Home energy program gains national recognition for third time this year
Harrisburg – July 18, 2013 – (RealEstateRama) — The Pennsylvania Keystone Home Energy Loan Program (HELP) has figured prominently in another national energy award, as the Council of Development Finance Agencies (CDFA) today named Bostonia Partners as the winner of the 2013 CDFA Excellence in Energy Finance Award.
Bostonia Partners won for their work on a secondary market sale of the Keystone HELP portfolio. It is the third time this year that Keystone HELP has either won or been associated with a national energy award. In May, State and Local Energy Report magazine recognized Keystone HELP as the winner of its fifth annual Single Family Residential Energy Efficiency Award. In June, Keystone HELP won the Alliance to Save Energy’s 2013 Andromeda Star of Energy Efficiency award.
Earlier this year, working with Bostonia, the Pennsylvania Treasury sold several thousand loans made through Keystone HELP. The innovative sale, one of the first of its kind in the country, marked an important milestone in national efforts to develop a secondary market for such loans.
“We are honored to be recognized by CDFA on behalf of Treasury and its team of professionals for this transaction, which we believe will be the start of a larger secondary market initiative in consumer energy loans across the country,” remarked Thomas F. Dooney, Managing Director of Bostonia Partners. “The Keystone HELP program fundamentals and portfolio loan quality greatly contributed to the success of this inaugural secondary market transaction.”
Through Keystone HELP, Treasury makes low-interest loans available for high-efficiency furnace or boiler replacements, geothermal heating and cooling units, insulation installations, door and window replacements, and other measures to help Pennsylvanians conserve energy while saving on their residential energy bills.
For more information, visit www.patreasury.gov.
Media contact: Gary Tuma, 717-787-2465 or