Scaling Investment in Community-Driven Climate Solutions
The Hive Fund is co-creating a strategic, place-plus grantmaking approach, supporting constellations of groups in key geographies across the US South in leveraging these new federal climate programs to build and scale community-driven climate solutions. This includes: Continuing to make multiyear grants to groups who are reducing pollution and building clean energy alternatives in their communities and across regions. Identifying and funding up to ten iconic IRA climate justice zones that will offer concrete examples of how progress can happen in the South. Helping grantee partners across the US South prepare to access $3 billion in EPA block grants for community-based organizations in disadvantaged communities, coming available as soon as early 2024. Building the capacity of community-based lenders to access capital from the Greenhouse Gas Reduction Fund and other new programs to finance community projects, explore new lending products, and increase access to resources that meet community needs. Coordinating with equity-aligned climate re-granters to raise and move new philanthropic funds quickly and strategically to place-based groups in disinvested communities.