The NJ board of public utilities (NJBPU) plans to allocate 100% of its her funds to its "M-rise" program for majority low-income multifamily buildings
Active Formula Grant Awarded Last action
- Award ID
- DESE0000051
- Recipient
-
New Jersey Department Of Treasury UEI K3SGJLGNHEZ4
- Awarding agency
-
Office of Energy Efficiency and Renewable Energy
Department of Energy
- Obligated
- $91,654,709
Award facts
- Assistance listing
- 81.041 State Energy Program
- Completion date 37% complete
- Funding agency
- Department of Energy
- Place of performance
- New Jersey, USA
Award details come from USAspending.gov.
Description
The scope and design of M-rise (focused on delivering "whole building" energy efficiency upgrades to low-income multifamily buildings) has been targeted to address the need within new jersey's housing supply. New jersey's existing set of energy efficiency programs have minimal uptake in this part of the market, where capital constraints can frequently be an inhibitor to projects moving forward. The overarching goal of M-rise is to increase funding to these projects so they can move forward, and the tenants can benefit from the same type of energy efficiency upgrades single family and more moderate-income households have been able to install.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $0 | |
| Original award | $91,654,709 |
Subawards
| Subrecipient | Amount | Awarded |
|---|---|---|
| Resource Smart LLC | $37,908 | |
| Resource Smart LLC | $30,326 | |
| Resource Smart LLC | $53,825 |
Quick answers
Who received award DESE0000051?
DESE0000051 was awarded to New Jersey Department Of Treasury by Office of Energy Efficiency and Renewable Energy (Department of Energy) on January 1, 2025.
How much is award DESE0000051 worth?
$91,654,709 has been obligated on DESE0000051.
Which agency awarded DESE0000051?
Office of Energy Efficiency and Renewable Energy (Department of Energy) awarded DESE0000051, with funding from Department of Energy.
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