First On-Bill Repayment Tool Pays for Energy Retrofits
January 5, 2015 | Grantee News | Housing
© iStock

Owners of low-income rental properties can now pay for energy retrofit projects out of the savings generated on a utility bill, helping nonprofit low-income rental properties improve their energy efficiency without going through costly refinancings. A nonprofit housing provider with 170 affordable rental homes in California is the first to begin using the repayment method. The California Housing Partnership, a MacArthur grantee, is now working with government officials and private financing sources to further develop the on-bill repayment tool so it can be made available more widely throughout the state. 

Stay Informed
Sign up for periodic news updates and event invitations.
Check out our social media content in one place, or connect with us on Twitter, Facebook, YouTube, and LinkedIn.