Boulder County suspends residential Climate. Smart Loan Program. Climate. Smart Loan Program. In 2. 00. 8, voters approved Boulder County Issue 1. Economic Impacts from the Boulder County, Colorado, Climatesmart. Bloggat om Economic Impacts from the Boulder County. Boulder County’s ClimateSmart Loan Program: Funding Energy Efficiency and Renewable Energy on a Countywide Scale. A, which authorized the county to sell $4. Climate. Smart Loan Program. The program allows property owners to borrow money from the county for a wide range of energy- efficient upgrades and to pay the loans back through a 1. Commercial property owners have until July 1. A third round of residential loans has been suspended for 6. Department of Energy and wait for clarification of a troubling letter sent from the federal agencies that buy secondary mortgages. The application period for the county's third round of residential Climate. Smart loans - - which enable homeowners to borrow money from the county for a wide range of energy- efficient upgrades - - was scheduled to close today. But the county notified applicants Wednesday night that the program, which allows homeowners to repay the loans as an assessment on their properties, would be suspended for 6. Last week, the Department of Energy released long- awaited guidelines for how loans similar to Climate. Smart - - generically known as Property Assessed Clean Energy, or PACE, loans - - should be structured. Boulder County's program is required to comply with the DOE's new guidelines because the county wants to use federal grant money as a reserve to back the bonds sold for the Climate. Smart program and because the county planned to issue a type of bond called a qualified energy conservation bond, which includes a federal tax break. The letter appeared to support these kinds of loans, but it also contained language implying that the government- sponsored companies would not buy mortgages on the secondary market that had liens on them from programs like Climate. Smart, Toor said. Fannie Mae and Freddie Mac are major players in the mortgage- buying market, which allows primary lenders to maintain a cash flow and grant more mortgages. Climate. Smart loans that have already been granted will also not be affected, Toor said. Because Fannie Mae and Freddie Mac typically buy mortgages for homes that have other assessments from local governments - - often for projects such as road or sidewalk improvements - - Toor is hopeful that Fannie Mae and Freddie Mac will ultimately buy mortgages associated with PACE loans if those loans meet the new DOE standards. But right now, there's a lot of uncertainty. We want it to be successful. He also takes comfort that Boulder County - - which was one of the first places in the country to launch a PACE loan program when voters approved Climate. Smart in 2. 00. 8 - - is not alone in lobbying for the continued existence of these types of programs. If Climate. Smart were suspended permanently, he would likely put the projects on hold.
Boulder County is divided into three 'residence' districts that are nearly equal in population. Each district is represented by a commissioner who resides within said district. The commissioners are voted into office by.
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