Case Study
Innovative Financing Model Helps “City of Firsts” Improve Quality of Life for Citizens in Need
Project Financials AT-A-GLANCE: Location: Kokomo, Indiana Housing Authority Units: 550 Project Scope: $3.3 million in upgrades across multiple sites Projected Savings: $233,000 annually Capital Outlay: $0 (Project funded through guaranteed energy and operational savings) Innovative Financing Model Helps “City of Firsts” Improve Quality of Life for Citizens in Need The city of Kokomo, Indiana is known locally as the ‘City of Firsts.’ America’s first car was produced there by Elwood Haynes in 1894. That was followed by the first pneumatic rubber tire and push-button car radio, along with the first mechanical corn picker, canned tomato juice and stainless steel tableware. Today, the innovative city of 57,000 is adding another ‘first’ to its list of accolades through a project