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Residential Loan Fund Program


  • Residential Loan Fund Lenders who were also approved as Assisted Home Performance Program Lenders (Assisted Lenders) will continue to be eligible to issue loans through the Residential Loan Fund and qualify applicants for the Assisted Subsidy until December 31, 2014.

A Borrower's access to the Residential Loan Fund is contingent upon prior approval through the Home Performance with ENERGY STAR® Program.

The Residential Loan Fund currently offers Eligible Borrowers an Interest Rate Reduction of up to 4.0% or 400 basis points less than a Participating Lender's normal market interest rate on Loans up to $20,000, for a term of up to ten (10) years. Eligible Borrowers must use funds for the purchase and installation of qualified energy efficiency improvements. The Interest Rate Reduction may be capped by NYSERDA so the interest rate charged to the Borrower is not lower than 3.0%.

Assisted Home Performance Program Lenders

Contact information and the lending areas served by the Assisted Lenders may be found below.

Home HeadQuarters, Inc.

990 James Street, Suite 100 Syracuse, NY 13203
Contact: Kerry Quaglia
E-Mail: info@homehq.org
Phone: (315) 474-1939
Fax: (315) 474-0637
Lending Area includes: Broome, Cayuga, Cortland, Jefferson, Madison, Onondaga, Oswego, and St. Lawrence Counties

Ithaca Neighborhood Housing Services, Inc.

115 West Clinton Street Ithaca, NY 14850
Contact: Paul Mazzarella, Executive Director
E-Mail: info@ithacaNHS.org
Phone: (607) 277-4500
Fax: (607) 277-4536
Lending Area includes: The City of Ithaca and Tompkins County
Lending Restrictions: Owner Occupied

Neighborhood Housing Services of New York City Inc.

307 West 36th Street, 12th. Floor New York, NY 10018
Contact: Louis Kilkenny, Director of Lending and Program Services
E-Mail: louis_kilkenny@nhsnyc.org
Phone: (212) 519-2506
Fax: (212)727-8171
Lending Area includes: New York, Kings, Queens, Bronx, Richmond and Westchester Counties

Utica Neighborhood Housing Services, Inc.

1611 Genesee Street Utica, NY 13501
Contact: Wendy Clarke, Homeownership Coordinator
E-Mail: wclarke@unhs.org 
Phone: (315) 724-4197
Fax: (315) 724-1415
Lending Area includes: Herkimer, Madison and Oneida Counties
Lending Restrictions: Up to 120% HUD Median Income

The Residential Loan Fund Program is a component of New York Energy $martSM, a public benefit program designed to lower electricity costs by encouraging energy efficiency. One of the goals of the Residential Loan Fund is to demonstrate to financial institutions the economics of lending for energy efficiency and renewable energy projects.

Eligibility Requirements

Eligible Borrowers must be approved for financing through a Participating Residential Loan Fund Lender, and use the funds for the purchase and installation of certain eligible energy efficiency improvements to qualified Existing 1- to 4- Family Homes that are assessed the System Benefits Charge (SBC) by one of the following investor-owned gas or electric utilities:

  • Central Hudson Gas & Electric Corporation
  • Consolidated Edison Company of New York, Inc.
  • National Grid
  • New York State Electric & Gas Corporation
  • Orange and Rockland Utilities, Inc.
  • Rochester Gas and Electric Corporation.

Borrower Information

Lender Information

Residential Loan Fund Lenders who participate in NYSERDA's Financing for Assisted Home Performance with ENERGY STAR® may obtain detailed program information below:

Last Updated: 04/10/2014