What is the Camden POWER Residential Program?
POWER, or Program Offering Widespread Energy Recovery, offers forgivable loans of up to $16,000 to eligible Camden City homeowners to fund essential home repairs to make homes safer and more energy efficient. Through POWER, the City of Camden hopes to achieve total energy savings of at least 25% in certain residential homes. The program is an expansion of the popular Camden Home Improvement Program (CHIP) focusing on energy efficiency retrofits. POWER Residential is funded by the City of Camden, US Department of Energy (DOE) and the NJ Economic Development Authority (NJEDA). NJ Housing and Mortgage Finance Agency (NJHMFA) will be the funding administrator with Cooper's Ferry Development Association and Scungio Borst and Associates assuming the roles of program and
construction manager respectively.
As long as you own and live in your home for ten years after receiving the loan, you don't have to pay anything back. A portion of the loan amount will be forgiven every year until the lien is satisfied.
If you think you are eligible and you live in a POWER neighborhood (see tab above), you should submit an application. The first step is a basic form that determines your eligibility, which can be found under the Application tab above. You may also apply in person at Cooper's Ferry Partnership (2 Riverside Drive, Suite 501, Camden, NJ 08103). Applications are being accepted on a rolling basis.
If you think you are eligible and you live in a POWER neighborhood (see tab above), you should submit an application. The first step is a basic form that determines your eligibility, which can be found under the Application tab above. You may also apply in person at Cooper's Ferry Partnership (2 Riverside Drive, Suite 501, Camden, NJ 08103). Applications are being accepted on a rolling basis.
