Based on an "on-bill repayment" feature, the program would allow the property owner to avoid large upfront costs and instead pay for upgrades through regular installments on his utility bill.
Adam Connaker, an associate at the foundation, said Blue Forest could have a shot at meeting that goal because its bonds will be structured to guarantee some repayment even if the program doesn't meet all its objectives.
And on Wednesday, Secretary of Defense Ashton Carter ordered the Pentagon to suspend the repayment program. .
The initiatives will allow people to consolidate federal loans in new ways and also make the repayment program that is based on borrowers' incomes more generous.
They have instituted the Income-Based Repayment program, lowering the maximum monthly repayment of loans to 10% of income.
Several programs of this nature already exist, most prominent among them the Loan Repayment program of the National Health Service Corps, which was established by Congress in 1972.
First used in Britain and now being explored in Australia, the bonds are rapidly capturing the imagination of some public officials in the United States: on Wednesday, Massachusetts announced that it was completing negotiations with two nonprofit groups to finance juvenile justice and homelessness programs, with the promise of repayment only if the programs work.
Since Obama highlighted Income-Based Repayment in June of last year, enrollment in the program has more than tripled to 910,000 borrowers, government data show.
The other NCMHD loan repayment program, the Health Disparities LRP (HD-LRP), targets researchers working to reduce disparities in health, e.g., those who work with diseases that disproportionately affect minorities and the economically disadvantaged.
Treasury says that combined with repayments from smaller banks in the program it will have taken back $70 billion of the $199 billion invested through the controversial TARP capital injection program since October.
