California Alternative Energy and Advanced Transportation Financing Authority

Affordable Multifamily Financing Program

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Overview

CAEATFA is launching the Affordable Multifamily Energy Efficiency Financing Program (Program), designed to leverage and complement existing efforts to finance affordable multifamily energy efficiency retrofits and to encourage growth in private-market energy efficiency lending.

The Program targets affordable multifamily properties where at least 50% of the units are restricted to income-eligible households 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.

An on-bill repayment option is scheduled to be added to the program in 2020.

Status

The Affordable Multifamily Energy Efficiency Financing program is open for enrollment to finance companies.

  • Click here to access the Program Application

Regulations

Regulations for the Affordable Multifamily Financing program took effect on May 9, 2019. View the AMF regulations webpage for more information regarding the rulemaking process and to view the current regulations.

Additional information on the Affordable Multifamily Program can be found at GoGreenFinancing.com/multifamily.