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Committee advances a set of energy grants and Green Finance measures for property retrofits
Summary
The committee approved forwarding multiple grants: a $2.08M California Energy Commission award for Green Finance San Francisco, an $875,957 CEC/ABAG grant for efficiency deployment, and a $2.99M ARRA DOE grant to the mayor's office to seed a regional revolving loan fund targeting multifamily affordable housing.
The committee forwarded several energy-related grants and programs aimed at financing energy and water retrofits in private and affordable multifamily housing.
Item 3 authorizes the Department of the Environment to accept and expend $2,080,000 from the California Energy Commission for Green Finance San Francisco, the city's municipal financing program for energy and water retrofits of privately owned buildings; Item 4 authorizes accepting $875,957 from the California Energy Commission via the Association of Bay Area Governments for deployment of energy-efficiency projects. Department staff said the $875,000 is intended for audits and the larger amount for installation subsidies; about $600,000 of funds were set aside for low-income retrofits.
Item 5 is a separate ARRA grant ($2,993,029) awarded to the Mayor's Office of Housing to establish a revolving loan fund and provide technical assistance to multifamily affordable housing; the mayor's office will partner regionally with Berkeley and Oakland. Presenters said about $2,000,000 of that grant will serve as a top-loss reserve to leverage private capital into a $4 million loan pool, and the remainder will fund energy audits and underwriting support.
Supervisors asked for more aggregate briefings on GreenFinanceSF to understand outreach, contractor engagement and workforce implications; staff agreed to follow up. All three items were forwarded to the full board with recommendation.
