Energy Efficiency Incentives
Grants for energy efficiency in the HUD-assisted, project-based, multifamily stock.
As part of the American Recovery and Reinvestment Act (ARRA), HUD
was granted authority to provide $250 million in grants and loans and
other assistance to increase energy efficiency in the HUD-assisted,
project-based, multifamily stock.
HUD will begin accepting application for the Green Retrofit Program (GRP) beginning June 15, 2009. The amount of a green retrofit grant or loan can be up to $15,000 a unit and is expected to average less than $10,000 a unit across all funded projects. Though the requirements and details differ by eligible housing program, in general, the funds are to be used to reduce ongoing utility consumption, benefit resident health, or to benefit the wider environment. The projects are expected to be completed within 12 months and in no event should work extend more than 24 months.
The program is being administered by HUD's Office of Affordable Housing Preservation (OAHP), which also operates the Mark-to-Market Green Initiative. Though the GRP is a distinct program, it shares some elements of the existing program, including some of the Mark-to-Market terminology. In some instances, OAHP may make Green Retrofit funds contingent on the owner's agreement to a Mark-to-Market debt restructuring.
Full details, including a list of eligible programs and activities, can be found in Housing Notice 09-02, released May 13, 2009, and is available at http://portal.hud.gov/portal/page?_pageid=153,7940934&_dad=portal&_schema=PORTAL
Edited by Carolyn Allen, Managing Editor of Solutions For Green