CDFI Industry Positioning and Growth Opportunities related to GGRF

Fund CI is pleased to share our report: CDFI Industry Positioning and Growth Opportunities related to GGRF. This report draws on our recent survey work, and we are pleased to share on findings on the industry’s current preparedness and significant growth opportunities.

We encourage you to review the full report, but wish to highlight key findings here as well:

• Respondents are more confident in their understanding of the eligibility and geographic requirements of CCIA compared to NCIF, though there is substantial interest in additional training on all topics to build out their knowledge base.

• Survey results suggest significant levels of demand for the CCIA program funding within respondents. If the demand is consistent across all eligible community lenders, there would be a significant number of participants.

• Respondents anticipate substantial growth across all project priority areas including most net-zero buildings subcategories, as well as zero-emission transportation and distributed energy generation and storage.

• Many respondents will hire additional staff and update internal systems to better respond to GGRF-related opportunities and requirements. This may be an opportunity to share knowledge to streamline the process across organizations and share best practices.

• When asked about concerns about participating in the program, potential participants typically expressed multiple concerns, such as reporting on outputs and outcomes; understanding and meeting compliance requirements; and understanding program requirements.