New Funding Options for Building Rehabilitation You Are Not Using

July 20th, 2016, 11 am – 12 pm

Heritage Ohio is combining two sources of innovative non-debt investment for building rehabilitations which you have probably over-looked into one useful webinar.
PACE- Property Assessed Clean Energy
When you upgrade a building many of the decisions you make, from roof, to elevator, to mechanical systems and solar that impact your energy consumption. For these upgrades you can get low-interest fixed-rate capitalfrom a PACE investment, which in turn gets paid back not via a conventional loan, but through special assessment for up to 30 years along with your property tax bill. PACE can finance 100% of eligible project costs and is transferable to future owners so you don’t have to pay it off when you sell. PACE can reduce your debt load and expand your access to capital while saving money on your utility bills.
LGIF- Local Government Innovation Funds.
When working on significant rehabilitation projects, local political subdivisions often partner with developers as well as Main Street organizations, CICs, Port Authorities, etc. to bring about a successful project. Ohio’s LGIF fund has a 0%, 10 year loans (up to $500,000) for innovative partnerships which include building projects which will increase sales, income, and property taxes.

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PRESENTER BIOS

Andy Holzhauser– Is Chief Executive Officer and founder of the Greater Cincinnati Energy Alliance, He also serves on the Board of Directors of PACE Nation and Green Umbrella.
Julia Hinten -Local Government Innovation Fund Program Manager Office of Strategic Business Investments, Business Services Division
 

CONTINUING EDUCATION CREDITS

This webinar has been approved for 1 HSW continuing education credit from AIA.