| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | Connecticut |
| Incentive Type | Loan Program |
| Web Site | http://ctgreenbank.com/programs/multifamily/lime/ |
| Administrator | CT Green Bank |
| Eligible Renewable/Other Technologies | Solar Photovoltaics, Geothermal Heat Pumps |
| Eligible Efficiency Technologies | Water Heaters, Furnaces, Boilers, Heat pumps, Air conditioners, Windows |
| Applicable Sectors | Multifamily Residential |
| Loan Term | 10-20 year terms |
| Interest Rate | 5% - 6% |
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:
