Read our 2020 Annual Report: Supporting Businesses for a Stronger, Healthier Future
OAQDA Update on the COVID-19 Emergency
Notice on CAIP Program Guidelines & Public Comment
Notice on Revised Fee Schedule
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Launching the Clean Air Improvement Program
OAQDA is proud of its 50-year history of supporting businesses of all sizes with projects that improve the quality of Ohio’s air. In 2020, the agency took time to reflect and listen to its customers and stakeholders, utilizing their input to redevelop the program to achieve more transparency and clarity for larger, complex air quality projects. The Authority also developed a data-driven evaluation process with increased accountability to support long-term and meaningful results of projects.
Through this inclusive and systematic process, the Authority approved the program guidelines in August 2020 and launched the Clean Air Improvement Program (CAIP), formally known as Project Development and Financing (PDAF).
CAIP is a tool for qualified projects that contribute to improving air quality, creating jobs or other economic benefits, engaging local partners and achieving other positive benefits to the state. The advantages of this bond financing are numerous, including tax exemptions on sales and use, real property and interest income on the bonds.
By clarifying the opportunity for projects to participate, CAIP is becoming more understood by potential borrowers, lenders and their partners, thereby stimulating local economies with improvements to building infrastructure and creating jobs. At the same time, CAIP is improving the health and safety of all Ohioans.
Projects of all sizes and from any industry are encouraged to apply for the program, which can feature energy-efficiency, renewable energy, recycling and solid waste disposal and reduction of harmful air pollutants.
OAQDA also collaborates with economic development partners throughout Ohio to support CAIP projects that benefit the state ecologically and economically. The relationships may include lending institutions, administrators of other incentive programs and port authorities serving as capital providers and Commercial Property Assessed Clean Energy (C-PACE) program administrators. These partnerships benefit local communities and businesses. In 2020, OAQDA worked collaboratively to support the following CAIP projects:
• 243 North Fifth Holdings (Franklin County) – Closed on $448,052 to update a downtown Columbus office building with more energy efficient windows and add an onsite solar electric system. The project also utilized PACE financing in coordination with the lender.
• 921 Chatham (Franklin County) - Closed on $1,327,028.47 in financing to replace the lighting system, HVAC and building automation system, as well as install a new solar photovoltaic array.
• Easton Oval (Franklin County) – Closed on $1,960,709 in financing for a renovation project in Columbus. The CAIP funding supports updates to the HVAC, lighting, building automation system and elevator, and also the installation of a solar electric system.
• Riverside 10, LLC - Marble Cliff (Franklin County) – Closed on $2,022,500 in financing to install new HVAC equipment to three office buildings located at 1600 Dublin Rd. in Columbus. The project also utilized PACE in coordination with the lender.
• Claypool, LLC (Montgomery County) - Closed on $725,084 in financing for 4130 Linden Ave. in Riverside, Ohio. The company included PACE to replace HVAC units, upgrade the elevator and add LED lighting. The project also installed energy efficient windows, a roof membrane and a solar electric system.
• Tomco Machining (Montgomery County)– Closed on $1,775,000 in financing to support the energy efficiency improvements of a new manufacturing plant in Springboro that produces precision duct-type and tubular assemblies for the aerospace industry and other specialized industries. The project also includes the installation of an onsite solar PV system.