Last DSIRE Review: 01/18/2013
Program Overview:
| State: |
Connecticut |
| Incentive Type: |
State Loan Program |
| Eligible Efficiency Technologies: |
Water Heaters, Chillers , Furnaces , Boilers, Heat pumps, Central Air conditioners, Programmable Thermostats, Caulking/Weather-stripping, Duct/Air sealing, Building Insulation, Windows, Siding, Roofs, Wood Stoves |
| Eligible Renewable/Other Technologies: |
Passive Solar Space Heat, Solar Water Heat, Solar Space Heat, Photovoltaics, Wind, Biomass, Geothermal Heat Pumps |
| Applicable Sectors: |
Residential, Multi-Family Residential |
| Amount: | Single family homes (1-4 family units): $400-$25,000
Multi-family homes (5 or more units): $2,000-$60,000 |
| Maximum Incentive: | Single family homes (1-4 family units): $25,000
Multi-family (5 or more units): $60,000 |
| Terms: | 0%, 1%, 3% or 6% depending on income, family size, location
Repayment term up to 10 years (subject to change) |
| Funding Source: | Connecticut Department of Economic and Community Development (DECD) |
| Web Site: |
http://www.chif.org/page/energy-conservation-loan-program
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Authority 1:
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C.G.S. 16a-40b
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Summary:
Energy Conservation Loans for single families are available through the Connecticut Housing Investment Fund, Inc. (CHIF) to owners of one- to four-family homes who meet established income limits for family size and location. Interest rates vary in accordance with the borrower's family size and income, and the loan may be repaid over 10 years. Single-family homes can receive a 0% interest rate if the family has below a 50% Median Income, or if the loan is for a furnace/boilers that is ENERGY STAR rated or has more than an 84% efficiency rating.
Loans for large residential properties are available through the Multi-Family Energy Conservation Loan Program. The terms of this loan are similar to loans for single-family dwellings, with a higher principal available on the loan.
Applications for these programs are available from the program web site above. In addition to the application, the borrower must submit copies of the past two years' federal tax returns (with schedules) and a copy of a monthly mortgage statement or coupon (or a release of mortgage or deed).
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Contact:
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Lisa Ruggeri
Connecticut Housing Investment Fund
121 Tremont Street
Hartford, CT 06105
Phone: (860) 233-5165 Ext.2019
Fax: (860) 920-2038
E-Mail: lisa@chif.org
Web Site: http://www.chif.org
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Ernesto Guardardo
Connecticut Housing Investment Fund
121 Tremont Street
Hartford, CT 06105
Phone: (860) 233-5165 Ext.2023
Fax: (860) 233-2930
E-Mail: Ernesto@chif.org
Web Site: http://www.chif.org
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