Pre-Approval Overview and Selection Process
This is the pre-approval application for the third and final application round for this project. In this round, we will be selecting up to eight (8) site hosts (owners, developers, or managers of residential real estate) interested in offering electric vehicle carsharing (and optional charging services) to residents at one or more of their properties. We anticipate construction and on-site installation of charging equipment to occur in Q1 or Q2 of 2025 with electric vehicle charging capacity and carsharing operational by the end of 2025. We will prioritize applicants whose overall site meets the Minnesota Department of Commerce Conservation Improvement Programs (CIP) definition of Qualified Low-Income where at least 66% of residential units are affordable at 60% Area Median Income (AMI) or below.
This pre-approval application allows each applicant to submit up to five proposed sites for consideration. Proposed sites may consist of a property or a group of properties within walking distance to one another. Properties can be made up of one or multiple buildings. Existing properties and developments under construction will be considered if they are scheduled to be open by June 30th, 2025.
The application has a priority deadline of August 31st, 2024, and a final deadline of December 31st, 2024. We will begin the pre-approval selection process and notify selected sites on a rolling basis. Sites that apply before the priority deadline are guaranteed consideration but depending on the quantity and quality of responses received, the application process may close early (i.e., after the priority deadline but before the final deadline).
Filling out this pre-approval application is the first step to become a site host for the project. Pre-approved site hosts will be invited to participate in a preliminary assessment with Xcel Energy and one resident engagement session with HOURCAR. Final approval will be contingent on the completion of these two additional steps.
