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Last Updated September 1, 2017

Program Overview

Category:

Financial Incentive

State:

Connecticut

Incentive Type:

Loan Program

Administrator:

CT Green Bank

Start Date:

N/A

Expiration Date:

N/A

Web Site:

http://ctgreenbank.com/programs/multifamily/navigator/

Applicable Sectors:

N/A

Eligible Renewable/Other Technologies:

N/A

Summary

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.

Eligibility

The program is open to multifamily housing properties with 5 units or more. Income eligible and market rate properties can participate (Private and non-profit owners, public housing authorities, senior/assisted living communities, condominium/co-op associations, etc.)

Program Description

The Navigator loan program allows property owners to select and manage their own service professionals. Owners cover 25% of pre-development costs; Connecticut Green Bank loans 75% of costs. Eligible costs include:

  • 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