The EPA will provide $2 billion in funding from the IRA to Power Forward Communities to lower emissions from American homes and businesses.
, Habitat for Humanity International, the Local Initiatives Support Corporation, and United Way Worldwide. Its purpose is to transform the housing sector, save homeowners and renters money, invest in stronger communities, and help meet national climate goals.
Tim Mayopoulos is the CEO of Power Forward Communities and former head of Fannie Mae, the nation’s leading source of housing finance. After the EPA announcement, he said, “The Inflation Reduction Act provided the single largest investment in climate solutions in U.S. history, including much-needed capital to improve American homes and serve low-income and disadvantaged communities.
“Here is the simple truth: climate resilience is an economic imperative for families and communities, no matter where they are located,” said Michael T. Pugh, CEO of LISC. “By investing in the well being of our built environment — especially in underserved communities — we can make homes healthier and more affordable. We can help people better withstand high-intensity storms, while mitigating heat islands and pollution.
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