Multifamily GREEN Loan Program

Benefits
The Multifamily GREEN Loan Program provides low-cost financing to affordable housing developers and management companies for energy efficiency upgrade costs. The program may assist with eligible costs identified through the Iowa Multifamily GREEN initiative.

Eligibility
Affordable housing developers, partnerships and investors may be eligible for the assistance.

Eligible Costs:
The loans may be used for improvements such as:

• Automated energy management systems
• Furnaces 
• Heating and air conditioning
• Insulation
• Lighting systems 
• Other approved energy efficiency enhancements

Program Details

• Rate: 3-5%
• Loan Size: $5,000-$50,000
• Loan Term: three to seven years
• Commitment fee: 0.5%

Contact Us
Tim Morlan
800.432.7230