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BOULDER COUNTY RESIDENTS -- ACT NOW!
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Boulder County Friends
Here's an update on the CimateSmart Loan Program.
Applications for residential projects are being taken April 1 to April 10.
Call me at 303 442 3700 if you are interested in considering an energy efficient remodel.
-- Brandy LeMae
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THINGS TO KNOW:
You must own the property. You must request at least $3,000 in loan funds.
You MUST register for and attend required property owner workshop.
You must obtain written bids or estimates (including “not to exceed” clause).
Income Qualified Loans may only be used for primary residences and are capped at $15,000 per property owner under Federal Law. (Please see below for income guidelines.)
You do not have to Income Qualify to receive a loan. There is a $75 non-refundable application fee.
The loans will be offered in 15-year terms.
Interest rates will be set after the bond sale. |
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INCOME GUIDELINES FOR INCOME QUALIFIED LOANS
| Persons in Household |
115% AMI 2008 |
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1
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$ 70, 035
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2
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$ 80, 040
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3
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$ 90, 045
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4
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$ 100, 050
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5
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$ 108, 100
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6
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$ 116, 035
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Sample-financing scenarios based on recent market rates (2/10/2009).
| Loan Size |
Loan Type |
Loan Term |
Annual
Assessment |
Average
Interest Rate |
| $5,000 |
Income qualified |
15 years |
$517 |
6.15% |
| $5,000 |
Open |
15 years |
$569 |
7.57% |
Note that bond rates change frequently and the actual rates may be higher or lower depending on market conditions at the time of sale. Rates will be no higher than 6.75% for Income Qualified Loans and 8.75% for Open Loans. Boulder County is examining all opportunities to obtain the lowest assessment rates possible.
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ClimateSmart Loan Program: Proposed Eligible Measures List for RESIDENTIAL Properties
Air Sealing
Duct Sealing
Energy or Heat Recovery Ventilator
Whole House Fan
Attic Fan
Insulation (Attic, Wall, Floor, Ducts, Foundation)
High Efficiency Furnace/Boiler
Ground Source Heat Pump
Radiant Heat
Evaporative Cooler
Central Air Conditioner
Programmable Thermostats
Demand/Tankless Water Heating
Electronic Ballasts
Light Timers
Tubular Skylights
Windows and Doors
Reflective Roof
Energy Efficient Pool Equipment
Deciduous Trees
Click here for PDF with additional information.
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VaST offers architecture, site planning, interior design, space planning, LEED consulting, landscape and signage design services for commercial and residential clients. Our dedicated team provides the technical expertise and creative skill to help every client realize a project that melds their needs and desires. Our Objective design the most appropriate, stylish and energy-efficient project for the budget. |
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| 1720 15TH STREET BOULDER CO 80302 |
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303 442 3700 |
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