Through Resilient Retrofits, HTFC will make available construction loan proceeds to up to 250 low- and middle-income single-family homeowners whose homes are located in flood-prone areas, enabling them to render their homes more resilient to flood damage and, if desired, to decrease their greenhouse gas emission consumption by improving the energy efficiency of the home and/or electrification of the home’s heating and cooling systems.
Home retrofit scopes may include closing off living-space below the base-flood elevation (BFE), adding better insulation to the envelope, installing high-efficient fixtures and appliances, and replacing aged, fossil fuel combustion heating and cooling systems with electric cold climate heat pumps and raising all mechanicals above the BFE. Onsite generation paired with these measures, such as solar panels or battery back with battery back-up may also be included.
Eligible applicants for Resilient Retrofits should be not-for-profit organizations who:
- Have fundamental experience in underwriting, originating and servicing construction loans.
- Have, or can hire, construction management services to oversee retrofit scopes.
- Have, or can hire, engineer and design services for the creation of elevation certificates (ECs) and to recommend flood-resilient designs and scopes.
- Have, or can hire, expertise in floodplain management. Expertise in floodplain management consists of, but is not limited to, experience with the National Flood Insurance Program (NFIP) and concepts of floodplain management, maps and studies, ordinance administration, and the relationship between floodplain management and flood insurance. In addition, qualifications such as Certified Floodplain Manager (CFM) or staff that have completed floodplain development management courses with the Emergency Management Institute.
- Have, or can hire, experience in energy efficiency retrofitting of single-family homes and the electrification replacement of aged heating and cooling system with all-electric technologies. Applicants should also have experience in home energy auditing.
- Have a plan to identify a sufficient number of single-family homeowners who would benefit from flood mitigation, energy efficiency, and/or energy electrification retrofits to their homes (“Program Participants”). It is anticipated that the Awardee will be able to generate at least two hundred fifty (250) Program Participants throughout the term of the contract, however, Applicants do not need to identify potential Program Participants prior to applying to this RFP.
- Have a plan to subcontract with other housing counseling and/or community-based organizations who have a presence in flood-prone communities. These organizations should have expressed an interest in conducting outreach to potential Program Participants and providing case management and/or housing counseling to Program Participants.