10A Action 2009 0615 - Laserfiche WebLink

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Attachment 2 Potential Funding Sources for Greening Existing Buildings and Landscapes The following funding sources can potentially be leveraged. Other sources may also be available in addition to the ones listed here. 1. Energy Efficiency and Conservation Block Grants Total Funding Available: $3.2 billion Overview: Federal grants to units of local government, Indian tribes, and states to reduce energy use and fossil fuel emissions, and for improvements in energy efficiency. Of the $3.2 billion appropriated, $2.8 billion will go out through a formula set by federal law and another $400 million will go out in competitive energy grants. Cities with a population of over 35,000 and counties with population over 200,000 will apply for funds directly through the federal Department of Energy (DOE); Cities with populations of under 35,000 and counties with population under 200,000 will get their funding through the California Energy Commission. Preliminary estimate for Alameda County: $12.7 million. We are asking for approximately 4 % of this amount. 2. State Energy Program (SEP) Total Funding Available: $50 million Overview: Proposal from Bevilacqua Knight, Inc. to the California Energy Commission to allocate the SEP grant as matching funds to encourage local governments to support regional comprehensive home energy retrofit and solar programs. 3. Weatherization Assistance Total Funding Available: $5 billion Overview: Funding towards low-income weatherization programs through the federal Department of Energy for existing residential and multifamily housing with low-income residents. Low income residents in California can apply for weatherization funding through the State Department of Community Services and Development. 4. Neighborhood Stabilization Program Total Funding Available: $2.0 billion Overview: The Neighborhood Stabilization Program provides emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities. The Neighborhood Stabilization Program (NSP) provides grants to purchase foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to stabilize neighborhoods and stem the decline of house values of neighboring homes. 5. Assisted Housing Stability and Energy and Green Retrofit Programs Total Funding Available: $2.25 billion Overview: $2 billion for project based rental assistance (e.g., "Section 8") fora 12- month period. In addition, $250 million for grants or loans for energy retrofit and green investments in such assisted housing. 6. Green Jobs Total Funding Available: $500 million Overview: Research, labor exchange and job training projects to prepare workers for careers in energy efficiency and renewable energy industries. Up to $37.5 million provided for Job Corps Centers, which may include training for careers in energy efficiency. 7. State Water Board Revolving Loan Fund Total Funding Available: $280 million of stimulus funds at 0% or 1 %, probably fully committed already. Additional funding of at least $50 million and up to $3 billion is possible, at 2-3% (Yz the State General Obligation Bond Rate). Overview: Revolving Loan Fund for projects administered by the State Water Board.