Energy Innovation Fund PowerSaver Pilot 203(k) Program

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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.

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