Gearing Up for Green Investment

Earlier this month, the Regional Foundation brought together its grantees and program-related investment partners for a day of peer-to-peer learning and conversation. The Leviticus Fund, whose work is supported by the Regional Foundation, took part in this day of networking and connection at the Salvation Army’s Kroc Center in Philadelphia.

Greg Maher was a panelist for a presentation titled “Navigating and Leveraging the Federal ‘Gold Rush’.” The panel explored how community development leaders are working to ensure that American Rescue Plan Act (ARPA) and Inflation Reduction Act (IRA) program funds flow to the neighborhoods that need them most.

Part of the IRA, the Greenhouse Gas Reduction Fund (GGRF), is a historic $27 billion investment to mobilize financing and private capital to combat the climate crisis and ensure American economic competitiveness. The GGRF will reduce carbon emissions and deliver lower energy costs and economic revitalization to communities, particularly those that have historically been left behind.

The Leviticus Fund is launching a new initiative, the GEAR (Green & Equitable-Access Resources) Fund, to finance carbon load reduction in buildings in disadvantaged communities. We hope to receive GGRF capital later this year to support the GEAR Fund.

Pictured Above, L – R: Deb Bentzel, Senior Program Officer, Regional Foundation; Stephanie Michel, Executive Director, North 5th Revitalization Project; Anna Stormer, Director of Resource Development, Non-Profit Finance Fund; Greg Maher, Executive Director, Leviticus Fund.