EPA awards $20 billion in green bank grants for clean energy projects nationwide

The Environmental Protection Agency on Thursday awarded $20 billion in federal 'green bank' grants to eight community development banks and nonprofit organizations to use on projects combating climate change in disadvantaged communities and helping Americans save money and reduce their carbon footprints.

Among the eight funding recipients are: —Coalition for Green Capital, a nonprofit working with a nationwide network of state, local, and nonprofit green banks, received $5 billion. —Power Forward Communities, a nonprofit coalition formed by five housing, climate, and community investment groups, received $2 billion. —Appalachian Community Capital, a nonprofit community development financial institution working with lenders in Appalachia, received $500 million.

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