Multifamily Pre-Development Loan & Permanent Financing Together

The Community Preservation Corporation (CPC) and the Connecticut Green Bank are now working together to offer you a simple way to improve the energy efficiency, cost savings, comfort, safety and attractiveness of your multifamily property. This joint effort combines a Navigator Pre-Development Energy Loan with a HUD 223(f) loan or a Freddie Mac Small Business Loan (SBL) offering.

The unsecured Navigator loan funds customized analysis and design of energy improvements for multifamily properties using owner-selected and managed technical service providers.

Eligible Costs include:

  • Energy benchmarking, opportunity assessments, audits
  • Assessments of energy-related health and safety issues
  • Design, engineering and bidding of work
  • Costs to secure project financing for energy upgrades
  • Green charrettes and green physical needs assessments
  • Other reasonable energy-related expenses needed to design and fund your project
Read more about how a Navigator Loan with HUD/FHA or Freddie Mac financing works.

Ask your mortgage officer how we can help tailor a lending solution to fit your needs, and find out if we can underwrite to savings for sustainability improvements.

For more information about CPC, please contact Michael Staton or Timothy Deegan.

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