FHA AND FANNIE MAE ANNOUNCE GREEN REFINANCE PLUS TO PAY FOR ENERGY-EFFICIENT UPGRADES IN AFFORDABLE APARTMENT BUILDINGS
Energy Improvement Finance Program for Older Affordable Housing Developments
WASHINGTON – U.S. Housing and Urban Development Secretary Shaun Donovan announced Green Refinance Plus, a program between HUD’s Federal Housing Administration (FHA) and Fannie Mae to allow owners of existing affordable rental housing properties to refinance into new mortgages that include funding for energy- and water-saving upgrades, along with other needed property renovations.
More on Green Refinance Plus for Energy Efficiency Upgrades on Apartments
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HUD SELECTS LENDERS TO PARTICIPATE IN NEW PILOT PROGRAM TO HELP HOMEOWNERS PAY FOR ENERGY IMPROVEMENTS TO THEIR HOMES
FHA PowerSaver Program to offer low-cost financing to credit-worthy borrowers
WASHINGTON – Eighteen national, regional and local lenders will participate in a new two-year pilot program that will offer qualified borrowers living in certain parts of the country low-cost loans to make energy-saving improvements to their homes. Backed by the Federal Housing Administration (FHA), these new PowerSaver loans will offer homeowners up to $25,000 to make energy-efficient improvements of their choice, including the installation of insulation, duct sealing, replacement doors and windows, HVAC systems, water heaters, solar panels, and geothermal systems.
Filed under Energy Efficiency, HUD, Loans & Grants, Rehabilitating Homes by
The best global solutions for building liveable and inclusive cities
Washington DC – April 12, 2011) Three winners emerged today from the global collaborative competition: Sustainable Urban Housing: Collaborating for Liveable and Inclusive Cities competition, hosted by Ashoka’s Changemakers, with support from the Rockefeller Foundation. The competition identifies innovative solutions for providing sustainable, energy efficient housing in a way that unleashes economic opportunities for the urban poor, and builds smarter, cleaner cities around the world.
Filed under Affordable Housing, Affordable Housing News, Energy Efficiency, Healthy Homes, homeownership, HUD, Loans & Grants by
