The Lowcountry Housing Trust provides loans to owners of multi-family and single family rental properties for energy efficient improvements that render the units a minimum of 20% more energy efficient after rehabilitation.

  Energy Efficient Loans
Term Up to 60 months
Interest Rate Lowcountry Housing Trust has interest rates between prime and 4 points over prime
Eligible Borrowers Nonprofit, for-profits, and government entities developing eligible properties
Eligible Activities Rehabilitation of rental units to increase energy efficiency by a minimum of 20%
HERS Testing The borrower must provide a pre and post Home Energy Rating System (HERS) test for each unit from a third party independent tester
Affordability Requirements
  • Units or Households at or below 120% of Area Median Income
  • All units funded by LHT will be subject to affordability controls through a restrictive covenant that limits the property rights of the owner for 10 years
Security The LHT loan will be secured by a promissory note and a mortgage lien on the property
Loan Amounts
  • Minimum loan amount of $10,000
  • Maximum loan amount of $250,000
Application Fee $250 Non-refundable fee
Origination Fee 1.5% fee due at closing
Security Assurances Appraisal, environmental assessment, title insurance, liability and flood plain insurance, certificate of occupancy, and inspection
Closing Costs The borrower is responsible for the expense of document preparation and closing costs

Recent Success Story

Neighborhood Stabilization

LHT has provided $7,409,679 in development loans to local developers and municipalities for the acquisition and rehabilitation or...

Learn More >