Kentucky Home Performance

&S.O.A.R.

Shaping Our Appalachian Region

Presented by:

Brenda Walker

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.

Encompasses 54 counties in Eastern and Southern 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

Questions?

Brenda WalkerManaging Director

Single-Family Programs