kentucky home performance & s.o.a.r. shaping our appalachian region presented by: brenda walker
TRANSCRIPT
www.KYHomePerformance.org
• Saving Energy and Improving Comfort through energy-efficient home improvements
• Partnership with Department for Energy Development and Independence (DEDI)
• Phase I– ARRA Funds that were primarily grants and rebates
• Phase II – Grant from TVA Mitigation Settlement Funds– Focus on making loans, not grants
www.KYHomePerformance.org
• Provides low-cost, fixed rate financing– Affordability is key
• Average energy efficiency per unit was 26%– Supports sustainability for homeowners
• Over 140 specially trained contractors/firms – Recruit, train, and manage these relationships
• 25 utility partners participate with KHP– Leverage rebates and co-marketing opportunities
• Work completed in over 70 of 120 Kentucky counties
www.KYHomePerformance.org
• Overall Value to KHC– Helps extend other limited resources– Helps maintain an older existing housing stock– Helps maintain lower utility costs in a state where
utilities are expected to double– Helps expand into other areas, such as preservation
of multi-family properties– Helps us meet our overall mission of “providing
affordable housing solutions”
www.KYHomePerformance.org
• Have the right partners– AFC First and Renew Financial
• Outsourcing
– DEDI• Telling the energy story
– WHEEL • Secondary market for energy-efficient loans
– MACED• On bill financing pilot
– Next Step US• SmartMH KY Alliance pilots to reduce the cost of ENERGY STAR manufactured
homes
S.O.A.R.Shaping Our Appalachian Region
Mission is to expand job creation, enhance regional opportunity, innovation and identity, improve the quality of
life, and support all those working to achieve these goals in Appalachian Kentucky.
1% MRB Program
• KHC allocated $6 million in 1 percent special financing to provide housing for low- to moderate-income home buyers in the SOAR region. The money was provided by excess spread from tax-exempt bond financing
• 180 day lock-in period with no additional fees.
1% MRB ProgramProperty Types
• New Construction– Stick-Built homes that have, at a minimum,
ENERGY STAR kitchen appliances.• New Manufactured Homes
– Must be ENERGY STAR Certified units
1% MRB ProgramIncome Limits
Household Income Limits for the following counties: 1-2 Persons: $66,960 3 or More Persons: $78,120
Adair, Bath, Bell, Breathitt, Carter, Casey, Clay, Clinton, Cumberland, Elliott, Estill, Fleming, Floyd, Garrard, Green, Harlan, Hart, Jackson, Johnson, Knott, Knox, Lawrence, Lee, Leslie,
Letcher, Lewis, Lincoln, McCreary, Magoffin, Martin, Menifee, Metcalfe, Monroe, Montgomery, Morgan, Nicholas, Owsley, Perry, Pike, Powell, Pulaski, Robertson, Rockcastle,
Rowan, Russell, Wayne, Whitley, and Wolfe
County 1-2 Persons 3 or More Persons
Boyd $63,282 $72,774
Clark $81,840 $95,480
Edmonson $72,720 $84,840
Greenup $63,282 $72,774
Laurel $55,800 $64,680
Madison $68,520 $79,940
Purchase Price Limit for all counties: $258,690