The purpose of this Notice is to expand the current PowerSaver Retrofit Pilot program to FHAs Section 203(k) home purchase and rehabilitation program, by making grants available to currently-approved Section 203(k) lenders for this purpose.
The overall goals of the PowerSaver Retrofit Pilot
(1) to facilitate the testing and scaling of a mainstream mortgage product for home energy retrofit loans that includes liquidity options for lenders, resulting in more affordable and widely available loans than are currently available for home energy retrofits; and (2) to establish a robust set of data on home energy efficiency improvements and their impact on energy savings, borrower income, property value, and other metrics for the purpose of driving development and expansion of mainstream mortgage products to support home energy efficiency retrofits.
Obtain Full Opportunity Text:
Application Package and Instructions Download using CFDA Number ONLY.Additional Information of Eligibility:
Applicants for grant assistance under this NOFA are limited to existing FHA-approved Lenders with a minimum loan volume of 300 Section 203(k) loans insured by FHA in FY 2012 (October 1, 2011 through September 30, 2012).
These lenders are as follows: Wells Fargo, Prospect Mortgage, Bank of America, Prime Lending A Plains Capital Company, Real Estate Mortgage Network, Michigan Mutual, American Financial Resources, AmeriFirst Home Mortgage, and Fifth Third Bank.
Title II FHA-approved lenders who were previously selected to participate in the initial Title I PowerSaver Pilot are automatically eligible to participate in the PowerSaver Pilot 203(k) Program, but are not eligible to receive additional grant funds provided through this NOFA.Full Opportunity Web Address:https://apply07.grants.gov/apply/forms_apps_idx.htmlContact:
Michael Freedberg Office of Sustainable Housing and CommunitiesPhone 202-402-4366 Agency Email Description:
For questions about this Notice contact Michael Freedberg. Agency Email:
firstname.lastname@example.org Date Posted:
2013-08-13Application Due Date: