Low-Income Loan Program for Energy Conservation Improvements

September 24, 2003


This home improvement loan program, which was created under HUD Title 1 in 1978, is administered by the Virginia Housing Development Authority (VHDA). The program exists to reduce energy consumption or reduce dependence on conventional energy sources by offering low-interest loans to low- and moderate-income homeowners for repairs to existing homes. All renewable energy technologies are eligible. The interest rate is 6.75%, and there is an additional annual Federal Housing Authority (FHA) insurance charge of 1% of the loan amount. Loan amounts range from $1,000 to $25,000 for terms of 5, 10, 15 or 20 years. (A lien on the property is required for all loan amounts.) Homeowners can borrow up to 100% of their homes' equity. The VHDA issues approximately 100 loans per year.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Virginia
Incentive Type: Loan Program
Web Site: http://www.vhda.com
Administrator: Virginia Housing Development Authority
Start Date:
Eligible Renewable/Other Technologies:
  • Solar - Passive
  • Solar Water Heat
  • Solar Space Heat
  • Geothermal Electric
  • Solar Thermal Electric
  • Solar Photovoltaics
  • Wind (All)
  • Biomass
  • Hydroelectric
  • Municipal Solid Waste
  • Wind (Small)
Maximum Loan: $25,000
Loan Term: Maximum term of 20 years


Name: Va. Code § 36-55.31:1


Name: Julia Perkinson
Organization: Virginia Housing Development Authority
Address: 601 S. Belvidere Street
Richmond VA 23220-6500
Phone: (804) 782-1986
Email: julia.perkinson@vhda.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.