This Request for Applications (RFA) is soliciting Applications from qualified Applicants that commit to make retrofit improvements to qualified multifamily rental Developments that result in measurable energy savings and water conservation; to provide ongoing property management, staff education, and resident outreach to maximize the benefits of the retrofit; and to submit reports on energy use/savings. The Corporation will develop the retrofit scope of work in consultation with the Applicant using an Energy Audit/Critical Repair Needs Analysis (CRNA) prepared by a Qualified Energy Auditor previously procured by the Corporation. This RFA will make available up to $7,533,084 in Multifamily Energy Retrofit Program (MERP) loans to property owners proposing the retrofit of existing multifamily rental developments that meet all of the following conditions: (i) the Development consists of at least 15 units; (ii) the Development currently is subject to a Corporation Land Use Restriction Agreement, Extended Use Agreement, and/or other non-Corporation restriction agreement with income set-asides; (iii) the Development will commit at least 70 percent of the total units to households with incomes at or below 80 percent of Area Median Income (AMI); and (iv) the Development was originally Completed prior to January 1, 2005. MERP funding may be used for retrofit work, an owner incentive fee, and other soft costs. Applicants may carry out these retrofits as part of a broader rehabilitation plan that has non-MERP financing associated with it; however, these Applicants should be aware that compliance with all federal requirements, including the Davis-Bacon Act, may apply to the entire rehabilitation.