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Bonds Backed by Homeowner Energy-Efficiency Loans Seen Expanding

Renovate America Inc., a closely held company that works with municipalities to let homeowners use property liens to borrow cheaply for energy-efficiency improvements, is expecting more sales of a new type of bond tied to the financing.

“We expect to do additional securitizations next year,” J.P. McNeill, chief executive officer at Renovate America, said in a telephone interview.