The Department of Housing and Urban Development (HUD) is offering the Green and Resilient Retrofit Program (GRRP) funding through three separate cohorts designed to meet the different needs of HUD's assisted multifamily portfolio. The Comprehensive NOFO provides funding to initiate recapitalization investments designed 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. Eligible applicants are owners of HUD-assisted multifamily properties, and the investments will be made in alignment with the Administration's Justice 40 goals.
Approximately $1.47 billion is available, with a maximum award of $20 million or $80,000 per unit. Properties will be ranked based on climate hazard risk and utility efficiency. Awarded properties must comply with program requirements detailed in Housing Notice H 2023-05. The application deadlines are August 31, 2023, November 30, 2023, February 28, 2024, and June 12, 2024.
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