July 23, 2024

HUD: $19 Million Announced in New Housing Investments

As part of President Biden’s Investing in America Agenda, HUD announces new awards for climate resilience and energy efficiency renovations.

The U.S. Department of Housing and Urban Development (HUD) today announced $19 million in new grant and loan awards to 32 properties under its Green and Resilient Retrofit Program (GRRP). These grants and loans will support significant energy efficiency and climate resilience renovations in more than 4,260 homes occupied by low-income individuals, families, and seniors. Today’s awards bring the total funding awarded under this program to more than $773 million, serving 20,752 homes. HUD’s Deputy Assistant Secretary for Multifamily Housing Programs Ethan Handelman announced this new funding today at a press conference at Plymouth Square Village in Detroit, Michigan, which will receive a $750,000 loan to make crucial climate resilience and energy efficiency enhancements. 

“The Biden-Harris Administration is ensuring that our country’s housing stock is not only affordable, but also resilient and energy-efficient,” said HUD Acting Secretary Adrianne Todman. “Today, we are awarding crucial funds to renovate thousands of homes, making enhancements such as improved indoor air quality and integrating renewable energy sources. These changes are not trivial – they will reduce costs and increase the quality of life of the people we house.”

This round of funding includes awards for properties in 18 states, including the first award in Vermont. The funding announced today will increase energy and water efficiency, reduce climate pollution, generate renewable energy and reduce emissions, promote the use of low embodied carbon materials, and improve the quality of life for residents by making their homes more resilient to climate risks and by improving indoor air quality.

“These awards once again demonstrate the Biden-Harris Administration’s commitment to affordable housing preservation and climate resilience,” said Assistant Secretary for Housing Julia Gordon. “We’re investing funds that will improve the homes and lives of thousands of lower income individuals and families and make a real difference in areas where investment has lagged for far too long.”

All of the investments announced today will advance environmental justice in line with President Biden’s Justice40 Initiative, which sets a goal that 40 percent of the overall benefits of certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. Retrofitting these homes will reduce their emissions, make them more resilient to extreme weather events, cut energy costs, and advance the President’s housing and clean energy agenda, ensuring affordable housing stays affordable for residents and building owners across the nation.

President Biden’s Inflation Reduction Act—the largest climate investment in history—established the GRRP in 2022 to fund energy efficiency, electrification, clean energy, and climate resiliency improvements for HUD’s assisted rental portfolio.

The grants and loans announced today are the third set of awards made under the GRRP’s Elements category, which provides funding to properties for proven and meaningful climate resilience and utility efficiency measures in projects that are already in the process of being recapitalized. Of the 32 properties receiving Elements awards today, 29 are properties that participate in the HUD Section 8 project-based rental assistance program for low-income individuals and families and three properties participate in HUD’s Section 202 project-based rental assistance program for low-income seniors. Six properties have more than 200 units, 22 properties have between 51-200 units, and four properties have 50 or fewer units.

FACT SHEET: Green and Resilient Retrofit Program Progress to Date


Green and Resilient Retrofit Program Background Detail

The GRRP Notices of Funding Opportunity (NOFO) and additional guidance detail the multiple funding options for which property owners may apply:

Green and Resilient Retrofit Program Elements 3 Awards
July 23, 2024

Property NameProperty
City
Property
State
Award TypeAward AmountDeveloper
North PortPort HuronMILoan$479,386Jonathan Rose
Cambridge TowersDetroitMILoan$558,317Jonathan Rose
Plymouth SquareDetroitMILoan$750,000Jonathan Rose
Willa Rawls ManorChicagoILLoan$563,325Essence Development
Bay Terrace ApartmentsBaytownTXGrant$750,000Atrium Housing Inc.
Lafayette Senior Apartments (Lafayette Towne – Phase I)St. LouisMOGrant$750,000Skyline
Lafayette Family Apartments (Lafayette Towne – Phase II)St. LouisMOGrant$748,763Skyline
The Village of WestlandWestlandMILoan$750,000Hampden Park
Duncan Village ApartmentsDuncanSCGrant$750,000American Community Developers
Cedarville Senior LoftsCedarvilleOHLoan$750,000Hampden Park
Winter Valley Residences IIMiltonMAGrant$750,000Hampden Park
Camelot ApartmentsWaterlooIALoan$750,000Huntley Witmer
Crossroads Square ApartmentsWaterlooIALoan$750,000Huntley Witmer
Nazareth TowersColumbusOHGrant$750,000Housing Preservation Inc
Pocasset ManorProvidenceRIGrant$302,106POAH
Lexington Park ApartmentsNorfolkVAGrant$750,000Standard Communities
8330 On the RiverDetroitMIGrant$729,960POAH
Brown Park EstatesShreveportLACash Loan$522,582Brown Park Estates II LP/Fairfield Property Management
Ken MarMartinsvilleINGrant$749,881Housing Preservation Inc
Crown Oak EstatesPenfieldNYGrant$750,000Silver Tree Residential
St. Mark’s TowersBrunswickGAGrant$750,000Housing Preservation Inc
RJ Schill ApartmentsEllwood CityPAGrant$340,300Tredway
Danish VillageRochester HillsMIGrant$369,000Redwood Housing
PRC SimpsonBronxNYGrant$750,000Fairstead
Shoreview ApartmentsSan FranciscoCALoan$392,599Related Affordable
La Salle ApartmentsSan FranciscoCALoan$375,137Related Affordable
Bayview ApartmentsSan FranciscoCALoan$303,176Related Affordable
All HallowsSan FranciscoCALoan$451,352Related Affordable
Pines at Garden CityGarden CityGALoan$368,097Vitus
Marina TowersVallejoCALoan$750,000Vitus
Fremont Village ApartmentsLongviewWAGrant$194,310Redwood Housing
Chelsea Williamstown ApartmentsChelseaVTLoan$361,108Heritage Housing
This post was originally published here.