Local Energy Improvements Financing Program
Part of the 2010 Jobs Bill passed by the legislature is the Local Energy Improvements Financing Program. City Manager Antonen recently shared an information sheet about this program with the City Council. In brief, the program will allow local governments (such as Maplewood) the ability to issue revenue bonds in order to make low-interest loans to qualifying commercial, industrial and residential property owners for energy improvements. The loans are paid back through assessments on the improved buildings' property taxes.
I expect we'll hear more about this program; it certainly seems like something Maplewood should implement for the benefit of our residents and businesses.
I expect we'll hear more about this program; it certainly seems like something Maplewood should implement for the benefit of our residents and businesses.
Labels: environment, finance
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