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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

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Lending Center Overview
Discovering
the next generation of
energy
SOLUTIONS

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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

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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

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 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

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 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

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 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

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 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

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 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

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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

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 Non-profit entities (501c3)
 0% loan
 $2500 Grant
 Annual gross revenues <$5M
Current Programs
Business Programs

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PACE: Property Assessed Clean Energy
Business Programs
A word about PACE

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 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

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Lending Center

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 Why contract with CEE to administer your
programs?
 Flexible
 Local
 Compliant
 Service
 Affordable
Partnership
Partnerships

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Partnership
Program
Promotion

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Partnership

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Partnership

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Partnership
Search
Results

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Partnerships
Lending Center link on your web page
Add a Lending
Center link to your
website as a
resource for your
residents and
businesses

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Partnership

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 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

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 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

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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/

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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