By: greenbank On: January 01, 2018 In: Comments: 0

Through a partnership with Capital for Change (C4C), a local Community Development Financial Institution, the LIME loan provides for up to 20 year terms for an unsecured low interest loan product geared towards mid-stream energy improvements and serving properties where at least 60% of units serve renters at 80% or lower of Area Median Income. Projected energy savings are used to cover the debt service of the loan. Up to 25% of the proceeds of each loan can be used for non-energy health and safety upgrades. CT Green Bank supports LIME with a US$625,000 loan loss reserve and has committed to lend US$3.5 million to capitalize the loan fund. This program is supported by a $5 million investment from the MacArthur Foundation to the Housing Development Fund and CT Green Bank.

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