Green Incentive Programs
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Green Incentive Programs City of Columbus November 15, 2010
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Outlining different incentive programs through local and state levels for energy efficiency. From the 2010 Ohio Energy Summit. By David Hull.
Transcript of Green Incentive Programs
GreenIncentivePrograms
City of ColumbusNovember 15, 2010
GreenIncentivePrograms
City of ColumbusNovember 15, 2010
Outline
• Green Columbus FundLEED Certified BuildingsBrownfield Redevelopment
• Green Switch Loan Fund
Outline
• Green Columbus FundLEED Certified BuildingsBrownfield Redevelopment
• Green Switch Loan Fund
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Green Columbus Fund Overview
• $1 million reimbursement Grant Program• First Program Year Oct. 2010 through Sept. 2011• Open Application Cycle
Green Columbus Fund Overview
• $1 million reimbursement Grant Program• First Program Year Oct. 2010 through Sept. 2011• Open Application Cycle
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Green Columbus Fund Overview
• Targets private & non-profit sectors• Priority for developed area• Two main components: LEED Certified Buildings Brownfield redevelopment
Green Columbus Fund Overview
• Targets private & non-profit sectors• Priority for developed area• Two main components: LEED Certified Buildings Brownfield redevelopment
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Minimum Requirements for Reimbursement of LEED Certification Fee
• Certified or above under LEED 2009 New Construction and Major Renovation• Meet at least 8 of 12 criteria selected by City• Considering Commercial Interior or Core and Shell
Minimum Requirements for Reimbursement of LEED Certification Fee
• Certified or above under LEED 2009 New Construction and Major Renovation• Meet at least 8 of 12 criteria selected by City• Considering Commercial Interior or Core and Shell
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To Qualify for Additional Incentives
• Location in developed area +100%• LEED Silver, Gold or Platinum +50%, 100% or 150%• 9, 10, 11 or 12 of key Columbus criteria +25%, 50%, 75% or 100%• Cannot exceed +200% or triple the certification fee
To Qualify for Additional Incentives
• Location in developed area +100%• LEED Silver, Gold or Platinum +50%, 100% or 150%• 9, 10, 11 or 12 of key Columbus criteria +25%, 50%, 75% or 100%• Cannot exceed +200% or triple the certification fee
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Strengths of this approach
• Builds on most vetted program of the US Green Building Council• Support of Central Ohio GBC Chapter• Does not require ramping up City bureaucracy• Supports economic development & environmental goals
Strengths of this approach
• Builds on most vetted program of the US Green Building Council• Support of Central Ohio GBC Chapter• Does not require ramping up City bureaucracy• Supports economic development & environmental goals
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Brownfield Redevelopment funds available for
• Phase I & II Environmental Assessments• Phase II Physical Environmental Assessments for abandoned gas stations• Portion of land acquisition costs • Will not pay for direct remediation costs – defer to State
Brownfield Redevelopment funds available for
• Phase I & II Environmental Assessments• Phase II Physical Environmental Assessments for abandoned gas stations• Portion of land acquisition costs • Will not pay for direct remediation costs – defer to State
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Strengths of this approach
• Builds on Clean Ohio Fund• Can fill smaller niches or supplement• Supports economic development & environmental goals
Strengths of this approach
• Builds on Clean Ohio Fund• Can fill smaller niches or supplement• Supports economic development & environmental goals
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Mechanics of Green Columbus Fund Program
• Submit either of the two applications• Negotiate development agreement• City Council authorization• Performance based reimbursement
Mechanics of Green Columbus Fund Program
• Submit either of the two applications• Negotiate development agreement• City Council authorization• Performance based reimbursement
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Green Switch Loan Fund
• A revolving loan fund to improve energy efficiency in commercial & industrial buildings• $1,000,000 grant from the U.S. Department of Energy • Loan amounts of up to $200,000 are available for gap financing of energy efficiency construction/renovation projects• Investment: 75% energy efficiency fund, 25% equity/other funding sources
Green Switch Loan Fund
• A revolving loan fund to improve energy efficiency in commercial & industrial buildings• $1,000,000 grant from the U.S. Department of Energy • Loan amounts of up to $200,000 are available for gap financing of energy efficiency construction/renovation projects• Investment: 75% energy efficiency fund, 25% equity/other funding sources
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Green Switch Loan Fund
Loan Terms• 2% to 5% interest (based on financial ability)• 10 to 15 year term• Up to 50% loan forgiveness upon completion of construction and job creation (up to 50% loan forgiveness is offered because of increased costs associated with Davis-Bacon prevailing wage requirements)
Green Switch Loan Fund
Loan Terms• 2% to 5% interest (based on financial ability)• 10 to 15 year term• Up to 50% loan forgiveness upon completion of construction and job creation (up to 50% loan forgiveness is offered because of increased costs associated with Davis-Bacon prevailing wage requirements)
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Green Switch Loan Fund
Job Creation: Construction jobs (project based)Administrative jobs (loan administration)
Administered by:City of ColumbusDepartment of Development 614-645-8644
For applications contact:CommunityCapital Development Corporation614-645-8066
Green Switch Loan Fund
Job Creation: Construction jobs (project based)Administrative jobs (loan administration)
Administered by:City of ColumbusDepartment of Development 614-645-8644
For applications contact:CommunityCapital Development Corporation614-645-8066
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David HullAssistant Director for
Sustainability and Regional DevelopmentColumbus Department of Development
David HullAssistant Director for
Sustainability and Regional DevelopmentColumbus Department of Development
