In 1995, faced with a growing list of waiting applicants, Ramsey County increased its commitment. This deferred loan program is especially important to low and moderate householders in Ramsey County. The loans reduce monthly utility expenses, and make the homes more affordable. Indeed, long term home ownership through improved housing affordability is a hallmark of the program. In addition, property values are maintained and the neighborhood housing stock is improved.
Most homeowners receive a new heating plant and insulation with the proceeds of their loan.
Some types of customers may have difficulty securing financing for necessary energy upgrades. The financing arrangement can be provided as a loan or lease and will vary according to the cash flow characteristics of the individual project.