Department of Energy Energy Innovation Fund PowerSaver Pilot 203(k) Program

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The Department of Energy is offering the Energy Innovation Fund PowerSaver Pilot 203(k) Program to expand the current 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 to test and scale a mainstream mortgage product for home energy retrofit loans. The goal is to make home energy retrofits more affordable and widely available, while establishing data on the impact of energy efficiency improvements. The ultimate aim is to drive the development and expansion of mainstream mortgage products to support home energy efficiency retrofits. Closing date for applications is Sep 12, 2013.

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Opportunity ID: 239829

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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::
Category of Funding Activity:: Community Development
Category Explanation::
Expected Number of Awards:: 4
Assistance Listings Number(s):: 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 FHA’s 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::
Grantor Contact Information:: If you have difficulty accessing the full announcement electronically, please contact:

Version History

Version Modification Description Updated Date
Synopsis 3 Corrects phone number. Aug 13, 2013
Synopsis 2 Modification adds CFDA number.
Synopsis 1

Package Status

Below are CLOSED Opportunity Package(s) no longer available for this Funding Opportunity:

Package No: 1

Assistance Listings: 14.319
Competition ID: EIS-PS
Competition Title: PowerSaver
Opportunity Package ID: PKG00183230
Opening Date: Aug 15, 2013
Closing Date: Sep 12, 2013
Agency Contact Information:: Michael Freedberg
Who Can Apply:: Organization Applicants
mendatory_forms Application for Federal Assistance (SF-424) [V2.1]
HUD Facsimile Transmittal [V1.1]
optional_forms HUD Applicant-Recipient Disclosure Report [V1.1]
Disclosure of Lobbying Activities (SF-LLL) [V1.1]
Attachments [V1.1]

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Packages

Assistance Listings Competition ID Competition Title Opportunity Package ID Opening Date Closing Date Actions Who Can Apply:
14.319 EIS-PS PowerSaver PKG00183230 Aug 15, 2013 Sep 12, 2013 View Michael Freedberg Organization Applicants

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