TSSEC December 2023 Newsletter

With good wishes for the holiday season and for your health and well being, the TSSEC Board of Directors want to bring you some good news in these uncertain times. 

Although it’s been a long while since we got in touch with you about TSSEC and our projects, things have been moving along in the background. We have three Green Loans and 3 Climate Action Loans on the go, for a total of $31,035 investments in our community.  This brings us up to $213,150 spread over 34 loans made since 2011!  

With the rising costs of buying and installing climate action equipment we have raised our ceiling for Climate Action Loans to $7,000.  And, we’ve implemented a new program to provide bridge financing for home owners who are taking advantage of the government grant programs but who do not have the resources to cover the period between paying contractors and receiving reimbursement from the government.  The $5,000 CAL pool supported by the Electric Vehicle group is also available for loans to EV owners to install chargers.

Our biggest challenge as has always been the case seems to be finding projects to support!  Early in 2024 we will be digging deeper into this question to determine where the needs are and how we can increase our presence in the community.  To this end we hope to talk with you, our members, about your interest in/capacity for supporting larger projects (like housing for workers/seniors) and new ways to reach green project proponents and entrepreneurs.

After many years of service to TSSEC, Markus Wenzel has left the Board of Directors.  His shoes will be extremely hard to fill, and we thank him for his significant contributions. 

We’re asking you to help spread the word!  We offer very low interest loans … streamlined application processes … project expertise … and your enthusiasm for our community’s wellbeing.

With best wishes for a safe and joy-filled holiday season.