$103 Million in Grant Funding Awarded Through Green and Resilient Retrofit Program; Administration Takes Action to Cut Energy Bills, Housing Costs and Climate Pollution

by | Oct 26, 2023 | HUD News | 0 comments

  1. HUD- MFH awards $103 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to owners of 16 properties participating in HUD Multifamily Assisted Housing programs to significantly renovate the homes of 1,500 low-income households to be zero energy and resilient. (Full Updated Below)
  2. White House Fact Sheet: Biden-⁠Harris Administration Takes Action to Cut Energy Bills, Housing Costs and Climate Pollution (notable announcements bulleted)
  • In addition, the Department of the Treasury and the Department of Energy today opened applications for the Low-Income Communities Bonus Credit program, which will spur up to 1.8 gigawatts of clean energy investments annually in underserved communities.
  • Last week, the Department of Energy launched its eighth Energy Earthshot – the “Affordable Home Energy Shot” – which sets a bold target to reduce the cost to decarbonize new and existing housing by 50%, save Americans money on their energy bills, and help address the persistent burdens faced by low-income households and communities of color. (attached)
  • The Biden-Harris Administration recently announced a goal of making zero emissions, resilient new construction and retrofits common practice by 2030. To achieve its goal, the Administration is developing a standard national definition for zero emissions buildings that will help establish a consistent, verifiable and measurable path to a zero-emissions building sector.
  • The Department of the Treasury recently issued guidance on the Inflation Reduction Act’s amendments to the 45L new energy efficient homes tax credit that now offers up to $5,000 per home to eligible contractors who construct, reconstruct, or rehabilitate energy efficient homes.
  • FEMA last week announced the availability of $1.8 billion for two resilience grant programs designed to increase climate resilience nationwide and prepare communities for more frequent and severe extreme weather events. The Building Resilient Infrastructure and Communities (BRIC) annual grant program is making an additional $1 billion available to fund projects that protect people and infrastructure from natural hazards and the effects of climate change. The Flood Mitigation Assistance (FMA) program will provide a further $800 million to fund projects that mitigate flood risks facing homes and communities across the nation.
  • Today, HUD released a Climate Resources for Housing Supply Framework that describes key funding opportunities for a climate-focused housing supply strategy. This follows the launch of HUD’s Funding Navigator, a user-friendly searchable database of Inflation Reduction Act and Bipartisan Infrastructure Law incentives and other resources from across federal agencies to support efforts to enhance climate resiliency, energy efficiency, renewable energy integration, healthy housing, workforce development and environmental justice.
  • Recently, HUD announced its Funding Navigator, an interactive tool that allows users to browse and sort funding opportunities for billions of dollars in funding available under the Inflation Reduction Act (IRA), Bipartisan Infrastructure Law (BIL).
  • we have awarded approximately $103 million in grant funding and loan commitments under the Green and Resilient Retrofit Program (GRRP) to owners of 16 properties participating in HUD Multifamily Assisted Housing programs to significantly renovate the homes of 1,500 low-income households to be zero energy and resilient.
  • This is the second wave of GRRP awards we will be releasing throughout 2023 and 2024. Read more in HUD’s press release issued today.
  • President Biden’s Inflation Reduction Act provided HUD with more than $837 million in grant funding and up to $4 billion in loan commitment authority to award under this program – the first HUD program to simultaneously invest in energy efficiency, energy generation, and climate resilience in multifamily housing.
  • The program’s Notices of Funding Opportunity (NOFO) and additional guidance released on May 11, 2023, detail the multiple grant and loan funding options that property owners can apply for under the program’s three categories: 
  • 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.
  • 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 Comprehensive category in the coming weeks.

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