Commissioner Levine Cava works to bring funding resources to help low- to moderate-income homeowners prepare for the impact of climate change
MIAMI-DADE – Climate change and sustainability funding resources for low- to moderate-income homeowners are available in other parts of Florida, and Commissioner Daniella Levine Cava wants to make those funds accessible to Miami-Dade residents.
The Miami-Dade Board of County Commissioners on Nov. 19 passed legislation sponsored by Commissioner Levine Cava directing the Mayor to evaluate the benefits of partnering with the Solar and Energy Loan Fund (SELF), a non-profit Community Development Financial Institution (CDFI) that specializes in providing loans to low- to moderate-income homeowners for energy efficiency, clean energy alternatives, storm protection, water conservation and disability projects.
SELF is known for providing access to innovative and favorable financing to low- to moderate-income homeowners and assists individuals with poor credit or residents who must otherwise rely on predatory lending – such as high-interest rate credit cards or payday loans. It also helps those who have no financing options at all.
“All homeowners in our county should have financial options available to them for making sustainable home improvements,” said Commissioner Levine Cava. “We are in an affordability crisis. The Solar and Energy Loan Fund would be a great partner in providing access to capital for families that otherwise would struggle to qualify for funds to improve their homes.”
SELF is currently operating in five locations in Florida: Orlando, St. Petersburg, Stuart, Hillsborough County and Martin County.
The County will report back to the Board of County Commissioners on the potential for Miami-Dade to partner with SELF within three months of adoption of the resolution.