Finance up to 30% Grant - loans on Heat Pump Water Heater, Heat Pumps, Ducted (central air, HVAC), Heat Pumps, Ductless (mini-split), Insulation and Ductwork, Smart Thermostat Projects
Requirements
Incentives for Rental Properties Serving Income-Qualified Tenants 30% of the total project costs will be covered by a grant that doesn't need to be repaid.
The remaining 70% of the project costs will be covered by a 0% interest, 7-year loan, which doesn't require a credit check.
The total household income for all tenants in a unit must not exceed 80% of the Area Median Income (see table below).Property should have electric heat as the main heating source. The TPU account must be in the tenant's name.