October 2, 2024

HUD: More Than $279 Million in New Housing Investments Announced

New awards will support climate resilience and energy efficiency renovations.

The U.S. Department of Housing and Urban Development (HUD) today announced nearly $279 million in awards to properties across 23 states and territories under its Green and Resilient Retrofit Program (GRRP) to support significant energy efficiency and climate resilience renovations of more than 3,500 homes. These Comprehensive grants and loans will increase energy and water efficiency, reduce climate pollution, generate renewable energy, reduce housing operating costs, promote the use of green building materials, and improve the quality of life for residents by making their homes more resilient to climate hazards. As of today, over $1.12 billion from President Biden’s Inflation Reduction Act has now been awarded to 225 properties and nearly 26,000 rental homes, to make them greener, healthier, and safer for low-income households, seniors, and persons with disabilities. With these awards, 97 percent of funds dedicated to GRRP have now been awarded. Today’s awards not only represent the largest dollar amount of grants and loans made under the program at one time to date but include 11 properties participating in HUD’s Section 202 project-based rental assistance program for low-income seniors and six Section 811 program for low-income persons with disabilities.

HUD Acting Secretary Adrianne Todman announced these grants today in Boston, MA, where HUD today awarded over $7 million for two properties to make crucial upgrades for residents.

“HUD has awarded over $1.1 billion through the Green and Resilient Retrofit Program to modernize housing for families across the country as the climate crisis continues to affect our most vulnerable communities,” said HUD Acting Secretary Adrianne Todman. “The awards announced today advance the Biden-Harris Administration’s housing and clean energy goals to ensure families we serve live in resilient, energy efficient, and comfortable homes where they can thrive.”

President Biden’s Inflation Reduction Act-the largest climate investment in history-established the GRRP in 2022 to fund energy efficiency and climate resilience improvements for multifamily properties participating in HUD’s project-based rental assistance programs This effort advances environmental justice through 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.

“This is the largest set of Green and Resilient Retrofit Program awards to date, reinforcing our continued commitment to large-scale rehabilitation measures that ensure the safety and security of the low-income residents who call HUD-assisted housing home,” said Assistant Secretary for Housing Julia Gordon. “Today’s awards will address some of the most extensive and greatly needed energy efficiency and climate resilience upgrades for low-income households to date.”

The grants and loans announced today represent the first GRRP awards in Hawaii, South Dakota, and Nebraska, and bring the total amount of funding under this program to more than $1.12 billion in 42 states, the District of Columbia, and Puerto Rico. This is the fourth and final set of awards made under the GRRP’s Comprehensive category, which provides funding to properties with the highest need for climate resilience and utility efficiency upgrades. One remaining award announcement for the GRRP Elements category is expected in the coming months.

“We are pleased that this set of awards includes the largest number of properties to date that are participating in both our project-based rental assistance programs for low-income seniors and low-income persons with disabilities,” said Ethan Handelman, Deputy Assistant Secretary for Multifamily Housing Programs. “This is exactly what GRRP was designed to do – to help fund vital protections and improve the homes and lives of some of our nation’s most vulnerable populations.”

Today’s awardees include 26 properties that participate in the HUD Section 8 project-based rental assistance program for low-income individuals and families, 11 properties in HUD’s Section 202 project-based rental assistance program for low-income seniors, and six properties that receive support through HUD’s Section 811 supportive housing for people with disabilities. Three properties have more than 200 units, 21 properties have between 51-200 units, and 19 properties have fewer than 50 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 Comprehensive Round 4 Awards
October 3, 2024

