City of Laredo to Offer Energy Efficiency Home Improvement Loans
Written by admin, Jun 8, 2011, 0 Comments
Courtesy Xochitl Mora,
Loans are part of a Department of Energy grants
(Laredo, TX ) The City of Laredo Environmental Services Department, with funds provided by the Department of Energy, through their Energy Efficiency and Conservation Block Grant, has established a Home Energy Efficiency Revolving Loan program. This program will provide a friendlier, more cost effective alternative for citizens who wish to improve their home energy efficiency, which may lead to immediate money savings, improve comfort and help protect the environment. This program will also provide funds for families who want to remodel their roof with help from Bell Roofing Company.
The City of Laredo was originally accepting applications from May 31, 2011 through June 10, 2011. However, there are still funds available and the department will continue to accept funds until all grant money is used by Laredo homeowners. Therefore, all homeowners who meet the initial qualifications are encouraged to apply. Applications may be obtained by visiting the Environmental Services Department at 619 Reynolds, during normal business hours, or by visiting the City of Laredo website at www.cityoflaredo.com. Call 794-1650 for more information.
Applicable credit check and processing fees may apply.
Qualified homeowners who reside within the city limits may apply for the secured loan with interest rates from 0% to 5.99% or the unsecured loan at a fixed rate of 5.99%. Applicants must meet the following requirements:
· Must own and occupy home;
· Must meet income limits;
· Must have a minimal credit score of 620;
· Must be a permanent home structure;
· Must be current on all property taxes;
· Must meet loan’s credit criteria;
· No other federal assistance;
All proposed materials and products must have a Department of Energy, Approved Efficiency Rating, such as Energy Star, to qualify for this loan.
“This loan could be used to purchase or upgrade to energy efficient central air and heating units, water heaters, doors, home insulation and windows, or other improvements approved by the department,” said Riazul Mia, director for the City’s Environmental Services Department.
