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Multifamily Energy Financing

Save money on operating costs, reduce energy costs, and improve the living environment for your tenants.

Save money on operating costs, reduce energy costs, and improve the living environment for your tenants with support from HDF in partnership with the Connecticut Green Bank.

Through our energy efficiency lending programs supported by the MacArthur Foundation, you can get the technical assistance you need to make smart energy upgrades, secure financing, rebates, and incentives and track performance and savings.

To learn more about this opportunity, and our other programs for multifamily developers, please call Director of Multifamily Lending Elissa Bard at 203.969.1830 x 2010 or email us today!

Products Available

The Navigator Pre-Development Energy Loan is a simple, unsecured pre-development loan that funds analysis and design of energy improvements for multifamily properties using owner-selected and managed professional service providers.

The Sherpa Pre-development Energy Loan  offers multifamily building owners an affordable, low-risk, one-stop solution to analyze, design and acquire financing for green energy upgrades. Connecticut Green Bank has partnered with New Ecology Inc., an expert multifamily technical services provider and nationally recognized non-profit,
to help scope, design and arrange financing for projects.

Benchmark CT is a performance assessment resource that provides one year ,of free energy benchmarking to measure the performance of your property or portfolio of properties against comparable buildings.

Program Eligibility

The Multifamily Energy Financing program is available for multifamily properties with more than 5 affordable housing units. Eligible borrowers include private and non-profit owners, public housing authorities, assisted living communities, and condominium/co-op associations.

Eligible Upgrades

Eligible upgrades include: conversion from oil or electric to gas; lighting and appliances; hot water systems and efficiency; renewable energy systems (solar PV, solar thermal, etc.); building envelope; and qualified health and safety measures