GoGreen Affordable Multifamily Energy Financing
Contact Information
If you have any questions about the California Hub for Energy Efficiency Financing pilot programs, please contact cheef@treasurer.ca.gov or (916) 651-8157.
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Overview
CAEATFA's GoGreen Affordable Multifamily Energy Financing program (GoGreen Multifamily) is designed to leverage and complement existing efforts to finance affordable multifamily energy efficiency retrofits and to encourage growth in private-market energy efficiency lending.
GoGreen Multifamily targets affordable multifamily properties where at least 50% of the units are restricted to households of low to moderate income (80-120% Area Median Income) and features a credit enhancement to help financing entities mitigate risk. Products supported include loans, leases, equipment financing agreements, service agreements and savings-based payment agreements. The GoGreen Multifamily financing options chart lists up-to-date offerings from participating finance companies.
Status
GoGreen Multifamily is open for property owners to finance energy efficiency upgrades and for additional finance companies to enroll in the program.
- Click here to access the program application
Regulations
The regulations for the GoGreen Affordable Multifamily Energy Financing program received approval from the Office of Administrative Law and became effective on June 17, 2020. This formalized the program rules initially authorized under emergency regulations (which can be implemented in a shorter time period) and completed the regular rulemaking process.
Additional information on the program can be found at GoGreenFinancing.com/multifamily.