Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities

U.S. Government Accountability Office

Energy Innovation Fund: Single Family Pilot

Administering Agency/Entity Department of Housing and Urban Development
Short Description Makes energy-efficiency financing attractive to consumers by expanding the use of Title I home imporvement loans from the Federal Housing Administration for energy-efficiency upgrades. The PowerSaver loan program provides up to $25,000 in a second mortgage (loans up to $7,500 can be unsecured) for energy efficiency investments in one-to-four family homes.
Primary Purpose Assistance for buying, selling, or financing a home
Type of Housing Supported Homeownership
Type of Assistance Insured loan
Fiscal Year 2010 Obligations None; program was created in fiscal year 2010. However no funds were obligated in that year. In fiscal year 2011, $13 million was obligated to the Energy Innovation Fund: Single Family Pilot.

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