SELF and Inclusive Prosperity Capital (IPC) are partnering to bring low-cost financing options to Florida for low- and moderate-income multifamily properties, apartment buildings and community based non-profit organizations.
Catalyst Term Loan
* A 3.00% upfront origination fee may be rolled into the loan.
Eligibility
- Income eligible for-profit and non-profit multifamily properties (5 or more residential units) and non-profit organizations
- Properties must serve low-to-moderate income (LMI) residents (defined as 60% of households having in comes no higher than 80% of area median income (AMI)
- Non-profit entities with proof of tax-exempt status
- Project sponsors who would, in turn, make a loan to an LLC or partnership
- Property must be located in the state of Florida.
Get unsecured financing for energy improvements for new construction or renovation of multifamily properties.
Supporting Energy Improvement Projects for Multifamily Properties and Community Based Non-Profits
The Catalyst Term Loan supports energy improvement projects for low- and moderate-income multifamily properties and community based non-profit organizations.
This loan provides unsecured financing for new construction and renovation projects, including:
- Energy efficiency or renewable energy improvements,
- Performance monitoring and verification, and
- Health and safety remediation
Loans are repaid from energy cost savings, and projected energy savings on these loans will be verified by a qualified third-party service provider approved by IPC.
Document Downloads
Frequently Asked Questions
Who is eligible?
- Income eligible for-profit and non-profit multifamily properties (5 or more residential units) and non-profit organizations
- Properties must serve low-to-moderate income (LMI) residents (defined as 60% of households having in comes no higher than 80% of area median income (AMI)
- Non-profit entities with proof of tax-exempt status
- Project sponsors who would, in turn, make a loan to an LLC or partnership
What are some eligible improvements?
- Heating and cooling systems
- Hot water systems
- Building envelope
- Water efficiency
- Renewable energy systems (solar PV, etc.)
- Conversion from oil or electric to gas
- Remediation of lead, mold, radon or asbestos
- Replacement of outdated electrical wiring or leaky roofs
What do I need to submit with my application?
We’ve created a helpful loan document checklist that outlines all documents that need to be submitted. Please download that here.
Have Questions About This Program?
For more information please email Duanne Andrade or email Christine Papke or call her at 772-468-1818 Ext. 1201, or fill out the form below and we will be in touch shortly.