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) 

Financing Terms* 

Rates: 4.99%-6.99% with preferred rates for housing affordability and shorter-term lengths 

Loan term: up to 20 years  

Fee: 3% closing fee that includes all closing and legal costs 

Prepayment penalty:  none 

 *Terms and rates subject to change 


More details on Catalyst are available here:

> Catalyst Fact Sheet 

> Catalyst FAQ 

> Catalyst Term Sheet 


Start the application process here: 

> Application 

> Application documentation checklist 


To learn more, contact an IPC representative by completing our  contact us form.