Multifamily Housing Old

Multifamily Energy Financing

Save money on operating costs, reduce energy costs, and improve the living environment for your tenants with support from the Connecticut Green Bank. Through our programs you can get the technical assistance you need to make smart energy upgrades, secure financing, rebates, and incentives and track performance and savings.

Who is eligible?

  • Multifamily properties (5+ units, market rate and affordable)
  • Private and non-profit owners, public housing authorities, assisted living communities, and condominium/co-op associations

Eligible Upgrades

  • HVAC and gas conversion
  • Hot water and efficiency
  • Renewable energy generation (solar PV, solar thermal, etc.)
  • Building envelope
  • Qualified health and safety measures

BenchmarkCT

Buildings participating in Benchmark CT receive a free year of benchmarking software designed and operated by WegoWise, a company that offers on-demand access to energy and water usage data so customers can make smart decisions and save money on utility bills. Through benchmarking, owners can:

  • Determine if a building is inefficient with lots of savings opportunities, or already high-performing
  • Identify the buildings within a portfolio that present the best opportunity to invest capital improvement dollars effectively
  • Quickly make informed operations and management decisions regarding efficiency measures
  • Measure the performance of energy projects

Property owners interested in learning more about Benchmark CT can contact Catherine Zelenkofske, Programs Director at WegoWise, at 617-367-9346 ext. 206, or via email at czelenkofske@wegowise.com.

Financing Options

Sherpa Pre-Development Loan

Navigator Pre-Development Loan

LIME Loan

  • This is a Low Income Multifamily Energy Loan provided by Capital for Change (C4C), unsecured, up to 20 years.
  • To qualify, 60% of property units must be up to 80% of area median income (AMI).
  • Learn more or email brian.sullivan@capitalforchange.org to apply.

C-PACE

Solar-only

Gap Financing

  • Funds energy upgrades and remediation of eligible health and safety issues in multifamily housing serving low income residents.
  • For more information contact john.dagostino@ctgreenbank.com

Credit Enhancement Fund

  • This fund is for projects that do not qualify for C-PACE or LIME financing.
  • For more information on this program, contact John D’Agostino at john.dagostino@ctgreenbank.com

Rockport Mortgage HUD/FHA Financing for “Green Certified” Properties

Click here to download a summary of Green Bank Multifamily Financing Programs.

Learn More

Questions?

Contact John D’Agostino, Senior Manager of Multifamily Programs, with questions at john.dagostino@ctgreenbank.com