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 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.
- 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
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