The NJ board of public utilities (NJBPU) plans to allocate ~85% of hear funds to our M-rise program for majority low-income multifamily buildings
Active Formula Grant Awarded Last action
- Award ID
- DESE0000107
- Recipient
-
New Jersey Department Of Treasury UEI K3SGJLGNHEZ4
- Awarding agency
-
Office of Energy Efficiency and Renewable Energy
Department of Energy
- Obligated
- $91,307,380
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 multifamily buildings with low- and moderate-income residents) have been targeted to address the need within new jersey's housing supply. New jersey's existing energy efficiency programs have minimal uptake in this part of the market, where capital constraints can 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 | $91,307,380 |
Subawards
| Subrecipient | Amount | Awarded |
|---|---|---|
| Resource Smart LLC | $61,233 | |
| Resource Smart LLC | $44,539 | |
| Resource Smart LLC | $54,539 | |
| Resource Smart LLC | $59,646 | |
| Resource Smart LLC | $34,490 |
Quick answers
Who received award DESE0000107?
DESE0000107 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 DESE0000107 worth?
$91,307,380 has been obligated on DESE0000107.
Which agency awarded DESE0000107?
Office of Energy Efficiency and Renewable Energy (Department of Energy) awarded DESE0000107, with funding from Department of Energy.
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