DMC’s June Sustainability Series: Promoting Residential Energy Decarbonization via a 0% Loan Program in Minneapolis

12:00:00 - 13:00:00
Zoom only:


Sustainability presentation and discussion with Luke Hollenkamp, Sustainability Program Coordinator with the City of Minneapolis, and Jim Hasnik, Director of Lending Services with the Center for Energy and Environment (CEE).

Hollenkamp and Hasnik will share details about the Minneapolis Residential Energy Efficiency Loan Program, which provides financing to owners of 1-4 unit residential properties in Minneapolis to increase the energy efficiency and reduce the carbon emissions of their homes. City funding provides 0% loans administered by CEE for targeted energy-related improvements that reduce gas consumption via insulation upgrades, switch gas equipment to electric, or install rooftop solar.

Having been originally piloted in the City’s Green Zones environmental justice areas, the success of the program has led it to be offered citywide to all residents. Since inception in 2015, the program has subsidized 274 loans worth over $2M.

Luke Hollenkamp has worked on building, energy, and climate policy since joining the City of Minneapolis in 2016. He represents Minneapolis in its collaborative efforts with local electricity and gas utilities through the Minneapolis Clean Energy Partnership.

In his role at CEE, Jim Hasnik has worked extensively in administering, underwriting, and managing CEE’s home improvement financing programs in the residential, commercial, and nonprofit sectors. This includes working with Minnesota Housing Finance Agency, Minnesota Department of Commerce, and multiple municipalities throughout Minnesota to rehabilitate and promote energy efficiency to existing residential and commercial properties.

The DMC Sustainability Series is free to view.