General Information and Structure
Lender:
Connecticut Green Bank
Lending Type:
Green Bank
Jurisdiction:
CT
Connecticut Green Bank's Navigator Pre-Development Energy Loan is a simple, unsecured pre-development loan that funds customized analysis and design of energy improvements for multifamily properties using owner-selected and managed technical service providers. Program benefits: Supports well-designed energy projects that save on utility bills and enhance your building's attractiveness to tenants; Property owners select and manage their own service professional(s); Owners cover 25% of pre-development costs while Connecticut Green Bank loans 75% of costs.
Active or Closed Program?:
Active
Eligibility Criteria:
Multifamily properties (5+ units, income eligible and market rate). Private and non-profit owners, public housing authorities, senior/assisted living communities, condominium/co-op associations, etc.
Type of Financing:
Acquisition/Predevelopment
Type of Improvements Covered:
Energy benchmarking, opportunity assessments, audits; Green charrettes and physical needs assessments; Energy-related health and safety assessments; Design, engineering and bidding work; Costs to secure energy upgrade project financing; Other reasonable expenses needed to get your energy project designed and funded.
