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DOE OSTI · 1016371

HUD PowerSaver Pilot Loan Program

Zimring, Mark·Hoffman, Ian
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Abstract

The U.S. Department of Housing and Urban Development (HUD) recently announced the creation of a pilot loan program for home energy improvements. The PowerSaver loan program is a new, energy-focused variant of the Title I Property Improvement Loan Insurance Program (Title I Program) and is planned for introduction in early 2011. The PowerSaver pilot will provide lender insurance for secured and unsecured loans up to $25,000 to single family homeowners. These loans will specifically target residential energy efficiency and renewable energy improvements. HUD estimates the two-year pilot will fund approximately 24,000 loans worth up to $300 million; the program is not capped. The Federal Housing Administration (FHA), HUD's mortgage insurance unit, will provide up to $25 million in grants as incentives to participating lenders. FHA is seeking lenders in communities with existing programs for promoting residential energy upgrades.

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29 ENERGY PLANNING, POLICY, AND ECONOMYCOMMUNITIESENERGY EFFICIENCYINSURANCETARGETS

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Zimring, Mark, Hoffman, Ian. 2010-12-10. HUD PowerSaver Pilot Loan Program. https://doi.org/10.2172/1016371

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