HUD PowerSaver Pilot Loan Program

Zimring, Mark ; Hoffman, Ian

Lawrence Berkeley National Laboratory

关键词: Energy Efficiency;    Targets;    29;    Insurance;    Communities;   

DOI  :  10.2172/1016371
RP-ID  :  LBNL-4555E
RP-ID  :  DE-AC02-05CH11231
RP-ID  :  1016371

美国|英语

来源: UNT Digital Library

【 摘 要 】

The U.S. Department of Housing and Urban Development (HUD) recently announced the creation of a pilot loan program for home energy improvements. The PowerSaver loan program is a new, energy-focused variant of the Title I Property Improvement Loan Insurance Program (Title I Program) and is planned for introduction in early 2011. The PowerSaver pilot will provide lender insurance for secured and unsecured loans up to $25,000 to single family homeowners. These loans will specifically target residential energy efficiency and renewable energy improvements. HUD estimates the two-year pilot will fund approximately 24,000 loans worth up to $300 million; the program is not capped. The Federal Housing Administration (FHA), HUD's mortgage insurance unit, will provide up to $25 million in grants as incentives to participating lenders. FHA is seeking lenders in communities with existing programs for promoting residential energy upgrades.