Merak Development, LLC | Member
Woodco, Inc | V.P.
Rite Development, Inc | V.P.
1839 E. Independence #14319
Springfield, MO 65804
P: 417-695-2100 Ext: 101 | F: 417-695-2104
Confidentiality Notice: http://www.woodco.info/disclosure
From: Wanda DeBruler <[email protected]>
Sent: Friday, May 12, 2023 8:12 AM
To: Debruler Inc Web Blog <>
Subject: Multifamily Assisted Housing Program funding
HUD Publishes New Green and Resilient Retrofit Program Funding Opportunities
HUD announced the availability of landmark funding to support green and resilient retrofits of properties participating in Multifamily Assisted Housing programs. HUD published three Notices of Funding Opportunity (NOFOs) for the Green and Resilient Retrofit Program (GRRP) and implementation guidance in Housing Notice H 2023-05. The Inflation Reduction Act of 2022 (IRA) provided HUD $837.5 million in grant funding and $4 billion in loan authority for this new program. The bill also included $42.5 million for a new HUD initiative which will launch later this summer to collect and assess energy and water usage data from assisted multifamily housing properties.
This is the first HUD program to simultaneously invest in utility efficiency, renewable energy generation, and climate resilience strategies in HUD Multifamily Assisted Housing. Building owners can invest in technologies such as solar panels, heat pumps, wind-resistant roofing, and other measures that will reduce greenhouse gas emissions and make properties healthier and safer for residents in the face of more severe weather and a changing climate. The program’s NOFOs and Housing Noticedetail the multiple grant and loan funding options building owners can apply for, which are designed to meet the needs of applicants with varying levels of expertise with green retrofits. If you are an owner who receives HUD assistance through Sections 202, 811, Section 8 project-based rental assistance, or certain other small programs, you may be eligible for a grant or loan award under one of three cohorts:
- Elements Awards targets properties that are already advanced in a rehabilitation transaction and need gap financing to fund specific utility-efficient or resilient elements.
- Leading Edge Awards target properties that are in early stages of recapitalization planning. These awards fund projects that will achieve a high-level third-party green certification, such as Phius ZERO REVIVE.
- Comprehensive Awards will target properties with high needs where HUD-procured Multifamily Assessment Contractors will support owners by commissioning third-party reports and assessments to develop a scope of work. The resulting plan will include whole-building retrofits to incorporate green retrofit and resilient design elements.
Find out which cohort is right for you and access resources including pre-recorded training, fact sheets, application forms, and upcoming events. The Office of Multifamily Housing Programs will also be holding GRRP office hours to answer your questions.