The article below was originally published by ImpactAlpha and co-authored by Amalgamated Bank's Brenda Loya, National Director of Community Development Finance, and Annie Donovan from the Raza Development Fund
When it comes to climate change the stakes for all of us are high. But the evidence is clear that lower-income and communities of color are disproportionately at risk.
With the passage of the Inflation Reduction Act, there is no time like the present for those who use the tools of finance to create a more just and sustainable world to step up our game.
The community investment ecosystem, including Community Development Financial Institutions (CDFIs) and their partners, can and must act with urgency. But as we do so, let’s reimagine how we invest so that we can disrupt old assumptions and patterns that might exacerbate inequities and fail to protect the people and places whose environmental concerns have long been ignored.
To read the full article please visit ImpactAlpha.