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Financing Assistance Program (California) is sponsored by California Air Resources Board (CARB) administered by Community Housing Development Corporation (CHDC) and Beneficial State Foundation (BSF). This program targets low-income California residents to help them purchase or lease new or used clean technology vehicles (plug-in hybrid, fuel cell, or electric vehicles) through a combination of grants and auto loans with interest rates of 8.
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Financing Assistance for Lower-Income Consumers Program | California Air Resources Board Financing Assistance for Lower-Income Consumers Program Financing Assistance for Lower-Income Consumers Program Clean Transportation Incentives CleanTransportationIncentives@arb. ca. gov Incentives , Climate Change Mobile Source Control Division Current Incentive Amount(s) Table of eligible vehicle types and their incentives.
Vehicle Technology Incentive Amount Plug-in Hybrid (PHEV) $7,500 Battery Electric (BEV) $7,500 Fuel Cell Electric Vehicle (FCEV) $7,500 Who is Eligible The Financing Assistance Program is an equity-focused project targeting low-income consumers to facilitate their access to purchasing clean technology vehicles. The annual household income eligibility criteria are set at less than or equal to 300% of the Federal Poverty Level (FPL).
Community Housing Development Corporation (CHDC) administers DCAP serving low-income residents of 12 counties in Northern California. Beneficial State Foundation (BSF) administers the CVAP program at the statewide level. Where and When it's Offered Incentives are available for all low-income Californians throughout the year.
Project Funding or Participation Requirements With a qualifying household income (based on 300% of the FPL) Purchase or lease a new or used vehicle equal to or less than $45,000 Own or lease their clean vehicle for a minimum of 30 consecutive months Obtain a loan from a financial institution at an interest rate of 8.
0 percent or less Announcements and Upcoming Activities A joint solicitation for selecting a grantee to administer new Statewide Financing Assistance and Statewide Clean Cars 4 All was held in Spring of 2023. Upon finalizing the selection process, CARB plans to launch new joint programs later this year. FAQs - https://cleanvehiclegrants.
org/faq How can the Financing Assistance Program help me? Financing Assistance helps income-qualified California residents get a new or used plug-in hybrid, fuel cell, or electric vehicle through a combination of grants and fair financing options. Lending partners offer 8% or lower interest rate auto loans for qualified participants.
How is Financing Assistance different from other programs? Clean vehicle grants are awarded to individuals at the point of sale of a qualifying clean vehicle, not after the fact. If consumers have already purchased or leased a clean vehicle, they cannot receive a grant.
Clean Vehicle Assistance Program Resources Page: https://cleanvehiclegrants. org/resources/
According to the current listing, eligibility includes: California residents with a household income at or below 300% of the Federal Poverty Level, who purchase or lease a new or used vehicle equal to or less than $45,000, and own or lease the vehicle for a minimum of 30 con…. Confirm the full requirements in the official notice before applying.
Financing Assistance Program (California) is funded by California Air Resources Board (CARB) administered by Community Housing Development Corporation (CHDC) and Beneficial State Foundation (BSF). Verify program details on the funder's official page before applying.
This opportunity targets applicants in California. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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