1. Kentucky Home Performance & S.O.A.R. Shaping Our Appalachian Region Presented by: Brenda Walker

2. 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

3. 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

4. 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”

5. 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

6. 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.

7. Encompasses 54 counties in Eastern and Southern Kentucky

8. 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.

9. 1% MRB Program Property Types New Construction – Stick-Built homes that have, at a minimum, ENERGY STAR kitchen appliances. New Manufactured Homes – Must be ENERGY STAR Certified units

10. 1% MRB Program Income 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 County1-2 Persons3 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

12. Questions? Brenda Walker Managing Director Single-Family Programs