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Regulation to allow Green Liens for Retrofits - GBF2009
1. Regulating to allow green liens for Retrofits Sonja Persram, BSc., MBA, LEED ® AP Sustainable Alternatives Consulting Inc. Presented to the: Green Building Festival / IIDEX Thursday, September 24, 2009
5. LIC & CIP Liens: key features The following analysis focuses on LICs Yes Yes Loan attached to property No similar stipulation Not income i.e. no credit risk assessment . Criteria for eligibility Toronto TIEG grants require Toronto Green Standard No Building greening (examples) Yes Yes Loan payments: long-term surcharge on property tax Yes Yukon - renewables; Dawson Creek: EE/RE; Ontario: no Work includes energy efficiency improvements & renewables (EE/RE) Yes Not in Ontario Private property? No Yes Priority lien? CIPs (Planning Act) LICs (Ontario Municipal Act) Feature
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14. Additional supports Solar access/shade access Legislation Valuation Property value increment should include present value of energy savings. More in: Eisenberg, David & Persram, Sonja, Code, Regulatory and Systemic Barriers Affecting Living Building Projects, Cascadia Region Green Building Council, 2009
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20. Green Energy Lien USA Examples: key features Yes Yes ; via contractual assessment district Loan payments collected on property tax roll? Not credit rating Not income. Based on prop tax pmts + lien history . States on loan document that may do credit rating in future. Criteria for eligibility (social equity appeal) Yes Yes Transferrable to new owner County/Municipalities 3 rd party Lender EE/RE RE EE/RE Yes : HB 08-1350 & County Ballot Measure 1A Yes ; Mello Roos; Assembly Bill 811 Private property? Yes Yes (benefits lenders) Priority lien? Boulder, CO Berkeley/State of California Criterion