RFP VIEO Revolving Loan Fund (RLF) Interest Rate Buy Down (IRBD)

The Virgin Islands Energy Office (VIEO) seeks proposals from qualified banks, credit unions, or Community Development Financial Institutions (CDFIs) to serve as lending partners for its Energy Efficiency Revolving Loan Fund (RLF) Interest Rate Buy‑Down (IRBD) program. The selected lender will originate residential energy‑efficiency loans ranging from $5,000 to $50,000, with terms up to 15 years, and will receive a lump‑sum subsidy (minimum $373,553) from VIEO to offset borrower interest rates, thereby making financing more affordable. The contract also includes administration of a $144,000 energy‑audit subsidy and $57,617 for program administration. Proposals must demonstrate experience in consumer lending, energy‑efficiency financing, and reporting capabilities. • Originate and service consumer loans for eligible homeowners in the U.S. Virgin Islands. • Receive and apply a lump‑sum interest‑rate‑buy‑down payment to lower borrower rates (minimum $373,553). • Provide reporting on loan volume, borrower demographics, and project outcomes; manage audit‑cost subsidies.