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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
Page 2
Lending Center Overview
Discovering
the next generation of
energy
SOLUTIONS
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
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
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
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
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
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
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
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
Page 11
 Non-profit entities (501c3)
 0% loan
 $2500 Grant
 Annual gross revenues <$5M
Current Programs
Business Programs
Page 12
PACE: Property Assessed Clean Energy
Business Programs
A word about PACE
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
Page 14
Lending Center
Page 15
 Why contract with CEE to administer your
programs?
 Flexible
 Local
 Compliant
 Service
 Affordable
Partnership
Partnerships
Page 16
Partnership
Program
Promotion
Page 17
Partnership
Page 18
Partnership
Page 19
Partnership
Search
Results
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
Page 21
Partnership
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
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
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/
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

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Lending Center Overview

  • 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. Page 2 Lending Center Overview Discovering the next generation of energy SOLUTIONS
  • 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. 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. 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. 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. 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. 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. 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. 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. Page 11  Non-profit entities (501c3)  0% loan  $2500 Grant  Annual gross revenues <$5M Current Programs Business Programs
  • 12. Page 12 PACE: Property Assessed Clean Energy Business Programs A word about PACE
  • 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
  • 15. Page 15  Why contract with CEE to administer your programs?  Flexible  Local  Compliant  Service  Affordable Partnership Partnerships
  • 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
  • 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. 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. 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. 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