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Investments in housing and community development
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Advisory support for community and economic development
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On October 5 at 3:00 pm ET, National Development Council is sponsoring another in its series of virtual academies. The subject of this academy is a Washington Update. In August, Congress passed the Inflation Reduction Act (IRA), which included several climate and energy-saving provisions. These include tax credit initiatives to support smaller-scale renewable energy generation in Low-Income Communities. IRA also includes $2.8 billion in grant funds through Environmental Justice Block Grants and $27 billion for a Greenhouse Gas Reduction Fund. Of that amount, $8 billion is allocated low income and disadvantaged communities for use by non-profit organizations to provide technical and financial support for projects that reduce greenhouse gas and other air pollution. Lastly, the webinar will update the latest action by Congress on the Continuing Resolution and touch on the state of play for the November 8 midterm election.