Forth is collaborating with Metropolitan Family Service (MFS) on the new Electrified Ways to Work program. Low-interest loans are available to qualified individuals for the purchase of electric cars, electric motorcycles, and e-bikes. People who might not otherwise qualify for a loan may be able to purchase an EV through this program. Loans for electric vehicle purchase or refinance are offered for up to $12,000.
Program participants receive budget and credit coaching to prepare them for the loan so that Ways to Work can be a credit-building opportunity. Borrowers are expected to pay back loans at a below-market interest rate.