PROVIDENCE – Capital Good Fund, in partnership with National Grid, offers an interest-free DoubleGreen Home Loan to improve energy efficiency. As the only nonprofit participant in the program, the Fund offers loans of $500 to $5,000 that can be used for insulation, updating wiring, sealing ducts and other weatherization improvements.
The loan is designed for moderate- to middle-income homeowners with less than perfect credit, with a loan term of two-to-four years, according Capital Good Fund Director Andy Posner.
“We’ve been doing the DoubleGreen Home Loan for two years and have closed 28 in that time,” said Posner.
The nonprofit Capital Good Fund, which uses financial services to tackle poverty and environmental degradation, is also offering the DoubleGreen investment, which pays 2 percent APR on a minimum three-year investment.