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The Inflation Reduction Act amends the Clean Air Act to include Section 134 (42 USC § 7434), which authorizes the EPA to make competitive grants under the Clean Communities Investment Accelerator. The Clean Communities Investment Accelerator is currently funded by $6 billion from Section 134(a)(3) (out of $8 billion provided in Section 134(a)(3)). The Clean Communities Investment Accelerator implements the statute’s use of funds for indirect investments under Section 134(b)(2). Section 134(b)(2) directs recipients of funds for indirect investments to provide funding and technical assistance to establish new or support existing public, quasi-public, not-for-profit, or nonprofit entities that provide financial assistance to qualified projects at the State, local, territorial, or Tribal level or in the District of Columbia, including community- and low-income-focused lenders and capital providers. Section 134(c)(3) provides that a qualified project is any project, activity or technology that (A) reduces or avoids greenhouse gas emissions or other forms of air pollution in partnership with, and by leveraging investment from, the private sector; or (B) assists communities in the efforts of those communities to reduce or avoid greenhouse gas emissions and other forms of air pollution.
This chart shows obligations for the program by fiscal year. All data for this chart was provided by the
administering agency and sourced from SAM.gov, USASpending.gov, and Treasury.gov.
For more information on each of these data sources, please see the
About the data page.
The Notice of Funding Opportunity (NOFO), EPA-R-HQ-CCIA-23 was released on July 14, 2023, and closed on October 12, 2023. Selections under this program were made in April 2024. The five grant recipients selected for award will provide capitalization funding (typically up to $10 million per community lender), technical assistance subawards (typically up to $1 million per community lender), and technical assistance services to enable community lenders to provide financial assistance to deploy distributed energy, net-zero buildings, and zero-emissions transportation projects where they are needed most. For more information on the accomplishments under this program, please visit the Clean Communities Investment Accelerator website (https://www.epa.gov/greenhouse-gas-reduction-fund/clean-communities-investment-accelerator).
Single Audit Applies (2 CFR Part 200 Subpart F):
For additional information on single audit requirements for this program, review the current Compliance Supplement.
OMB is working with the U.S. Government Accountability Office (GAO) and agency offices of inspectors general to include links to relevant oversight reports. This section will be updated once this information is made available.
