Biden admin doles out $20B in 'green bank' funding

The fund, $27 billion total, has a big focus on poor and disadvantaged communities often hit hard by pollution.The EPA-led program is staking nonprofits that will, in turn, seek to build and sustain a wide network of community finance institutions. They will provide low-cost loans and other aid.

$5 billion for the longstanding Coalition for Green Capital to "leverage the existing and growing national network of green banks." The biggest of the five grants, $2.3 billion, is for the Opportunity Finance Network, a decades-old national coalition of hundreds of community development finance institutions.

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