Tuesday, March 19, 2013

Green Revolving Loan Fund Established

A Green Revolving Loan Fund is being established at UCSC following the completion of a Memorandum of Understanding between the Sustainability Office and Colleges, Housing, and Educational Services (CHES) for the provision of an interest-free loan for the College 9/10 Bi-level Stairway Lighting Retrofit Project.

This project was used as the pilot project as an initial step in establishing the Green Revolving Loan Fund. It involves the replacement of 244 exist├Čng interior stairwell light fixtures in the six Colleges 9/10 residential halls. Occupancy sensors will control the new light fixtures for maximum energy savings.

As part of the agreement, CHES will use the funds for this project and also agrees to pay 100% the loan back by June 2013, which will allow for these funds to be used to support future carbon reduction projects. For more information, please contact Lacey Raak.

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