Erie County’s seed-based financing program records first approved project; fees to flow to county
County staff said the seed-based financing program (established 2021) has its first approved application: a project using a tax-bill-based assessment to finance energy-efficiency upgrades; program fees associated with the transaction will be credited to Erie County.
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County staff described the county's 'seed-based' program — established by council in 2021 — and reported that a first application has been approved. The program allows property owners to obtain favorable financing for energy-efficiency upgrades in exchange for a tax-bill-based assessment that ensures repayment; staff said the program fees associated with this transaction will accrue to Erie County.
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