The Department of Housing and Urban Development on June 25 announced the latest round of funding awards for the Green and Resilient Retrofit Program (GRRP), including millions in funding awards to LeadingAge housing provider members. LeadingAge is a strong supporter of HUD’s green grants and loans program, which has now awarded more than $754 million for energy efficiency and climate resilience retrofits impacting more than 16,400 rental homes across HUD’s Multifamily Housing portfolio.
The June 25 announcement represents the third set of funding awards under HUD’s “Comprehensive” GRRP cohort, which provides funding to highest need properties. Three of the 17 properties awarded in this round (and 24 of 139 properties awarded overall) participate in HUD’s Section 202 Supportive Housing for the Elderly program. Congratulations to the New Haven Jewish Community Housing Corporation and National Church Residences.
The final GRRP application window closes July 31 for Elements Awards, which can provide up to $750k per property or $40k per unit for added elements like high-efficiency windows and rooftop solar panels, in a recapitalization transaction that is already underway. More information here.