Location
Burlington
, VT
Project Overview
Lender:
National Housing Trust Community Development Fund
Lender Type:
CDFI
Property Ownership:
Mixed non- and for-profit
Deal Overview:
Installation of occupancy sensors and controls to retrofit the common area lighting, LED lighting replacement
Improvements Covered:
Energy efficiency
Type of Project:
Retrofit/Renovation
Buildings:
1
Total Units:
82
Financing Details
Financing Type:
Mini-Permanent/Permanent
Total Delivery Cost:
$225,000
Loan 1 Amount:
$9,000
Loan 1 Term:
10
Loan 1 Repayment Source:
Utility savings
Grants:
$216,000
Completion Status:
Completed
Underwriting Considerations
Expected Annual Income:
$154,189
Debt Service Coverage Ratio:
1.15
Percentage Projected Energy Savings Discounted for Use in Underwriting :
30%
