Energy Innovation Fund PowerSaver Pilot 203(k) Program
The summary for the Energy Innovation Fund PowerSaver Pilot 203(k) Program grant is detailed below.
This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants.
Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact.
If any section is incomplete, please visit the website for the Department of Housing and Urban Development, which is the U.S. government agency offering this grant.
Energy Innovation Fund PowerSaver Pilot 203(k) Program: 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.
| Federal Grant Title: | Energy Innovation Fund PowerSaver Pilot 203(k) Program |
| Federal Agency Name: | Department of Housing and Urban Development (HUD) |
| Grant Categories: | Community Development Housing |
| Type of Opportunity: | Discretionary |
| Funding Opportunity Number: | FR-5700-N-30 |
| Type of Funding: | Grant |
| CFDA Numbers: | 14.319 |
| CFDA Descriptions: | Information not provided |
| Current Application Deadline: | September 12th, 2013 |
| Original Application Deadline: | September 12th, 2013 |
| Posted Date: | August 13th, 2013 |
| Creation Date: | August 13th, 2013 |
| Archive Date: | October 12th, 2013 |
| Total Program Funding: | $5,000,000 |
| Maximum Federal Grant Award: | $2,500,000 |
| Minimum Federal Grant Award: | $500,000 |
| Expected Number of Awards: | 4 |
| Cost Sharing or Matching: | No |
| Last Updated: | August 13th, 2013 |
- Applicants Eligible for this Grant
- 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.
- Link to Full Grant Announcement
- Application Package and Instructions Download using CFDA Number ONLY.
- Grant Announcement Contact
- Michael Freedberg
Office of Sustainable Housing and Communities
Phone 202-402-4366
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