WASHINGTON, July 14 (Reuters) - The U.S. Environmental Protection Agency on Friday launched two competitive grant programs with $20 billion in funding that aim to spark clean energy investments across the country especially in low-income communities.
A $6 billion Clean Communities Investment Accelerator competition will provide grants to support up to seven nonprofit groups that will deliver funding and technical assistance to build the clean financing capacity of local lenders working in lower income and disadvantaged communities.
Not everyone supports the green bank, which stemmed from the IRA legislation's $369 billion in incentives for fighting climate change that no Republicans voted for.
In June, the administration launched a $7 billion grant program to give low-income communities access to residential solar panels.
The deadline for applying to the programs launched on Friday is Oct. 12.
Persons:
Joe Biden's, Kamala Harris, Michael Regan, Gary Palmer, Timothy Gardner, Lincoln, Frances Kerry
Organizations:
Environmental Protection Agency, Reduction, Clean Investment, Communities Investment, Republicans, U.S, Thomson
Locations:
Michigan, Maryland