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LAFCO hears Green Bank options and EPA GGRF implications; commissioners press urgency and legal funding needs
Summary
LAFCO staff outlined how EPA's GGRF programs (NCIF, CCIA, Solar for All) might apply to a San Francisco Green Bank, noting eligibility windows, capitalization requirements and a likely one‑year operation requirement before origination. Commissioner concerns focused on delays caused by limited in‑house legal capacity and the need to secure outside counsel funding.
LAFCO on Sept. 20, 2024 received an update on a potential San Francisco Green Bank and the U.S. Environmental Protection Agency's Greenhouse Gas Reduction Fund (GGRF) competitions. Policy analyst Khalid Samari summarized the EPA program structure and how each competition could—or might not—apply to a nascent local green bank.
Samari told the commission the NCIF (National Clean Investment Fund) expects a green financing institution to be operational for at least one year before originating projects under…
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