13 September 2023

HUD Announces First Wave of Inflation Reduction Act Funding to Support Energy Efficiency and Climate Resilience in Multifamily Assisted Housing Properties



HUD NEWS             
U.S. Department of Housing and Urban Development – Marcia L. Fudge, Secretary

Office of Public Affairs, Washington, DC 20410                     

HUD No. 23-195                                                                                                        

FOR RELEASE: Wed 13 Sept 2023


HUD Public Affairs                                                

202-708-0685                                                                                                              

HUD.gov/Press

 

HUD Announces First Wave of Inflation Reduction Act Funding to Support Energy Efficiency and Climate Resilience in Multifamily Assisted Housing Properties

Approximately $18 million awarded today under the Green and Resilient Retrofit Program will support upgrades that advance energy efficiency and climate resilience in rental homes for low-income families.

 

WASHINGTON – The U.S. Department of Housing and Urban Development’s (HUD) today announced it has awarded approximately $18 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to owners of properties participating in HUD-Assisted Multifamily Housing programs. 
Funded under President Biden’s Inflation Reduction Act, GRRP is the first HUD program to simultaneously invest in energy efficiency, energy generation, and climate resilience strategies in multifamily housing. Investments under the program will be made in affordable housing communities serving low-income families in accordance with the Biden-Harris Administration's Justice 40 goals. Today’s awards will help fund upgrades for 28 multifamily properties containing more than 3,400 HUD-Assisted Multifamily rental homes for low-income families, seniors, and persons with disabilities.


. . .These investments will help combat the climate crisis and support equitable economic development in American communities. 
  • The funding enables building owners to invest in a range of technologies, such as geothermal energy systems, heat pumps, wind- and fire-resistant roofing, low embodied carbon materials, and other measures, that will reduce greenhouse gas emissions and make properties healthier and safer for residents in the face of more severe weather and a changing climate
  • This is the first round of GRRP awards to be released, with additional rounds to be awarded throughout 2023 and 2024.

 Owners of properties participating in HUD’s Multifamily Section 8 Project-Based Rental Assistance, Section 202 Supportive Housing for Low-Income Elderly, and Section 811 Supportive Housing for Low-Income Persons with Disabilities programs received grant or loan funding commitments today under the GRRP’s “Elements” award category.

 
Elements awards provide funding for property owners to include climate resilience and energy and water efficiency improvements at properties that are already in the process of a development or rehabilitation transaction. Upgrades financed under the Elements category will support a range of improvements, such as installation of heat-wave resilient cool roofs and fire-resistant roofs, on-site solar power systems, energy efficient windows, and similar upgrades. 

 

Table 1: Green and Resilient Retrofit Program Elements Round One Awards

 

Grantee

City

State

Property Name

Award Amount

Award Type

Vitus Group, LLC

Glendale

CA

Palmer Park

$       331,635

Loan

Related Affordable

Waterbury

CT

Nottingham Towers

$       743,283

Loan

Enterprise Community Development

Washington

DC

Edgewood Commons V

$       750,000

Loan

Colona House, LLC

East Moline

IL

Colona House

$       660,807

Grant

Full Circle Communities

Chicago

IL

Brainerd Senior Center

$       750,000

Loan

POAH

Chicago

IL

Island Terrace

$       750,000

Grant

Related Affordable

Champaign

IL

Round Barn Manor Apartments

$       750,000

Grant

Related Affordable

Kankakee

IL

Riverwoods Apartments

$       552,313

Loan

Fountain Place, LLC

Connersville

IN

Fountain Place

$       353,873

Grant

Fairstead

Louisville

KY

Chenoweth Woods Apartments

$       750,000

Grant

Fairstead

Lexington

KY

Malabu Manor Apartments

$       750,000

Grant

Enterprise Community Development

Baltimore

MD

Park Heights Place

$       381,851

Loan

Enterprise Community Development

Baltimore

MD

Greens at Irvington Mews Phase II

$       750,000

Loan

Forward Housing Preservation LLC

Waldorf

MD

Wakefield Terrace

$       750,000

Loan

Homes for America, Inc.

Baltimore

MD

Foxwell Memorial Apartments

$       314,268

Grant

Vitus Group, LLC

Coon Rapids

MN

Mississippi View

$       714,351

Loan

McCormack Baron Salazar

St. Louis

MO

The Brewery Apartments

$       750,000

Loan

Related Affordable

Kansas City

MO

Plaza Apartments

$       576,669

Loan

Skyline LLC

Fenton

MO

Hawkins Village Apartments

$       523,069

Loan

Delshah

Staten Island

NY

St George Plaza

$       750,000

Grant

Delshah

Staten Island

NY

Parkhill II Apartments

$       750,000

Grant

Delshah

Staten Island

NY

Parkhill I Apartments

$       750,000

Grant

L+M Fund Management

New York

NY

Revive 103

$       192,000

Grant

Related Affordable

Poughkeepsie

NY

Rip Van Winkle House

$       647,700

Loan

Essence Development

Toledo

OH

Alpha Towers

$       750,000

Grant

POAH

Cincinnati

OH

Community Manor Apartments

$       750,000

Grant

POAH

Cincinnati

OH

Pendleton Estates Apartments

$       750,000

Grant

Wesley Living

Lexington

TN

Woodland Homes

$       750,000

Grant

 

The program’s Notices of Funding Opportunity (NOFO) and additional guidance released on May 11, 2023, detail the multiple grant and loan funding options for which property owners may apply under the program’s three categories:

 

  • Elements provides funding to owners for 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.

 

Property owners are encouraged to continue to submit applications for grant awards or loans in any of the three categories. HUD is accepting applications under one category each month for the duration of funding availability. HUD expects to announce awards regularly throughout 2023 and 2024, including awards under the Leading Edge category in the coming weeks.

 

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HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. More information about HUD and its programs is available on the Internet at www.hud.gov and http://espanol.hud.gov

You can also connect with HUD on social media and follow Secretary Fudge on Twitter and Facebook or sign up for news alerts on HUD’s Email List. 

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