%0 Generic
%K Energy Markets and Policy Department
%K Energy Analysis and Environmental Impacts Division
%A Mark Zimring
%A Ian M Hoffman
%A Merrian C Fuller
%A Merrian Borgeson
%B Clean Energy Program Policy Brief
%C Berkeley
%D 2010
%I LBNL
%P 6
%T HUD PowerSaver Pilot Loan Program
%2 LBNL-4555E
%8 12/2010
%X <p>The U.S. Department of Housing and Urban Development (HUD) recently announced the creation of a pilot loan program for home energy improvements. The PowerSaver loan program is a new, energy-focused variant of the Title I Property Improvement Loan Insurance Program (Title I Program) and is planned for introduction in early 2011. The PowerSaver pilot will provide lender insurance for secured and unsecured loans up to $25,000 to single family homeowners. These loans will specifically target residential energy efficiency and renewable energy improvements. HUD estimates the two-year pilot will fund approximately 24,000 loans worth up to $300 million; the program is not capped. The Federal Housing Administration (FHA), HUD‟s mortgage insurance unit, will provide up to $25 million in grants as incentives to participating lenders. FHA is seeking lenders in communities with existing programs for promoting residential energy upgrades.</p>