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$173.9 Million in Grant Funding Awarded Through Green and Resilient Retrofit Program
Dear Multifamily Owners and Operators,
Today we have awarded approximately $173.9 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to support energy efficiency, electrification, clean energy, low embodied carbon materials, and climate resilience improvements in 30 HUD-assisted multifamily properties that include 3,070 rental homes for low-income individuals and families. See the press release.
These investments will help tackle the climate crisis and support equitable economic development in American communities as part of President Biden's Investing in America agenda and historic environmental justice agenda. GRRP grant and loan funding announced today will improve the quality of life for residents by expanding energy efficiency, reducing climate pollution, generating renewable energy, promoting the use of green building materials, improving indoor air quality, and enhancing climate resilience.
The GRRP Notices of Funding Opportunity (NOFO) and additional guidance detail the multiple funding options for which property owners may apply:
- Elements provides funding to owners to include proven and meaningful climate resilience and utility efficiency measures in projects that are already in the process of being recapitalized.
- Leading Edge provides funding to owners with plans for ambitious retrofit activities to achieve an advanced green certification.
- Comprehensive provides funding to properties with the highest need for climate resilience and utility efficiency upgrades, regardless of prior development or environmental retrofit experience.
Click here to view the original bulletin from the HUD Multifamily DAS in your web broswer.
