Description

The Kansas Housing Resources Corporation (KHRC) launched a statewide initiative to promote energy conservation and reduce home heating costs for homeowners. KHRC will provide 50% of the total loan amount, up to $10,000 with no interest. The remaining 50% of the loan amount comes from Sunflower Bank, a family-owned bank with 34 locations throughout Kansas and Colorado. Sunflower Bank will charge interest on the money they lend, but the zero-interest portion provided by the state makes the blended rate lower than a normal second mortgage loan. Loans obtained through KEEP can be used to purchase a variety of HVAC and weatherization equipment, as well as certain energy efficient appliances. Equipment must meet the efficiency requirements specified by KHRC. Interested homeowners can apply for this program through Sunflower Bank.