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Title: HUD PowerSaver Pilot Loan Program

Abstract

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.

Authors:
 [1];  [1]
  1. Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)
Publication Date:
Research Org.:
Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States). Environmental Energy Technologies Division
Sponsoring Org.:
USDOE
OSTI Identifier:
1016371
Report Number(s):
LBNL-4555E
DOE Contract Number:  
AC02-05CH11231
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; COMMUNITIES; ENERGY EFFICIENCY; INSURANCE; TARGETS

Citation Formats

Zimring, Mark, and Hoffman, Ian. HUD PowerSaver Pilot Loan Program. United States: N. p., 2010. Web. doi:10.2172/1016371.
Zimring, Mark, & Hoffman, Ian. HUD PowerSaver Pilot Loan Program. United States. doi:10.2172/1016371.
Zimring, Mark, and Hoffman, Ian. Fri . "HUD PowerSaver Pilot Loan Program". United States. doi:10.2172/1016371. https://www.osti.gov/servlets/purl/1016371.
@article{osti_1016371,
title = {HUD PowerSaver Pilot Loan Program},
author = {Zimring, Mark and Hoffman, Ian},
abstractNote = {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.},
doi = {10.2172/1016371},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2010},
month = {12}
}