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Verification of Installation and Inspections Whenever a building permit is not required, a CEE Remodeling Advisor will perform an on-site property inspection to verify that all funds were used for their intended purposes. This on-site verification will not substitute for any required code or permit inspections. Current CEE Financial Services Based on the recommendations of the building analysis and the bids obtained by the property owner, CEE will develop a personalized financial package to meet the objectives of the building owner. Financing packages could potentially utilize financing programs currently provided by CEE in conjunction with the City's financing programs or by themselves. CEE currently offers the financing programs described below. MHFA Fix -Up Fund The Fix -Up Fund offers loans at below market interest rates to homeowners with gross annual household incomes of $96,600 or less. The interest rate is currently 5.99%. The Fix -Up Fund was established to improve the basic livability and/or energy efficiency of the borrower's home. Maximum loan amount is $35,000 with up to a 20 year term. CommunityFix-Up Fund The Community Fix -Up Fund has essentially the same guidelines and terms as the Fix -Up Fund, except it takes a more "targeted approach". The most significant difference is the interest rate is slightly lower at 5.75%. The maximum term is 20 years. CEE will prepare and submit a proposal on behalf of New Brighton to participate in the Community Fix -Up Fund program upon request. The MHFA discount loans are considered Community Fix -up fund loans. CEE Home Energy Loan Program (HELP) The HELP loan offers single family, owner -occupied homeowners, below market financing (4.99%) to complete energy-related improvements to their home. The HELP loan does not carry any income limitations. Maximum loan amount is $20,000 with up to a ten year term. This program is available exclusively through CEE. Private Bank Minnesota Private Bank Minnesota is an independent bank which CEE has partnered with to maximize leveraging of funds for various communities. Private Bank provides CEE access to the secondary loan market as well as other traditional bank products. Rental Loan Fund (RLF) The Rental Loan Fund provides low-interest (4%) financing to owners of residential rental properties to increase the energy efficiency of their buildings. The Minnesota Department of Public Service sponsors the RLF using Exxon Oil Overcharge funds. This program is only offered by CEE. Eligible borrowers may include individuals, partnerships, corporations or other business entities that own eligible property. Maximum loan amount is $20,000 with a maximum 10 year term. Proposal for City of New Brighton Page A-3 Center for Energy and Environment