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REBUILD HAWAII CONSORTUIM

REBUILD HAWAII CONSORTUIM. March 5, 2012. USDA Rural Development. Over 40 grant, direct loan, and guaranteed loan programs to finance housing, businesses, and infrastructure in rural areas. Program Areas: Rural Housing Programs Rural Utility Programs Rural Business and Cooperative Programs

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REBUILD HAWAII CONSORTUIM

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  1. REBUILD HAWAII CONSORTUIM March 5, 2012

  2. USDA Rural Development • Over 40 grant, direct loan, and guaranteed loan programs to finance housing, businesses, and infrastructure in rural areas. • Program Areas: • Rural Housing Programs • Rural Utility Programs • Rural Business and Cooperative Programs • http://www.rurdev.usda.gov

  3. State Office—Hilo, HI Area I--Oahu Islands of Kauai, Oahu, Maui, Molokai/Lanai, Hawaii American Samoa Area II--Guam Guam Commonwealth of the Northern Marianas Islands Republic of Palau Republic of the Marshall Islands Area III—Pohnpei (Federated States of Micronesia—FSM) country) Pohnpei , Yap State, Kosrae, Chuuk

  4. Online Tools • Energy Maps • Energy Matrix • www.usda.gov/energy

  5. Rural Energy for America Program (REAP) • Renewable Energy Systems and Energy Efficiency Improvements projects • Grants and guaranteed loans • Eligible for agricultural producers and rural small businesses (Must be for-profit) • Feasibility Studies for Renewable Energy System projects • Energy Audit Assistance

  6. Eligible Projects • Purchase of a renewable energy system or energy efficient improvements • Technology must be pre-commercial or commercially available, and replicable • Project must have technical merit

  7. Renewable Biomass Bio energy Anaerobic digester Wind Large vs. small Solar Electric Thermal Large vs. small Geothermal Direct use (heat pump) Electric generation Hydrogen Hydroelectric (small) Hybrids Ocean Energy Renewable Energy Systems

  8. Energy Efficiency • Improvements to a building, facility or process that reduces energy consumption or energy consumed per square foot • Lighting, refrigeration, cooling, insulation • Replacement of existing systems

  9. Grant Funding • Grants may be made for up to 25% of eligible project costs • Renewable energy max. grant: $500,000 • Minimum: $2,500 • Energy efficiency max. grant: $250,000 • Minimum: $1,500

  10. Guaranteed Loans • Normally 80% guarantee • 85% for loans $600,000 or less • 70% for loans greater than $5 million • Loan amount limited to 75% of total eligible project costs • Maximum guaranteed loan amount: $25 million

  11. Combined Funding • Project could apply for both grant and guaranteed loan • Combined funding limited to 75% of total eligible project cost • Simultaneous submission of grant and guaranteed loan applications • Grant portion of funding may be used to fulfill equity requirement for guaranteed loan

  12. Rural Energy for America Program (REAP) • Renewable Energy / Energy Efficiency Grants and Loan Guarantees • Funds allocated to state offices • Competitive selection • National reserve available when state allocation is exhausted (competitive)

  13. Competitive Funding • State allocations—three “pots” of money • Grants $20,000 or less ($80K project) • Grants greater than $20,000 • Guaranteed Loans • National reserve competition when state funds are exhausted

  14. Rural Energy for America Program (REAP) • Energy Audit and Renewable Energy Development Assistance • Grant funding to assist with cost of performing energy audits or technical assistance for renewable energy projects (site selection, resource assessments) • Colleges and universities, units of state or local government, Rural Electric Cooperatives, public power entities eligible

  15. Rural Energy for America Program (REAP) • Feasibility Studies, Energy Audit, Renewable Energy Development Assistance Grants • Funds held at national level • Competitive selection

  16. REAP Funding Hawaii REAP Funding

  17. Hawaii Projects Funded • Solar, solar, solar • Flex Fuel Dispenser • Energy Efficiency (only one!)

  18. REAP Funding FY 2012 National Program Level: • $25.4 million = • Grants $10.2 million (allocated to States) • Guaranteed Loans $41.9 million Hawaii REAP Allocations- FY 2012 • Grants $20,000 or less - $50,000 • Grants greater than $20,000 - $58,000 • Guaranteed Loans - $294,000 • National Office Reserves - $2,795,000

  19. Going Forward… Other USDA Programs for Energy • Community Facilities (non-profits) • Water & Environmental Loans • Business & Industry Guaranteed Loans • High Energy Cost Grant • Rural Electric Loans (via KIUC)

  20. Who to Contact… Oahu/Kauai/American Samoa Shirley M.U. Heatherly 99-193 Aiea Heights Drive, Suite 156 Aiea, HI 96701 (808) 483-8600, Ext. 118, (F) 483-8605 shirley.heatherly@hi.usda.gov West Hawaii/FSM/Guam/ROP/RMI Denise M. Oda 154 Waianuenue Ave., Room 311 Hilo, HI 96720 (808) 933-8323 (F) 933-8327 denise.oda@hi.usda.gov • Maui/Moloka’i/Lana’i/East Hawaii • Lori Nekoba • Business Programs Specialist • Hilo, HI 96720 • (808) 933-8312 (F) 933-8327 lori.nekoba@hi.usda.gov

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