FHA PowerSaver Home Energy Improvement Pilot Program

To conduct an Energy Efficient Mortgage Innovation pilot program targeted to the single family housing market.


Agency - Department of Housing and Urban Development

The Department of Housing and Urban Development's mission is to increase homeownership, support community development and increase access to affordable housing free from discrimination. HUD fulfills this mission through high ethical standards, management and accountability, and by forming partnerships with community organizations.

Website Address

http://www.hud.gov



Program Accomplishments

Not Applicable.

Uses and Use Restrictions

Lenders may use grant funds to support costs associated with creating or enhancing staffing to deliver or report on PowerSaver-insured loans; Fund the costs of loan marketing, originating, and/or underwriting; offset costs associated with appraisals and for those lenders that service their own loans, reduce servicing costs.



Eligibility Requirements

Applicant Eligibility

Lenders applying for grant must be an FHA Title I approved lender and describe sufficient capabilities to participate and carry out the program goals.

Beneficiary Eligibility

none.

Credentials/Documentation

No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

OMB Circular No. A-102 applies to this program. OMB Circular No. A-110 applies to this program. Lenders were required to submit a non-binding Expression of Interest and provide information as directed in Federal Register Notice published November 10, 2010. OMB Circulars 102 and 110 are applicable.

Award Procedures

A panel of reviewed, evaluated applicants based on information supplied in their Expression of Interest. Award amounts were weighed on their forecasted program volume.

Deadlines

Jan 31, 2011 As provided in Federal Register Notice, the deadline for lenders to submit an Expression of Interest was January 31, 2011.

Authorization

The Consolidated Appropriations Act 2010.

Range of Approval/Disapproval Time

Not Applicable.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Program has been extended to May 4, 2015. Method of awarding/releasing assistance: lump sum.

Post Assistance Requirements

Reports

Not Applicable.

Audits

Not Applicable.

Records

No Data Available.

Financial Information

Account Identification

86-4077-0-3-371.

Obigations

(Direct Loans) FY 12 Not Seperately Identifiable(Exp: Reported under 14.142); FY 13 Not Seperately Identifiable(Exp: Reported under 14.142); and FY 14 Not Seperately Identifiable(Exp: Reported under 14.142) - Reported under 14.142 - HUD obligated $24,750,000 to participating grantees.

Range and Average of Financial Assistance

No Data Available.

Regulations, Guidelines, and Literature

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Patricia A. McBarron 451 7th Street, SW
, washington, District of Columbia 20410 Email: patricia.a.mcbarron@hud.gov Phone: 202-402-5389

Criteria for Selecting Proposals

Not Applicable.



Social Entrepreneurship
Spotlight



New Study Finds Social Enterprises Help Support 2.5M Poor Filipinos

New Study Finds Social Enterprises Help Support 2.5M Poor Filipinos
A latest study, called “Poverty Reduction and Women Economic Leadership:



Social Services Jobs in California

  Social Services Jobs
  Executive Director Jobs
  Education Jobs
  Executive Director Jobs
  Fundraising & Development Jobs





More Federal Domestic Assistance Programs


Operation AmeriCorps | Entrepreneurial Training and Technical Assistance Women and Girls Program | Native American Veteran Direct Loan Program | Supplementary Training | Expand and Extend Clean Coal Power Initiative |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2016 Copyright Information Organizers, LLC