Treasurer McCord Lauds Federal Government’s Recognition of AFC First Financial; Says Future Keystone HELP Projects Will Benefit
AFC first private company named Home Performance with ENERGY STAR sponsor; Keystone HELP to use program’s national “whole house” energy efficiency standards
Harrisburg, PA – November 17, 2011 – (RealEstateRama) — The U.S. Department of Energy’s designation of Allentown-based AFC First Financial Corporation as a Home Performance with ENERGY STAR sponsor means Pennsylvania families that pursue money-saving home energy-efficiency improvements through the Keystone Home Energy Loan Program will benefit from higher standards, State Treasurer Rob McCord said today.
Home Performance with ENERGY STAR is a comprehensive, whole-house approach to improving energy efficiency and home comfort that adheres to strict installation standards and requires energy efficiency contracting certification. The Keystone Home Energy Loan Program, or Keystone HELP, is a partnership of Treasury, AFC, the state Department of Environmental Protection, and the Pennsylvania Housing Finance Agency.
“This designation – the first of its kind for a private company – is a testament to AFC First’s work, which helps families save money by saving energy,” Treasurer McCord said. “Keystone HELP already has helped 8,800 homeowners finance more than $60 million in energy efficiency home improvements. Now, AFC will be able to offer its innovative financing options paired with a network of contractors who are trained to meet high quality standards.”
According to the ENERGY STAR website, more than 110,000 families have improved their homes with Home Performance with ENERGY STAR. These homes are warmer in the winter, cooler in the summer, and cheaper to own all year.
The federal Department of Energy typically designates utilities, states, municipalities, and nonprofit organizations as Home Performance with ENERGY STAR sponsors. AFC First is the first private entity nationally to be named a sponsor, and the company is the only sponsor in Pennsylvania.
As a sponsor, AFC will couple the federal program with its financing programs to improve affordability for consumers and improve training to contractors on comprehensive energy improvements. AFC’s initial integration of Home Performance will be with Keystone HELP. AFC First administers Keystone HELP. The program has offered affordable energy efficiency financing options since 2006 for Pennsylvania homeowners to purchase and install energy efficient equipment or to undertake whole-house improvements that will help reduce energy consumption.
Treasury partnered with DEP in 2009 to further enhance Keystone HELP by lowering rates on loans with the help of funds from Pennsylvania’s Alternative Energy Investment Act. The lower rates helped to expand the program’s impact.
Presently and for a limited time, Keystone HELP is also offering special, reduced interest rates to victims of flooding caused by Hurricane Irene and Tropical Storm Lee.
Media contact: Michael Smith, 717-787-2991 or
No related posts.
- SeniorCare Network of Oakmont Selected for State’s Supportive Housing Award
- PHFA announces $19.5 million in tax credits and $81 million in tax exempt financing for affordable multifamily developments in Pennsylvania
- Blumberg Redevelopment Awarded Tax Credit Financing
- PHFA announces $18.7 million in funding for affordable multifamily developments in Pennsylvania
- Governor Corbett Announces Grant Funding for Housing Modifications for Individuals with Disabilities
- PA Treasury Working to Return More Than $93,000 in Unclaimed Property to African American Organizations, Institutions During Black History Month
- This Presidents Day, Lincolns and Jacksons are up for Claim through Treasury’s Unclaimed Property Program
- Congressman Doyle, Community Leaders Convene Homelessness Forum: September 3 Event at CMU to Focus on the Increasing Rate of Homelessness
- PHA To Use On-line Housing Applications For First Time
- PHFA announces keynote speakers for May Housing Forum
- Congressional Budget Impasse Threatens Homes for Thousands of Pennsylvanians
- Notice of Filing of Securities Class Action Against Inland Western Retail Real Estate Trust, Inc., Certain of Its Directors, Officers and Affiliates, and William Blair & Company, L.L.C.
- Will Get Down Payment Help; Affordable Housing; 3,000 New Jobs with $380 Million in Recovery Funds
- FREE PROPERTY TAX/RENT REBATE APPLICATION FILING HELP AVAILABLE IN JOHNSTOWN NOV. 14
- The Great Escape Theatres Opens New 14-Screen Theater at Feldman Mall Properties' Harrisburg Mall
- $222.7 Million In Property Tax/Rent Rebates Distributed To Older Adults, Residents With Disabilities
- Grubb & Ellis Company Announces Recent Transactions