California Launches Financing Program for Energy Efficiency on Affordable Multifamily Properties

Last month, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) approved a financing program for energy efficiency retrofits on affordable multifamily properties. The program provides qualifying lenders and finance companies with loss reserve contributions of up to 15% of $1 million for the financing of such retrofits on properties with at least 50 percent of the units restricted to income eligible households. Read here for further details.