Multifamily Navigator Pre-Development Energy Loan Program

September 01, 2017

Summary

Connecticut Green Bank’s Navigator Pre-Development Energy Loan is a simple, unsecured pre-development loan that funds customized analysis and design of energy improvements for multifamily properties using owner-selected and managed technical service providers.

Eligibility

The program is open to multifamily housing properties with 5 units or more. Income eligible and market rate properties can participate (Private and non-profit owners, public housing authorities, senior/assisted living communities, condominium/co-op associations, etc.)

Program Description

The Navigator loan program allows property owners to select and manage their own service professionals. Owners cover 25% of pre-development costs; Connecticut Green Bank loans 75% of costs. Eligible costs include:

• Energy benchmarking, opportunity assessments, audits
• Green charrettes and physical needs assessments
• Energy-related health and safety assessments
• Design, engineering and bidding work
• Costs to secure energy upgrade project financing
• Other reasonable expenses needed to get your energy project designed and funded