No matter how you look at Obama’s recently passed stimulus bill, it is huge – literally and figuratively. The stimulus bill, in fact, is the largest in the history of the United States and the world. There is also an unprecedented amount of subsidies for the energy sector. Following is an abbreviated version of some of those energy subsidies:
- $14 billion to extend production tax credit for wind energy facilities through 2012 and other renewable energy facilities through 2013. Allow renewable facilities to claim investment tax credit instead of production tax credit. Remove cap on investment tax credit for small wind property. Allow renewable energy producers to claim a 30 percent cash grant from the Treasury Department in lieu of the 30 percent investment tax credit
- $6.3 billion for energy efficiency in multifamily housing getting federal assistance, such as HUD-sponsored low-income housing
- $5 billion to weatherize more than 1 million homes owned by “modest-income” families.
- $4.5 billion to increase the energy efficiency of federal buildings
- $4 billion to repair and modernize public housing units
- $2 billion to increase the tax credit for plug-in hybrid cars to $7,500
- $1.4 billion for bonds to carry out state and local renewable energy and conservation projects
- $510 million to repair and modernize more than 4,000 Native American housing units
- $500 million to train workers for careers in energy efficiency and renewable energy
- $300 million for consumer rebates for energy-efficient appliances
- $268 million to remove caps on a 30 percent residential credit for solar, wind, and geothermal
- $250 million to HUD to improve the efficiency of government-subsidized apartments
Today’s Closed Properties
9119 Lamon #C – Skokie - $172,5,200 (foreclosure)
5120 Sherwin – Skokie - $185,000
4847 Louise #C – Skokie - $192,500
1884 Deerfield – Highland Park - $205,000 (foreclosure)
639 Library #1 – Evanston - $212,500 (foreclosure)
9221 Drake #107N – Evanston - $215,000
313 Hawthorn #F – Glencoe - $225,000
7400 Kostner – Skokie – $260,000
2219 Centeral #3B – Evanston – $268,000
1806 Seward – Evanston $275,000
8228 Knox – Skokie – $300,000 (foreclosure)
8126 Kedvale – Skokie $325,000
206 10th – Wilmette – $340,000
1403 Main – Evanston – $408,000
711 Oak #403 – Winnetka – $505,000
526 Melrose – Kenilworth – $570,000
285 Vernon – Glencoe – $622,500
190 King Muir – Lake Forest $875,000 (foreclosure)
3418 Old Mill – Highland Park – $1,100,000 (short sale)
2405 Colfax – Evanston – $1,387,000
Based on information from Midwest Real Estate Data for the period Feb. 26, 2009 through March 3, 2009. Listing and solds by various Participants of MRED
For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
Filed under: Green news, News Tagged: | closed properties, energy subsidies, energy tax credits, evanston, green homes, north shore, real estate, stimulus bill
