Catalyst Construction and Term Loan -

The Catalyst Loan finances energy and resiliency improvements in affordable and market-rate multifamily housing and in buildings owned by nonprofits and municipalities. Catalyst provides construction and term financing to decarbonize buildings, improve health, safety, and economics, and comply with local building energy-efficiency requirements.

With alternatively secured financing, Catalyst can be used with existing mortgages and other financings that have restrictions on adding new debt. Catalyst Loans can also bridge rebates from utilities and other incentives from the federal Inflation Reduction Act.

Loans can be repaid partially, and in some cases fully, from energy and operating cost savings that result from the improvements.

Who is eligible?

Affordable and market-rate residential properties with five or more units
Co-ops, condominiums, rental properties, and affordable housing, including mixed-use
Buildings owned by nonprofits and municipalities, including community centers and houses of worship

What are eligible uses?

Solar PV and other renewable energy systems
Heat pumps and other efficient heating and cooling systems and hot water systems
Insulation, weatherization, and other building envelope improvements
Remediating mold, asbestos, or radon, when necessary for weatherization
Roof replacement, electrical rewiring, or other repairs needed for building electrification or solar
Building management systems
Converting from oil to electric
Energy storage solutions
On-site electric vehicle charging stations
Work to achieve high-performance building standards like LEED or equivalent
The takeout of energy-related pre-development costs (IPC Navigator Loan)