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.

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

14. Page 14
Lending Center

15. Page 15
 Why contract with CEE to administer your
programs?
 Flexible
 Local
 Compliant
 Service
 Affordable
Partnership
Partnerships

16. Page 16
Partnership
Program
Promotion

17. Page 17
Partnership

18. Page 18
Partnership

19. Page 19
Partnership
Search
Results

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. Page 21
Partnership

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