Formula Grant DESE0000107

Award Date 1/1/25
Completion Date 12/31/29
Dollars Obligated $91M
Funding Federal Agency
Department of Energy
Federal Grant Program
81.041
Assistance Type
Formula Grant
Place of Performance
New Jersey, USA
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The U.S. Department of Energy's State Energy Program (CFDA 81.041) has awarded a $91,654,709 Formula Grant to the New Jersey Department of Treasury, which operates as the New Jersey Board of Public Utilities (NJBPU). The grant funds will be allocated to the NJBPU's "M-RISE" program, which is focused on delivering "whole building" energy efficiency upgrades to majority low-income multifamily buildings across New Jersey. The overarching goal of the M-RISE program is to increase...
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The New Jersey Department of Treasury has been awarded a $91,307,380 Formula Grant from the U.S. Department of Energy's State Energy Program (CFDA 81.041). The grant will fund the NJ Board of Public Utilities' (NJBPU) M-RISE program, which aims to deliver "whole building" energy efficiency upgrades to majority low-income multifamily buildings across New Jersey. This five-year program, running from January 1, 2025 to December 31, 2029, seeks to increase funding for energy efficiency projects in underserved multifamily housing markets where capital constraints have inhibited participation in existing energy efficiency programs. The overarching goal is to provide the same types of energy efficiency upgrades to low- and moderate-income tenants that have been accessible to single-family and more moderate-income households.

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