Submitted By
Tammie Grossman, Director, Development Customer Services
Reviewed By
AMZ
Agenda Item Title
Title
A Resolution Adopting the Village of Oak Park Multifamily 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 multifamily energy efficiency matching grant program guidelines were 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 owners of multifamily dwellings to schedule a free energy assessment offered by the regional utilities to identify opportunities to save energy for tenants, and optimize building performance with energy-saving upgrades.
The matching grant program guidelines are designed to motivate non-owner-occupied building owners to improve building performance with energy-efficiency measures that will also provide a direct benefit to tenants and reduce energy costs. As an example, new LED lights use about 75 percent less energy and last 15 times longer than incandescent bulbs. Heating and cooling upgrades improve and reduce energy costs while providing more efficient temperature control, all while utilizing less ene...
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