Property NameProperty CityStateAward TypeAward AmountSponsor
Huntsville SummitHuntsvilleALSurplus Cash Loan$8,080,000Neighborhood Concepts Inc.
Pullman PointRichmondCAGrant$15,920,000Community Housing Development Corporation
Kings Road ApartmentsWest HollywoodCAGrant$8,480,000Los Angeles Community Development Authority
Aspen CourtPachecoCASurplus Cash Loan$960,000Resources for Community Development
Bay Bridge HousingEmeryvilleCASurplus Cash Loan$480,000Resources for Community Development
Lamont HouseNovatoCAGrant$480,000Cedars
Liggins TowerDenverCOGrant$5,840,000Northeast Denver Housing Center
Lincoln TerraceWrayCOGrant$1,600,000Wray Housing Authority
Savannah Gardens Senior ResidencesSavannahGAGrant$3,200,000Mercy Housing
Ainakea Elderly Housing ProjectKapaauHISurplus Cash Loan$1,680,000Ahe Group
Scotland Yards IIChicagoILGrant$8,480,000Avanath Capital Management
Country Acres ApartmentsLa PorteINSurplus Cash Loan$8,000,000KCG Companies
Edwardsville CourtEdwardsvilleKSGrant$4,400,000Young Management Corporation
St. John Berchman’s ManorNew OrleansLASurplus Cash Loan$12,000,000Providence Community Housing
Sharlo Terrace IIBaton RougeLASurplus Cash Loan$7,200,000California Commercial Investment Companies
Rouquette Lodge IIIMandevilleLASurplus Cash Loan$5,360,000Archdiocese of New Orleans
Roquette IVMandevilleLASurplus Cash Loan$5,280,000Archdiocese of New Orleans
Bayou GalionMer RougeLASurplus Cash Loan$2,560,000Fairfield Property Management
Autumn Woods ApartmentsWorcesterMAGrant$20,000,000Spear Management Group
St. Botolph TerraceBostonMAGrant$4,160,000Madison Park Development Corporation
Mei Wah VillageBostonMASurplus Cash Loan$3,280,000Trinity Management Company
Vista VillageSaint PaulMNSurplus Cash Loan$3,840,000Common Bond Communities
East Columbia ApartmentsColumbiaMSGrant$5,760,000Columbia Development Program
Traceway VillasTupeloMSGrant$2,480,000Mississippi Methodist Senior Services, Inc.
Turner Memorial Retirement CenterLeakesvilleMSGrant$2,400,000Methodist Senior Services
Centennial ParkKearneyNEGrant$4,000,000The Community Builders
Prairie Estates Senior ApartmentsValentineNESurplus Cash Loan$1,280,000California Commercial Investment Companies
Harbor View PlazaTuckertonNJGrant$5,760,000Wishcamper Companies Inc.
Lord Stirling Senior HousingNew BrunswickNJSurplus Cash Loan$3,920,000The Community Builders
Seven Greens ApartmentsKingstonNYGrant$11,920,000Hallkeen Management
Jackson TowersPainesvilleOHGrant$19,200,000Lake Metropolitan Housing Authority
Admiral ApartmentsPortlandORGrant$2,960,000Reach Community Development
Powell BlvdPortlandORGrant$1,600,000Reach Community Development
St. George Athenagoras (AKA St. George Senior Housing)PhiladelphiaPAGrant$7,520,000St. George Senior Housing Corporation
Cobbs Creek ApartmentsPhiladelphiaPASurplus Cash Loan$6,800,000Winn Companies
Inglis Gardens at GermantownPhiladelphiaPASurplus Cash Loan$1,120,000Inglis
Las Americas HousingPoncePRGrant$20,000,000Anamar Developers Inc
Los Flamboyanes ApartmentsCaguasPRGrant$13,920,000Flamboyanes
Pheasant Valley CourtyardMilbankSDGrant$4,800,000Grow South Dakota
Riverview TowerChattanoogaTNGrant$12,880,000Tangram Group
Countryside Village ApartmentsHumbleTXGrant$14,560,000National CORE
Wildwood Court ApartmentsBellevueWAGrant$2,880,000Circ Living
Pioneer CourtPuyallupWAGrant$1,360,000Catholic Community Services
This post was originally published here.