The Low-Income Multifamily Energy (LIME) Loan supports energy improvement projects for low- and moderate-income properties. Connecticut Green Bank has partnered with Capital for Change (C4C) to provide unsecured multifamily energy financing for owners seeking to improve the energy performance, economics, and health and safety of their properties. Loans are repaid from energy cost savings for terms up to 20 years.
Eligibility
The program is open to multifamily properties that are partnerships, trusts, LLCs, sole proprietors, public housing authorities, non-profits, condo/co-op associations, etc. Must be 5 units or more, and at least 60% of units must be designated affordable to households at no greater than 80% of Area Median Income (AMI)
Preferred consideration is given to “high impact” properties such as:
Program Description
The LIME loan can be used for:
Implementing Sector: | State |
Category: | Financial Incentive |
State: | Connecticut |
Incentive Type: | Loan Program |
Web Site: | http://ctgreenbank.com/programs/multifamily/lime/ |
Administrator: | CT Green Bank |
Start Date: | |
Eligible Renewable/Other Technologies: | Solar Photovoltaics,Geothermal Heat Pumps,Water Heaters,Furnaces,Boilers,Heat pumps,Air conditioners,Windows |
Loan Term: | 10-20 year terms |
Interest Rate: | 5% -6% |
Name: | Connecticut Green Bank |
Address: |
845 Brook Street Rocky Hill CT 06067 |
Phone: | (860) 257-2333 |
Email: | multifamily@ctgreenbank.com |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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