The U.S. Department of Housing and Urban Development (HUD) is offering the Green and Resilient Retrofit Program (GRRP) Leading Edge Modification funding opportunity for FY2024. This program provides grants or surplus cash loans to owners of HUD-assisted multifamily properties to make investments in energy efficiency, renewable energy generation, and climate resilience strategies. Eligible applicants must be pursuing high-level green building certifications such as LEED, Passive House, or Zero Energy. Applications will be accepted in four review periods with deadlines of 7/31/2023, 10/31/2023, 1/31/2024, and 5/15/2024. Proposals will be evaluated based on the property's current utility inefficiency.
This NOFO makes approximately $400 million available, with individual awards of up to $10 million per property or $60,000 per unit. The program aims to enable owners to quickly meet ambitious carbon reduction and resilience goals without extensive collaboration with HUD. Eligible properties must be HUD-assisted multifamily housing located within the United States.
Generated 5/17/24, 6:11 AM