This grant, offered by the department overseeing FHA programs, is designed to expand the PowerSaver Retrofit Pilot program to FHA’s Section 203(k) home purchase and rehabilitation program. Grants are available to currently-approved Section 203(k) lenders. The primary goals are twofold: first, to facilitate the testing and scaling of a mainstream mortgage product for home energy retrofit loans, ensuring more affordable and widely available options. Second, the initiative aims to establish comprehensive data on home energy efficiency improvements. This data will analyze impacts on energy savings, borrower income, and property value, ultimately driving the development and expansion of mainstream mortgage products that support home energy efficiency retrofits.
Opportunity ID: 239829
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5700-N-30 |
| Funding Opportunity Title: | Energy Innovation Fund PowerSaver Pilot 203(k) Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development Housing |
| Category Explanation: | – |
| Expected Number of Awards: | 4 |
| Assistance Listings: | 14.319 — Multifamily Energy Innovation Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Aug 13, 2013 |
| Last Updated Date: | Aug 13, 2013 |
| Original Closing Date for Applications: | Sep 12, 2013 |
| Current Closing Date for Applications: | Sep 12, 2013 |
| Archive Date: | Oct 12, 2013 |
| Estimated Total Program Funding: | $5,000,000 |
| Award Ceiling: | $2,500,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on 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. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | 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 Program are: (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. |
| Link to Additional Information: | Application Package and Instructions Download using CFDA Number ONLY. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Michael Freedberg
Office of Sustainable Housing and Communities Phone 202-402-4366 Email:michael.freedberg@hud.gov |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Corrects phone number. | Aug 13, 2013 | |
| Modification adds CFDA number. | Aug 13, 2013 | |
| Aug 13, 2013 |
DISPLAYING: Synopsis 3
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5700-N-30 |
| Funding Opportunity Title: | Energy Innovation Fund PowerSaver Pilot 203(k) Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development Housing |
| Category Explanation: | – |
| Expected Number of Awards: | 4 |
| Assistance Listings: | 14.319 — Multifamily Energy Innovation Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 3 |
| Posted Date: | Aug 13, 2013 |
| Last Updated Date: | Aug 13, 2013 |
| Original Closing Date for Applications: | Sep 12, 2013 |
| Current Closing Date for Applications: | Sep 12, 2013 |
| Archive Date: | Oct 12, 2013 |
| Estimated Total Program Funding: | $5,000,000 |
| Award Ceiling: | $2,500,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on 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. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | 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 Program are: (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. |
| Link to Additional Information: | Application Package and Instructions Download using CFDA Number ONLY. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Michael Freedberg
Office of Sustainable Housing and Communities Phone 202-402-4366 Email:michael.freedberg@hud.gov |
DISPLAYING: Synopsis 2
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5700-N-30 |
| Funding Opportunity Title: | Energy Innovation Fund PowerSaver Pilot 203(k) Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development Housing |
| Category Explanation: | – |
| Expected Number of Awards: | 4 |
| Assistance Listings: | 14.319 — Multifamily Energy Innovation Fund |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 2 |
| Posted Date: | Aug 13, 2013 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | – |
| Current Closing Date for Applications: | Sep 12, 2013 |
| Archive Date: | Oct 12, 2013 |
| Estimated Total Program Funding: | $5,000,000 |
| Award Ceiling: | $2,500,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on 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. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | 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 Program are: (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. |
| Link to Additional Information: | Application Package and Instructions Download using CFDA Number ONLY. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Michael Freedberg
Office of Sustainable Housing and Communities Phone 202-402-3694 Email:michael.freedberg@hud.gov |
DISPLAYING: Synopsis 1
General Information
| Document Type: | Grants Notice |
| Funding Opportunity Number: | FR-5700-N-30 |
| Funding Opportunity Title: | Energy Innovation Fund PowerSaver Pilot 203(k) Program |
| Opportunity Category: | Discretionary |
| Opportunity Category Explanation: | – |
| Funding Instrument Type: | Grant |
| Category of Funding Activity: | Community Development Housing |
| Category Explanation: | – |
| Expected Number of Awards: | 4 |
| Assistance Listings: | [] |
| Cost Sharing or Matching Requirement: | No |
| Version: | Synopsis 1 |
| Posted Date: | Aug 13, 2013 |
| Last Updated Date: | – |
| Original Closing Date for Applications: | – |
| Current Closing Date for Applications: | Sep 12, 2013 |
| Archive Date: | Oct 12, 2013 |
| Estimated Total Program Funding: | $5,000,000 |
| Award Ceiling: | $2,500,000 |
| Award Floor: | $500,000 |
Eligibility
| Eligible Applicants: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on 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. |
Additional Information
| Agency Name: | Department of Housing and Urban Development |
| Description: | 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 Program are: (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. |
| Link to Additional Information: | Application Package and Instructions Download using CFDA Number ONLY. |
| Grantor Contact Information: | If you have difficulty accessing the full announcement electronically, please contact:
Michael Freedberg
Office of Sustainable Housing and Communities Phone 202-402-3694 Email:michael.freedberg@hud.gov |
Related Documents
Folder 239829 Full Announcement-1 -> fr5700n30_eif_powersaver_203(k)_nofa.pdf
Folder 239829 Full Announcement-1 -> 5415 general section 2010 6-4-2010 final.pdf
Packages
| Agency Contact Information: | Michael Freedberg Office of Sustainable Housing and Communities Phone 202-402-4366 Email: michael.freedberg@hud.gov |
| Who Can Apply: | Organization Applicants |
| Assistance Listing Number | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions |
|---|---|---|---|---|---|---|
| 14.319 | EIS-PS | PowerSaver | PKG00183230 | Aug 15, 2013 | Sep 12, 2013 | View |
Package 1
Mandatory forms
239829 SF424_2_1-2.1.pdf
239829 HUD_FaxTransmittal-1.1.pdf
Optional forms
239829 HUD_DisclosureUpdateReport-1.1.pdf
Share This Post, Choose Your Platform!
About the Author: osnqt
