| Implementing Sector | State |
|---|---|
| Category | Financial Incentive |
| State | Connecticut |
| Incentive Type | Loan Program |
| Web Site | http://ctgreenbank.com/programs/multifamily/navigator/ |
| 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 | Loan must be repaid 24 months from closing or upon financing and installation of the energy improvements, whichever is sooner. |
| Interest Rate | 0% for qualified affordable properties (60% or more of the housing units serve residents with income up to 80% of Area Median Income); 2.99% for market-rate properties |
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:
