FHA Power Saver Home Energy Improvement Pilot Program
To conduct an Energy Efficient Mortgage Innovation pilot program targeted to the single family housing market.
General information about this opportunity
Last Known Status
Agency: Department of Housing and Urban Development
Office: Office of Housing-Federal Housing Commissioner
Type(s) of Assistance Offered
The Consolidated Appropriations Act 2010. Authorization expired 5/4/2015.
Who is eligible to apply/benefit from this assistance?
Lenders must be FHA Title I approved and describe sufficient capabilities to participate and carry out program goals to be selected as a grantee. No additional grantee can join the pilot program at this time.
No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Lenders were required to submit a non-binding Expression of Interest and provide information as directed in Federal Register Notice published November 10, 2010.
A panel reviewed and evaluated applicants based on information supplied in their Expression of Interest. Award amounts were weighed on their forecasted program volume.
Jan 31, 2011 As provided in the Federal Register Notice, the deadline for lenders to submit an Expression of Interest was January 31, 2011.
Approval/Disapproval Decision Time
How are proposals selected?
How may assistance be used?
Lenders may use grant funds to support costs associated with creating or enhancing staffing to deliver or report on Power Saver-insured loans; Fund the costs of loan marketing, originating, and/or underwriting; offset costs associated with appraisals and for those lenders that service their own loans, reduce servicing costs.
What are the requirements after being awarded this opportunity?
No Data Available.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Program has been extended to May 4, 2015. Method of awarding/releasing assistance: lump sum.
Who do I contact about this opportunity?
Regional or Local Office
Patricia A. McBarron 451 7th Street, SW
, washington, District of Columbia 20410 Email: firstname.lastname@example.org
(Direct Loans) FY 14 Not Separately Identifiable(Exp: Reported under 14.142); FY 15 est $0; and FY 16 est $0 - Reported under 14.142 - HUD obligated $19,235,000 to participating grantees and $1,650,000 to the Department of Energy through an IAA for marketing assistance.
Range and Average of Financial Assistance
No Data Available.
Regulations, Guidelines and Literature
Examples of Funded Projects