New Water District Being Formed in Nashville, NC
Survey teams are hitting the streets as part of the design phase for Nash County's new water district. N.C. Division of Water Infrastructure awarded a $3 million grant and comes with a $3 million, zero-percent loan and a $3.5 million loan not to exceed 1.9 percent for a total of $9.5 million.
Orange County Water District Requests $124M WIFIA Loan for Water Recycling
Orange County Water District will expand its existing water recycling plant from 100 million gallons per day to 130 million by using treated wastewater from the sanitation plant. The project will create another 31,000 acre-feet per year of water supply; recharge the local groundwater; and reduce the need for imported water.
Indiana Finance Authority Requests $436M WIFIA Loan for SRF
The Indiana Finance Authority will expand the reach of its Clean Water and Drinking Water State Revolving Fund programs and fund dozens of additional projects in communities across the state.
EPA Approves Expedited Loan Funding for Harvey-Related Water Projects
The Environmental Protection Agency recently approved a request from Texas officials to expedite funding to help local governments restore water and wastewater systems damaged by Hurricane Harvey.
Highland Park, IL, TIF for Water Infrastructure Facing Criticism
The city of Highland Park, Illinois, is facing some criticism from the schools' chief in Township High School District 113 over plans to use Tax Increment Financing (TIF) revenue to pay for water and road infrastructure in the Briergate business area.
Editorial: The Capital Stack: PACE Finance vs. Mezzanine Debt
Property Assessed Clean Energy financing is poised to seize a growing share of the commercial mezzanine debt market, while simultaneously encouraging energy-efficient development, realizing significant cost savings and improving building values.
CA Legislature Approves Landmark Consumer Protection Framework for PACE
The most successful energy-efficiency financing program in history just got markedly better as the California Legislature approved a comprehensive consumer protection, underwriting, and regulatory framework for Property Assessed Clean Energy (PACE) and sent it to Governor Jerry Brown's desk.
Dayton OKs $300K PACE Loan
The Dayton-Montgomery County Port Authority Board of Trustees approved a $300,000 loan to a commercial building that bills itself as "the largest community of artists and artisans in the Dayton area." The DiPerna report noted that the building is 100 percent leased even in its current condition, and it said the property should become more marketable with a new, more efficient, boiler in place.
Mosaic Sells $300M Worth of Solar Loans to Goldman Sachs
Solar loan provider Mosaic reached an agreement with Goldman Sachs in which the bank will buy $300 million in loans over time. This deal will clear up space on Mosaic's balance sheet to finance more loans, and signals a prestigious bank's willingness to buy and own solar loans for itself.
KS Utility Revamps a Coal Plant with $250 in Bonds
Faced with the need to add air pollution controls to its Nearman Creek coal-fired power plant or shut it down, the Board of Public Utilities in Kansas City, Kansas decided to undertake a major construction project: adding $250 million worth of air quality equipment to the 235-megawatt plant. The project was financed using tax-exempt municipal bonds.
New Partnership Will Expand PACE in CA
The Executive Committee of the Western Riverside Council of Governments (WRCOG) recently approved a partnership with PACE Funding Group, LLC., a leading provider of residential Property Assessed Clean Energy (PACE) financing in the State of California. This partnership will offer more financing options and greater choice to the residents of western Riverside County as they consider their energy efficient home improvement needs.