HUD Announces $837M for Green and Resilient Retrofit Program for Multifamily Housing
Eligible applicants: * . Applications are due: Mar 28, 2024
Announcement Type: Notice of Funding Opportunity
Opportunity:
Green and Resilient Retrofit Program (GRRPE):
Elements Department of Housing and Urban Development
Leading Edge Department of Housing and Urban Development
Comprehensive Department of Housing and Urban Development
Overview and Eligible Uses:
The Green and Resilient Retrofit Program (GRRP) is a HUD-funded initiative authorized by the Inflation Reduction Act of 2022. It aims to improve energy efficiency, water efficiency, and climate resilience in affordable housing, focusing on HUD-assisted multifamily communities serving low-income families. GRRP offers funding through three cohorts:
Elements: provides modest awards designed to add proven and highly impactful climate resilience and carbon reduction measures to the construction scopes of in-progress recapitalization transactions.
Leading Edge: provides funding to Owners aiming to quickly meet ambitious carbon reduction and resilience goals without requiring extensive collaboration with HUD.
Comprehensive: provides funding to initiate recapitalization investments designed from inception around deep retrofits, focused on innovative energy efficiency and greening measures, renewable energy generation, use of structural building materials with lower embodied carbon, and climate resilience investments.
Amount: The Elements NOFO anticipates 200 awards with a total funding of $140 million, the Leading Edge NOFO expects around 100 awards with a total funding of $400 million, and the Comprehensive NOFO aims for 300 awards utilizing a total funding of $1.4 billion
Award Type: Grant and/or Loan
Eligible Applicants:
An entity is an Eligible Applicant and may apply under this NOFO if it:
Owns a property that is assisted under one of the following forms of assistance contract with HUD:
Project-Based Rental Assistance (PBRA) Housing Assistance Payments (HAP) Contracts
Section 202 of the Housing Act of 1959 (12 U.S.C. 1701q) and Section 202 of the Housing Act of 1959 (former 12 U.S.C. 1701q)
Section 811 of the Cranston-Gonzalez National Affordable Housing Act (42 U.S.C. 8013) (“Section 811”),
Section 236 of the National Housing Act (12 U.S.C. 1715z-1) which are receiving Section 236 Interest Reduction Payments (IRP)
Has a signed purchase agreement, purchase option, or an agreement or option to enter into a long-term ground leasehold interest (more than 50 years) for a property assisted under the programs listed above, provided that
Key Dates: Applications are due Mar 28, 2024 for the Elements NOFO, on April 30, 2024 for the Leading Edge NOFO and May 30, 2024 for the Comprehensive NOFO
Key Links:
Elements Grants.gov opportunity
Leading Edge Grants.gov opportunity
Comprehensive Grants.gov opportunity
For a full list of currently available grant programs under the Infrastructure Law and other helpful tools, take a look at our Helpful Resources page.
This tracker will continue to send updates when new funding opportunities are announced.