FHA Power Saver Home Energy Improvement Pilot Program

 

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

Deleted 04/02/2020 (Archived.) 14.324 Agency: Department of Housing and Urban Development
Office: Office of Housing-Federal Housing Commissioner Guaranteed/Insured Loans Not Applicable. The Consolidated Appropriations Act 2010. Authorization expired 5/4/2015. Lenders must be FHA Title I approved and describe sufficient capabilities to participate and carry out program goals to be selected as a grantee. No additional grantee can join the pilot program at this time. none. No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles. Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards 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. A panel reviewed and evaluated applicants based on information supplied in their Expression of Interest. Award amounts were weighed on their forecasted program volume. Jan 31, 2011 As provided in the Federal Register Notice, the deadline for lenders to submit an Expression of Interest was January 31, 2011. Not Applicable. Not Applicable. Not Applicable. Not Applicable. Lenders may use grant funds to support costs associated with creating or enhancing staffing to deliver or report on Power Saver-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. Not Applicable. Not Applicable. No Data Available. Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
MOE requirements are not applicable to this program. Program has been extended to May 4, 2015. Method of awarding/releasing assistance: lump sum. None. Patricia A. McBarron 451 7th Street, SW
, washington, District of Columbia 20410 Email: patricia.a.mcbarron@hud.gov Phone: 202-402-5389 http://www.hud.gov 86-4077-0-3-371. (Direct Loans) FY 14 Not Separately Identifiable(Exp: Reported under 14.142); FY 15 est $0; and FY 16 est $0 - Reported under 14.142 - HUD obligated $19,235,000 to participating grantees and $1,650,000 to the Department of Energy through an IAA for marketing assistance. No Data Available. Not Applicable. Not Applicable.