May 21, 2024

HUD: Nearly $67 Million Announced in New Funding to Make Homes More Energy Efficient and Climate Resilient

Awards from President Biden’s Investing in America Agenda will combat the climate crisis, advance environmental justice, and improve lives for residents in HUD-supported housing.

The U.S. Department of Housing and Urban Development (HUD) today announced nearly $67 million in new grant and loan awards for 12 properties under its Green and Resilient Retrofit Program (GRRP) as part of President Biden’s Investing in America agenda, bringing the total funding awarded under this program to more than $610 million. These grants and loans will support energy efficiency and climate resilience renovations to keep more than 14,000 homes at properties housing low-income individuals, families, and seniors safer and more comfortable, especially during extreme weather events. Assistant Secretary for Housing Julia R. Gordon and Deputy Assistant Secretary for Multifamily Housing Ethan Handelman announced the new grant and loan awards at an event at Washington Park apartments in Cincinnati, OH. The property, owned by Preservation of Affordable Housing, Inc., received a $2.2 million surplus cash loan award from HUD for energy efficiency and climate resilience upgrades for 37 homes that serve low-income individuals and families residing at Washington Park.

“At HUD, we work to deliver on President Biden’s Investing in America agenda, investing millions more to ensure the families that we serve live in homes that are healthier,” said HUD Acting Secretary Adrianne Todman. “These investments will reduce costs and make homes healthier, cheaper to operate, and climate resilient.”

“Today’s announcement underscores the keen appetite by owners of assisted housing to increase energy efficiency and climate resilience measures across the country and how the President’s Investing in America agenda helps meet that need,” said Assistant Secretary for Housing Julia Gordon. “So far, properties in 36 states and the District of Columbia are putting GRRP funding to work to finance critical upgrades benefitting residents, owners and communities.”

“Far too many Americans struggle to stay warm in the winter and cool in the summer,” said John Podesta, Senior Advisor to the President for International Climate Policy.“Today’s awards from the Department of Housing and Urban Development will boost the quality of life for thousands of moderate- and low-income American families by making their homes safer and more comfortable.”

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 carbon emissions, ;protecting homes during extreme weather events, and advancing the President’s housing supply and clean energy agenda, ensuring affordable housing stays affordable for residents and building owners across the nation. In fact, two-thirds of the awardees announced today are in communities designated as environmentally disadvantaged areas, as designated by the White House Council on Environmental Quality’s Climate and Economic Justice Screening Tool.

The grants and loans announced today are the third set of awards made under the GRRP’s Leading Edge category, which requires property owners to commit to achieving recognized, high performance green certifications, such as the National Green Building Standard Gold with Green+ Net Zero Designation. The certifications recognize significant property upgrades such as on-site solar, wind turbines, impact and wind-resistant roofing, and other substantial energy efficiency and climate resilience improvements.

“The enhancements being made to properties using GRRP funding will make the homes of low-income families safer, more efficient, and healthier to live in.” said Deputy Assistant Secretary for Multifamily Housing Ethan Handelman. “We’re pleased to support these efforts to improve the nation’s affordable housing stock while also supporting efforts to combat climate change.”

The 12 properties receiving Leading Edge awards today are all properties participating in the HUD Section 8 project-based rental assistance program for low-income individuals and families. Two properties have more than 200 units, seven properties have between 51-200 units, and three properties have 50 or fewer units. View the full list of grantees below.

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

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 Leading Edge Round Three Awards
May 21, 2024

Property NameCityStateAward AmountAwardee
Urban League ManorPhoenixAZ$9,120,000Atlantic Development
Canyon Gate ApartmentsGoldenCO$406,995Foothills Regional Housing / Jefferson County Housing Authority
Riverwalk HomesJolietIL$10,000,000Holsten Real Estate Development Corp.
Lakeside Tower ApartmentsWaukeganIL$9,000,000SAA | EVI
Roosevelt TowersCambridgeMA$4,620,000Cambridge Housing Authority
Crestview Village ApartmentsLibertyMO$2,880,000POAH
Norwich II ApartmentsToledoOH$4,620,000American Community Developers
Byrneport ApartmentsToledoOH$6,000,000American Community Developers
Washington ParkCincinnatiOH$2,220,000POAH
Pageland Place ApartmentsPagelandSC$3,000,000American Community Developers
Summit at Central Village ApartmentsPlainviewTX$5,040,000ZG Companies
Stuart Gardens II ApartmentsNewport NewsVA$10,000,000Vitus
This post was originally published here.