Lending Center Overview

Lending Center Overview

Lending Center webinar August 14, 2013

11:00 – 12:00

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Technical questions: [email protected]


Discovering the next generation of

energy SOLUTIONS

Judi Mortenson – CEE, Lending Manager

Thursday, August 14, 2013


Lending Center overview: Financing services available for Minnesota cities

Targeted Audiences

• City Housing and Planning Staff • City Finance and Community Development Staff

1. Awareness of the services available through CEE

2. General knowledge of the lending programs we offer

3. Benefits of partnering with CEE

Flexibility

Improved buildings in your community

Financial Impact


Residential & Business Efficiency

Programs

Research, Tools & Information

Financing!

Since 1993

In support of the CEE mission, our loan programs

are designed to promote energy efficiency and to

help reduce the burden of government.


Services Available at CEE

CEE internally funds 7 different programs

CEE administers loan programs in partnership with:

MN Department of Commerce

MHFA (Minnesota Housing Finance Agency)

o Largest Fix-Up originator for over 10-years

o Twin Cities area Platinum lender

City of Minneapolis Neighborhood Revitalization Program (“NRP”)

o 42 Minneapolis neighborhoods

7 Cities

o Anoka, Blaine, Brooklyn Park, Coon Rapids, Fridley, New Hope, St. Louis Park

Utilities

o Xcel Energy and Great River Energy

Current Lending Center Programs

Current Programs

Energy Loan

Funded by CEE and/or the MN Department of Commerce

Financing can be used for Energy Efficiency Projects such as:

Furnace and Air Conditioning Replacement

Windows

Exterior Doors and Light Fixtures

Insulation and Air Sealing

Water Heater Replacement

Residential Programs

Current Programs

Home Improvement Loan (Fix Up Program)

Funded by MHFA

Applicants are subject to income limits

Financing can be used for Home Improvement

projects that improve the basic livability or energy efficiency of

the property

Value-added services offered through he City can lower the rate further.

Examples:

Remodeling Advisor Service

Home Energy Squad

Current Programs


City Loans

Funded by the City

Variety of programs, based on City/Neighborhood goals:

Down payment assistance

Rehab loans

Energy Efficiency loans

Variety of loan types

Amortizing

Deferred

Grant

Residential or Business

Current Programs


Eligible projects include upgrades

to:

Lighting technology

HVAC controls

Refrigeration equipment

Envelope air sealing and insulation

For-profit entities

Low interest, fixed rate

Terms up to 10-years

Flexible underwriting guidelines

Current Programs

Business Programs

Non-profit entities (501c3)

0% loan

$2500 Grant

Annual gross revenues <$5M

Current Programs

Business Programs

PACE: Property Assessed Clean Energy

Business Programs

A word about PACE

Over $179 million in energy and home improvement loans

have been funded at CEE:

$11 million through the MN Dept. of Commerce-Dept. of Energy

Suburban City Funding = $28 million (2,500 loans)

Minneapolis: $27 million (5,700 loans)

MHFA Funding = $106 million (8,900 loans)

CEE funding = $6 million

plus an additional $333,000 in Grants

Lending Center

Lending Center Impact

Lending Center

Why contract with CEE to administer your

programs?

Flexible

Local

Compliant

Service

Affordable

Partnership

Partnerships

Partnership

Program Promotion

Partnership

Partnership

Search

Results

Partnerships

Lending Center link on your web page

Add a Lending Center link to your website as a resource for your residents and businesses

http://mncee.org/What-We-Do/Lending-Center/

http://mncee.org/What-We-Do/Lending-Center/

Partnership

Home Shows Richfield Home and Garden Expo

West Metro Home Remodeling Fair

North Metro Community Home and Garden Show

North Suburban Home Improvement Show

Northwest Suburban Remodeling Fair

South Minneapolis Housing Fair

Events St. Louis Park Home Tour

City of Brownton

Xcel Energy Efficiency Expo

2013 Minnesota League of Cities Convention

New Hope Community Access Television

State Fair Eco Experience

Energy 101 Presentations

TOLBY

Partnerships

Community Engagement

Low cost financing can benefit your community

+ Home & Business owners have more efficient, less costly

buildings

+ Property value increases with home improvements

+ Housing stock is improved

Benefits

Win-Win-Win

Contact Us!

Judi Mortenson

Lending Manager

612-335-5864

[email protected]

Contact Us

Ready to get started?

Nate Phelps

Community Relations Manager

612-335-5881

[email protected]

http://www.mncee.org/What-We-Do/Lending-Center/









Contact Us!

Judi Mortenson | Lending

Manager

612-335-5864

[email protected]

Contact Us

Ready to get started?

Nate Phelps | Community

Relations Manager

612-335-5881

[email protected]


Megan Hoye | Engagement Coordinator

612-244-2417

[email protected]









Lending Center Overview

Economy & Finance

Transcript of Lending Center Overview