LOS ANGELES IS AWARDED $30 MILLION FOR RETROFITTING REAL ESTATE

June 22, 2010 on 12:04 am | In Fascinating Information, Federal Government, Green, Market Trends, Of Local Importance, Uncategorized | 6 Comments

By Jodi Summers

All the banter that Los Angeles mayor, Antonio Villiarigosa has been causing in Washington with his green / energy saving ideas for Los Angeles are paying off. Recently, Vice President Biden announced that Los Angeles County was awarded $30 million to “ramp-up” energy efficiency building retrofits.

Los Angeles was one of 25 communities selected to receive a slice of $452 million in Recovery Act funding under the Department of Energy’s Retrofit Ramp-Up Initiative. The initiative promotes the concept that communities, governments, private sector companies and non-profit organizations will work together on pioneering and innovative programs for concentrated and broad-based retrofit projects.

A simple example of how the Retrofit Ramp-Up Initiative would work would be to have the same construction crew upgrade all the homes on the same block at the same time. The White House notes that this way of doing business, “…Saves contractors time and money. They can pass the savings on to their customers. And it’s just a much more efficient way to operate.”

Biden said the program, part of $80 billion in the Recovery Act for a clean energy economy, will help consumers save money on their energy bills, lower greenhouse gas emissions and create green jobs.

The models created through this program are expected to save households and businesses about a $100 million annually in utility bills, while leveraging private sector resources, to create what funding recipients estimate at about 30,000 jobs across the country during the next three years.

“Investing in retrofits is a triple win,” Vice President Biden observed, adding the program will result in retrofits for hundreds of thousands of U.S. homes and businesses over the next three years.

“This initiative will help overcome the barriers to making energy efficiency easy and accessible to all – inconvenience, lack of information, and lack of financing,” said Energy Secretary Steven Chu. “Block by block, neighborhood by neighborhood, we will make our communities more energy efficient and help families save money. At the same time, we’ll create thousands of jobs and strengthen our economy.”

In addition to the $452 million Recovery Act investment, the 25 projects will leverage an estimated $2.8 billion from other sources over the next 3 years to retrofit hundreds of thousands of homes and businesses across the country. The government noted gleefully, that the program funding was eight times oversubscribed, with more than $3.5 billion in applications received for the just over $450 million in Recovery Act funds available, (kind of like applying for UCLA). That puts it in course for additional investment in energy-saving and job-creating projects like these nationwide.

Retrofit Ramp-Up Awards

The following governments and non-profit organizations have been selected for Retrofit Ramp-Up awards. These projects are planned to begin in fall 2010. Final award amounts are subject to negotiation:

 

Austin, Texas – $10 million

Boulder County, Colorado – $25 million

Camden, New Jersey – $5 million

Chicago Metropolitan Agency for Planning – $25 million

Greater Cincinnati Energy Alliance, Ohio – $17 million

Greensboro, North Carolina – $5 million

Indianapolis, Indiana – $10 million

Kansas City, Missouri – $20 million

Los Angeles County, California – $30 million

Lowell, Massachusetts – $5 million

State of Maine – $30 million

State of Maryland – $20 million

State of Michigan – $30 million

State of Missouri – $5 million

Omaha, Nebraska – $10 million

State of New Hampshire – $10 million

New York State Research and Development Authority – $40 million

Philadelphia, Pennsylvania – $25 million

Phoenix, Arizona – $25 million

Portland, Oregon – $20 million

San Antonio, Texas – $10 million

Seattle, Washington – $20 million

Southeast Energy Efficiency Alliance – $20 million

Toledo-Lucas County Port Authority, Ohio – $15 million

Wisconsin Energy Conservation Corporation - $20 million

**

http://www.energy.gov/news/8870.htm

http://www.whitehouse.gov/the-press-office/vice-president-biden-kicks-five-days-earth-day-activities-with-announcement-major-n

http://content.usatoday.com/communities/greenhouse/post/2010/04/white-house-awards-452-million-to-retrofit-homes-businesses/1

http://www.inhabitat.com/wp-content/uploads/2010/02/Smart-Grid-Obama.jpg

6 Comments »

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  1. [...] Santa Monica Property Blog » LOS ANGELES IS AWARDED $30 MILLION … [...]

    Pingback by E34 1988-1995 For Sale e34 Ground Control Coil over kit FS – The … | BMW Bluetooth — June 22, 2010 #

  2. what are the plans for the $$? are there grants that residents can apply for to retrofit our homes?

    Comment by Dr. P — June 28, 2010 #

  3. Miramax Moves Headquarters to Santa Monica. Rumors around town have pegged The Water Gardens on Olympic Boulevard as Miramax’s new home. Sources at the Water Gardens Company LLC were unable to comment officially on the matter as they are prohibited from discussing leaser’s information, however one such source described the situation as “transitional” and “unfinalized.”

    The move is seen as part of Miramax’s recent restructuring, which has come with announcements and rumors of several sequels to such movies as “Bad Santa,” “Rounders,” and “Shakespeare in Love.” Other potential sequels and TV projects are “Bridget Jones’s Diary,” “From Dusk Till Dawn,” “Swingers,” “Clerks,” and “The Amityville Horror.” The sequels will be developed in partnership with The Weinstein Company (TWC), which was launched in October 2005 by Bob and Harvey Weinstein, the brothers who founded Miramax Films in 1979.

    Comment by Santa Monica Mirror — December 25, 2010 #

  4. Los Angeles was founded on Sept 4 1781 by Felipe De Neve.

    Comment by Jodi Summers — April 5, 2011 #

  5. We can do the job, contact us:
    http://enviroplumbing.com/
    Los Angeles Area
    Phone: 310.450.8180
    Fax: 310.450.8111
    email: info_socal@enviroplumbing.com

    Comment by Enviro Plumber — October 9, 2011 #

  6. Home improvement retailer Lowe’s plans to introduce a cloud-based home-management system in North America called Iris in mid-2012, which will allow users to monitor and control many aspects of their home from their smartphone, tablet or computer, including thermostats, refrigerators, smart plugs, lighting, door locks, motion sensors and more.

    The Iris system will be wireless and allow users to interact with and control many aspects of their home in real time from any mobile device.

    As “smart” technology continues to proliferate, the mass-release of affordable homeowner-controlled “smart” technology is the next step. Because of Lowe’s size and business relationships, the home retailer has the ability to offer this new technology at a rate many can afford.

    Comment by Lowe's — January 14, 2012 #

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