by Talk Business & Politics staff (staff2@talkbusiness.net)

The U.S. Environmental Protection Agency (EPA) announced Tuesday (April 23) that the Hope Enterprise Corporation will receive $93.67 million from the Solar for All grant program to fund residential solar that benefits low-income and disadvantaged communities in Arkansas.

Hope is a group of development organizations that help communities in the Delta and other economically distressed parts of Alabama, Arkansas, Louisiana, Mississippi and Tennessee.

The EPA award announced Tuesday is part of a $27 billion Greenhouse Gas Reduction Fund created under the Inflation Reduction Act signed into law by President Joe Biden. Only 60 applicants nationwide were selected to participate in the Greenhouse Gas Reduction Fund. The Hope Enterprise Corporation’s grant is among 49 state-level awards totaling $5.5 billion, along with six awards to serve Tribes totaling over $500 million, and five multistate awards totaling $1 billion.

Hope Enterprise receives $93.67 million for solar programs in Arkansas