New Grants Awarded to Support Renewable Energy and Energy Efficiency Financing

New Grants Awarded to Support Renewable Energy and Energy Efficiency Financing – NHSSF among OFN awardees

By Roland Kamara | Associate, Member Relations, OFN

From Appalachian coal country to the Mississippi Delta, 24 CDFIs will receive grants to bring climate-smart financial products to their communities


Community development financial institutions (CDFIs) have tremendous capacity to address the energy and environmental challenges facing economically distressed communities.

Low-income communities are often those that are also most impacted by our changing climate. These are the same markets served by CDFIs: flood prone areas like New Orleans 9th ward, manufactured housing communities impacted by extreme heat in the Southwest, farmworkers and rural communities displaced by wildfires in California, coastal communities of color in Florida and along the Gulf Coast — all communities served by mission lenders working to address the impacts of climate change.

On December 7, Opportunity Finance Network (OFN) announced the latest recipients of the Renewable and Energy Efficiency Financing Grant. Twenty-four member CDFIs will receive awards of $50,000 to $200,000, for a total of $2.9 million. The funding provides lending capital or loan loss reserves for renewable and energy-efficiency financing programs.

Among the awardees is a project in Northern Kentucky that will provide patient and affordable capital, combined with technical assistance, to support energy efficiency upgrades for commercial projects. In New Orleans, the grant funding will provide cash to low- and middle-income contractors to take on more green infrastructure projects. Another project, national in scope, will finance solar microgrids with battery backup at federally qualified health centers in low-income communities.

With their specialized expertise in reaching markets underserved by mainstream finance, CDFIs are ideally positioned to finance projects that reduce greenhouse gas emissions. OFN has previously awarded more than $2.3 million to 26 member CDFIs through this grant program.


2022 Renewable and Energy Efficiency Financing Grantees


Visit OFN’s website to learn more about the Renewable and Energy Efficiency Financing Grant and see the complete list of awardees.

Easy 93.1 Community Focus Podcast

NHSSF President & CEO invited as guest on Easy Community Focus podcast

Ellen Jaffe – Easy 93.1 personality – recently had Kimberly T. Henderson, NHSSF President & CEO, as her guest in the Community Focus podcast she hosts. They talked about the programs and services we offer to all those South Florida residents looking to purchase a home, get their finances in place or apply for a loan to start up a co-op. They had a great conversation about the challenges first-time homebuyers face in the current housing market and how our programs & counseling and educational services help them successfully navigate toward that goal. Tune in to hear their conversation and find out how “it is possible to own your own home with the help of NHSSF!”


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Bank of America Program – “Go for it”, NHSSF supports you on the way

In September of this year, Bank of America announced its Community Affordable Loan Solution pilot program aimed at helping eligible individuals and families obtain an affordable loan to purchase a home in a majority Black or Hispanic community in the Miami-Dade metro area. As a HUD-certified housing agency, we partnered with Bank of America on this initiative to provide counseling & homebuyer certification for those homebuyers wanting to apply for the program.

After three months of intense work, our Center for Homeownership Education has been able to achieve the following metrics:

  • Our team provided four Q&A virtual sessions informing consumers about the program guidelines and NHSSF collaboration
  • 295 households have attended an NHSSF certified Homebuyer Workshop, the first requirement to apply for the BofA program
  • 88 households have been counseled as part of their journey towards homeownership through the CAFL
  • 22 households have been referred to Bank of America to continue, and hopefully complete their dream of owning their first home
  • 66 customers have been placed into an NHSSF Financial Capability Coaching Program to enhance their opportunities of becoming future homeowners

In other great news, we just learned about a couple that became homeowners through Bank of America’s program and were educated and counseled by us! On October this year, Johnny and his wife Daniela signed up for the certified Homebuyer Workshop with us. After attending the 8-hour class and meeting with one of NHSSF's housing counselors, they received a certificate that qualified them to apply for the Bank of America new Community Affordable Loan Solution program. Thanks to this loan they were able to purchase their first home and celebrate their honeymoon knowing they’d come back to their own love-nest. We asked them about their homeownership journey. They shared a testimonial with us.


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If you want to apply for Bank of America’s program and you want to take the education and counseling with NHSSF, the first step is creating an account here: