HUD PowerSaver Pilot Loan Program

Technical Report · Fri Dec 10 04:00:00 EST 2010

DOI:https://doi.org/10.2172/1016371· OSTI ID:1016371

Zimring, Mark ^[1]; Hoffman, Ian ^[1]

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1. Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

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.

• Research Organization: Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division
• Sponsoring Organization: USDOE
• DOE Contract Number: AC02-05CH11231
• OSTI ID: 1016371
• Report Number(s): LBNL--4555E
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
COMMUNITIES
ENERGY EFFICIENCY
INSURANCE
TARGETS