Lending Center Overview

346 views

Published on

Lending Manager Judi Mortenson discusses how cities can partner with the Lending Center to make resources available to residents, resulting in cost-effective energy efficiency. Examples of existing partnerships highlight the degree to which programs vary from city to city.

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
346
On SlideShare
0
From Embeds
0
Number of Embeds
66
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Lending Center Overview

  1. 1. Page 1 Lending Center Overview Lending Center webinar August 14, 2013 11:00 – 12:00 Hover your cursor at the top of your screen to access the WebEx menu bar and open your Chat box. Technical questions: ajursik@mncee.org
  2. 2. Page 2 Lending Center Overview Discovering the next generation of energy SOLUTIONS
  3. 3. Page 3 Judi Mortenson – CEE, Lending Manager Thursday, August 14, 2013 Lending Center Overview Lending Center overview: Financing services available for Minnesota cities Targeted Audiences • City Housing and Planning Staff • City Finance and Community Development Staff
  4. 4. Page 4 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 Lending Center Overview
  5. 5. Page 5  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. Lending Center Overview Services Available at CEE
  6. 6. Page 6  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
  7. 7. Page 7  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
  8. 8. Page 8  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 Residential Programs
  9. 9. Page 9  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 Residential Programs
  10. 10. Page 10 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
  11. 11. Page 11  Non-profit entities (501c3)  0% loan  $2500 Grant  Annual gross revenues <$5M Current Programs Business Programs
  12. 12. Page 12 PACE: Property Assessed Clean Energy Business Programs A word about PACE
  13. 13. Page 13  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
  14. 14. Page 14 Lending Center
  15. 15. Page 15  Why contract with CEE to administer your programs?  Flexible  Local  Compliant  Service  Affordable Partnership Partnerships
  16. 16. Page 16 Partnership Program Promotion
  17. 17. Page 17 Partnership
  18. 18. Page 18 Partnership
  19. 19. Page 19 Partnership Search Results
  20. 20. Page 20 Partnerships Lending Center link on your web page Add a Lending Center link to your website as a resource for your residents and businesses
  21. 21. Page 21 Partnership
  22. 22. Page 22  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
  23. 23. Page 23  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
  24. 24. Page 24 Contact Us! Judi Mortenson Lending Manager 612-335-5864 jmortenson@mncee.org Contact Us Ready to get started? Nate Phelps Community Relations Manager 612-335-5881 nphelps@mncee.org http://www.mncee.org/What-We-Do/Lending-Center/
  25. 25. Page 25 Contact Us! Judi Mortenson | Lending Manager 612-335-5864 jmortenson@mncee.org Contact Us Ready to get started? Nate Phelps | Community Relations Manager 612-335-5881 nphelps@mncee.org http://www.mncee.org/What-We-Do/Lending-Center/ Megan Hoye | Engagement Coordinator 612-244-2417 mhoye@mncee.org

×