The Sustainable Energy Utility released the following notice today:
Delaware Sustainable Energy Utility
The Delaware Sustainable Energy Utility (SEU) is offering construction financing opportunities to encourage developers to design for maximum energy efficiencies in the construction/rehabilitation of their multi-family buildings in Delaware. At this time, the SEU is accepting applications for construction financing in amounts up to $1,000,000 per project, but no more than 20% of the total development costs, for those projects that are also applying for 2010 Low Income Housing Tax Credits and Housing Development Fund financing from the Delaware State Housing Authority. A total of $2,000,000 up to $5,000,000 will be available for this program.
To obtain an application with application criteria or if you have questions, please contact Ralph Nigro in writing at the following e-mail address email@example.com. You may also call 302-504-3071 for further information, but all requests for applications must be in writing. The application deadline is 4:00 PM on Monday, March 29, 2010. Final financing decisions will be subject to SEU Board approval.