, homeowners and others to spur clean energy across the country, particularly in low-income neighborhoods. Loans could be for something as small as helping one family purchase an electric induction stove or as ambitious as helping to build energy-efficient low-income housing.
“We’re putting an unprecedented $20 billion to work in communities that for too long have been shut out of resources to lower costs and benefit from clean technology solutions,” Michael S. Regan, the administrator of the E.P.A., said in a statement.
