Submitted By
Tammie Grossman, Director, Development Customer Services
Reviewed By
AMZ
Agenda Item Title
Title
A Resolution Adopting the Village of Oak Park Residential Energy Efficiency Matching Grant Program Guidelines
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Overview
Overview
On April 19, 2021, the Village Board approved a budget amendment of $200,000 from the Sustainability Fund to expand CDBG/Sustainability Residential Energy Efficiency Retrofit Grant Fund programs to all residents including homeowners, income-eligible tenants, and landlords for the direct benefit to renters.
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Recommendation
Recommendation
Approve the Resolution
Fiscal Impact
The FY21 Sustainability Fund Budget had $220,000 for the income-eligible single-family rehabilitation energy efficiency grant program. The $200,000 budget amendment on April 19, 2021, increased the fund to $420,000.
Background
The Residential Energy Efficiency Matching Grant Program Guidelines ("Guidelines") is modeled after a successful energy efficiency grant program that the Village participated in with the Chicago Metropolitan Agency for Planning as part of President Obama's federal stimulus program in 2010. Applicants were able to apply for additional funds to optimize energy efficiency. This new matching grant program was established to incentivize all residents to schedule a free energy assessment offered by the regional utilities to identify opportunities for energy-saving retrofits to reduce residential consumption of energy.
The Guidelines are designed to motivate residents to reduce their home's consumption of energy and help owner-occupied single-family owners with up to 4-Units install energy efficiency enhancements to improve occupant comfort and reduce energy costs. These guidelines extend the benefits of the program in a manner that would provide additional direct benefits to tenants living in up to 4-unit buildings. As an example, new LED lights use about 75 percent less energy and last 15 times longer than incandescent b...
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