In fall
of 2011 Boulder County released an RFP looking for a financial
partner to help create a new energy efficiency and renewable energy financing
product after FannieMae and FreddieMac put the kibosh on the highly successful
Climate Smart Loan Program and we had a big hole to fill.Elevations
was awarded the contract and thus selected to help create aunique and
forward-thinking financing program thatnot only stimulates the
marketplace and creates jobs. Elevations was willing to step out of the
box and be creative to develop an affordable financing program that will serve
as a model for the rest of the state and country.
Through a
public/private partnership, Boulder County and the City and County of Denver
collectively devoted nearly $8,000,000 of grant funds in Loan Loss Reserve in
order to leverage $35,000,000 in Elevations lending capital. Together,
the Counties and Elevations co-created a program that not only offers low
interest financing, but also incorporates their successful energy advisor
model, to ensure borrowers are supported by an energy expert throughout their
energy upgrade process. Energy Loans can be used for a wide range of energy
efficiency and renewable energy upgrades including insulation, air sealing,
heating, cooling, water heating, windows, roofing, and solar PV. --
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In fall
of 2011 Boulder County released an RFP looking for a financial
partner to help create a new energy efficiency and renewable energy financing
product after FannieMae and FreddieMac put the kibosh on the highly successful
Climate Smart Loan Program and we had a big hole to fill.Elevations
was awarded the contract and thus selected to help create aunique and
forward-thinking financing program thatnot only stimulates the
marketplace and creates jobs. Elevations was willing to step out of the
box and be creative to develop an affordable financing program that will serve
as a model for the rest of the state and country.
