Main Street Power - Jonathan Rose Companies

Policy / Nation	Planning / Nation	Development / Nation	Civic Development / Nation	Investment / Nation
Policy / Region	Planning / Region	Development / Region	Civic Development / Region	Investment / Region
Policy / City	Planning / City	Development / City	Civic Development / City	Investment / City
Policy / Neighborhood	Planning / Neighborhood	Development / Neighborhood	Civic Development / Neighborhood	Investment / Neighborhood
Policy / Building	Planning / Building	Development / Building	Civic Development / Building	Investment / Building

NEWS

A Pillar in the Harlem Community is Honored with the Grand Opening of Dr. Muriel Petioni Plaza
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LEED-ND Isn't Just for Luxury Housing Developments
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ULX - The Art of Affordable Housing
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GREEN URBAN SOLUTIONS

We need a cohesively planned and integrated national freight and regional commuter transit system to promote energy security, regional prosperity, and quality of life....
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Green housing is healthier for the labor that builds it, its residents and the community...
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If we are to green our communities, we need to green the systems that frame, connect and sustain them...
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EVENTS CALENDAR

Jul. 17, 2012
Jonathan F.P. Rose
President, Jonathan Rose Companies
City Parks Alliance
NYC Department of Parks and Recreation
Greater and Greener: Re-Imagining Parks for 21st Century Cities
Panelist: Developers' View of Parks
urbanparks2012.org

Nov. 15, 2012
Jonathan F.P. Rose
President, Jonathan Rose Companies
American Institute of Architects Philadelphia Chapter
10th Annual Design on the Delaware Conference
designonthedelaware.com

Main Street Power

34 Sites Across Colorado

GOAL

Provide reduced cost power to low income communities and job opportunities/training to under-employed residents.

CHALLENGE

Providing low cost power while supporting green job creation and training programs.

OUTCOME

Created and/or maintained approximately 45-55 jobs, provided for the training of 10 low income persons, and provided solar education to over 600 K-12 students. Financial savings of $2.76 million to local governments, and annual carbon emissions reductions of 2,908 tons.

The Rose Urban Green Fund, LLC (RUGF), a CDFI-certified Community Development Entity (CDE), contributed a $9 million allocation of New Markets Tax Credits (NMTCs) to Main Street Power Company, Inc. (MSP) for the installation of solar photovoltaic (PV) energy generating systems for 35 government agency buildings in highly distressed Low Income Communities across Colorado. The $18.5 million project was financed in partnership with the Colorado Housing and Finance Authority’s CDE, equity provided by U.S. Bank, a leveraged loan from Morgan Stanley Solar Holdings, and 1603 Treasury Grants in lieu of tax credits for renewable energy production. MSP collaborated with the City and County of Denver, the County of Pueblo, Denver Public Schools and the Colorado Department of Corrections to install PV panels on their agency buildings and to offer renewable energy at a structured, low cost to the participating local governments.

This project meets RUGF’s mission to support the creation of green jobs and the production of renewable energy. MSP contracted the construction, installation, and maintenance of the systems to local companies. MSP also partnered with community development agencies and community colleges to offer workforce training to unemployed and underemployed individuals. Subcontractors hired graduates of solar installation training programs. In total, the project created 58 installation jobs, 12 apprenticeships and 6 permanent jobs. Notably, MSP trained 24 prisoners, who installed panels at the CO Department of Corrections sites.

This project will significantly decrease the financial burden currently facing local and state governments by providing approximately 10 to 20% or $2.76 million in total energy cost savings over 20 years. In addition, MSP provided a solar curriculum, including real time system tracking and solar car kits, for 700 Denver Public Schools k-12 students.