HUD Awards Millions in Green Retrofit Funds; Applications for Final Round of Funding Due July 31st
(July 2, 2024) On June 25th, the U.S. Department of Housing and Urban Development (HUD) announced the latest round of funding awards for the Green and Resilient Retrofit Program (GRRP), including millions in funding awards to LeadingAge housing provider members New Haven Jewish Community Housing Corporation and National Church Residences.
LeadingAge is a strong supporter of HUD’s green grants and loans program, which has now awarded more than $754 million for energy efficiency and climate resilience retrofits impacting more than 16,400 rental homes across HUD’s Multifamily Housing portfolio. Three of the 17 properties awarded in this round (and 24 of 139 properties awarded overall) participate in HUD’s Section 202 Supportive Housing for the Elderly Program.
The final GRRP application window closes July 31st for Elements Awards, which can provide up to $750,000 per property or $40,000 per unit for added elements like high-efficiency windows and rooftop solar panels in a recapitalization transaction that is already underway. More information is available here.
Additionally, according to HUD, more than 800 properties have signed up for the agency’s free energy and water benchmarking service, which allows HUD-assisted housing property owners to better understand the energy and water consumption at their properties in relation to other similar properties. LeadingAge supported the program roll-out and urges members to sign up early for the four-year program. Energy and water benchmarking information from HUD, provided during a LeadingAge housing call, is available here.
Contact: Annalyse Komoroske Denio, akomoroskedenio@leadingageny.org, 518-867-8866