Closed

California state funding opportunity

California Lending for Energy and Environmental Needs (CLEEN)

Infrastructure and Economic Development Bank

  • Portal ID2007
  • StatusClosed
0 days — this opportunity has closed Thu, November 17, 2022
PostedJul 13, 2020 ClosesNov 17, 2022
Request grant support

Competitive proposals usually start 6+ weeks out.

$100M Est. available funding
Dependant on number of submissions received, application process, etc. Award amount
Dependant on number of submissions received, application process, etc. Number of awards
Not Required Matching funds

Program summary

Synopsis

IBank’s California Lending for Energy and Environmental Needs (CLEEN) program provides low-cost direct public financing to local governments and nonprofits sponsored by public agencies to help meet the state’s goals for greenhouse gas reduction, water conservation, and environmental preservation

The CLEEN Center offers two programs: the Statewide Energy Efficiency Program (SWEEP) and the Light Emitting Diode Street Lighting (LED) program. Financing can be through a direct loan from IBank or through publicly offered tax-exempt bonds in amounts from $500,000 to $30 million.   With IBank you: • Save time — We conduct a preliminary review process and provide feedback before inviting you to apply. • Can submit applications any time of the year. We accept applications continuously, and because we issue our own bonds to generate funds, we do not run out of funding. • If approved, can receive funds within 45 to 90 days of IBank board approval.• Receive low-, competitive, fixed-interest rates up to 30 years. We are AAA rated, and we pass our low borrowing costs (through bonds) to you. • Don’t have to compete against others — No scoring mechanisms, we operate on a first-come, first-served basis.• Get transparency every step of the way — No surprises. IBank is part of the solution addressing climate change by financing and supporting innovative climate and clean-energy projects that create a better California for all. We are experts in municipal lending and our loan team values access to opportunity, diversity, and inclusion and truly cares about connecting city and other local governments to the low-cost financing they need to make their important public infrastructure and economic expansion projects a reality.   Eligible Projects: Include but are not limited to: • Advanced metering systems to support conversion of master-metered buildings to sub-metering• Data center, information technology, communications• Energy management and/or control systems• Demand response programs• Water/wastewater, pipeline, mining/extraction, and similar end-use processes, facilities, buildings, and infrastructure• Lighting and control systems• Converting incandescent to CFL• LED repairs, replacements and upgrades• Heating, ventilation and air conditioning systems (HVAC)• Building envelope• Occupant plug load management systems• Load reduction• Zero emission vehicles• Hydrogen fueling stations• Thermal and electric energy storage  

Timeline

Key dates

  • July 13, 2020
    Opportunity posted to California Grants Portal
  • November 17, 2022
    Applications close
  • Continuous
    Expected award date

Who may apply

Eligibility

Eligible applicant types as published by the awarding agency:

  • Public Agency
Additional info on eligibility
Eligible applicants include, but are not limited to: any subdivision of a local government, including cities, counties, special districts, assessment districts, joint powers authorities and nonprofit corporations (as deemed eligible), public universities, schools and hospitals.
Geography
California

Awarding agency

Additional information

Agency name
Infrastructure and Economic Development Bank
Full announcement
View the full announcement ↗
Grantor contact
1-916-341-6600
LoanProgram@ibank.ca.gov

Funding

Funding source

Source
Other
Funding method
Reimbursement(s)
Notes
Sources of Financing Repayment: Water, sewer and other enterprise revenues, general fund revenues, property assessments, Mello-Roos, special taxes, and other recurring revenues acceptable to IBank.

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Every engagement is scoped around the organization in front of us — its goals, its deadline, and the internal capacity it already has. Pricing, team assignments, and project milestones are agreed before any work begins, so there are no surprises mid-project. Below are the questions prospective clients and partners ask us most often.

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