Recent Fair Housing News:
HUD Announces $837.5 Million from President Biden’s Investing in America Agenda to Improve Housing Quality and Reduce Energy Costs for Underserved Communities
The May 11, 2023 NOFA provides new funding from the Inflation Reduction Act of 2022 and $4 billion in loan commitment authority will make HUD-assisted multifamily housing more energy efficient, cut greenhouse gas emissions, and improve climate resiliency. The availability of new funding through the Green and Resilient Retrofit Program (GRRP) will reduce greenhouse gas emissions and improve the energy and water efficiency and climate resilience of HUD-assisted multifamily properties serving low-income residents.
The Act provided HUD with $837.5 million in grant and loan subsidy funding, $4 billion in loan commitment authority for this new program, and $42.5 million for a new HUD initiative launching later this summer to collect and assess energy and water usage data from HUD-assisted multifamily housing properties to better target opportunities to save energy and water, cut costs, and reduce emissions. Building owners will be able to invest in technologies, such as solar panels, heat pumps, wind-resistant roofing, insulation, low embodied carbon materials, and other measures that will reduce greenhouse gas emissions and make properties healthier and safer for residents.
