23/07/2024 | Press release | Distributed by Public on 23/07/2024 18:19
HUD No. 24-190 HUD Public Affairs (202) 708-0685 |
FOR RELEASE Tuesday July 23, 2024 |
As part of President Biden's Investing in America Agenda, HUD announces new awards for climate resilience and energy efficiency renovations.
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced $19 million in new grant and loan awards to 32 properties under its Green and Resilient Retrofit Program (GRRP). These grants and loans will support significant energy efficiency and climate resilience renovations in more than 4,260 homes occupied by low-income individuals, families, and seniors. Today's awards bring the total funding awarded under this program to more than $773 million, serving 20,752 homes. HUD's Deputy Assistant Secretary for Multifamily Housing Programs Ethan Handelman announced this new funding today at a press conference at Plymouth Square Village in Detroit, Michigan, which will receive a $750,000 loan to make crucial climate resilience and energy efficiency enhancements.
"The Biden-Harris Administration is ensuring that our country's housing stock is not only affordable, but also resilient and energy-efficient," said HUD Acting Secretary Adrianne Todman. "Today, we are awarding crucial funds to renovate thousands of homes, making enhancements such as improved indoor air quality and integrating renewable energy sources. These changes are not trivial - they will reduce costs and increase the quality of life of the people we house."
This round of funding includes awards for properties in 18 states, including the first award in Vermont. The funding announced today will increase energy and water efficiency, reduce climate pollution, generate renewable energy and reduce emissions, promote the use of low embodied carbon materials, and improve the quality of life for residents by making their homes more resilient to climate risks and by improving indoor air quality.
"These awards once again demonstrate the Biden-Harris Administration's commitment to affordable housing preservation and climate resilience," said Assistant Secretary for Housing Julia Gordon. "We're investing funds that will improve the homes and lives of thousands of lower income individuals and families and make a real difference in areas where investment has lagged for far too long."
All of the investments announced today will advance environmental justice in line with President Biden's Justice40 Initiative, which sets a goal that 40 percent of the overall benefits of certain federal investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. Retrofitting these homes will reduce their emissions, make them more resilient to extreme weather events, cut energy costs, and advance the President's housing and clean energy agenda, ensuring affordable housing stays affordable for residents and building owners across the nation.
President Biden's Inflation Reduction Act-the largest climate investment in history-established the GRRP in 2022 to fund energy efficiency, electrification, clean energy, and climate resiliency improvements for HUD's assisted rental portfolio.
The grants and loans announced today are the third set of awards made under the GRRP's Elements category, which provides funding to properties for proven and meaningful climate resilience and utility efficiency measures in projects that are already in the process of being recapitalized. Of the 32 properties receiving Elements awards today, 29 are properties that participate in the HUD Section 8 project-based rental assistance program for low-income individuals and families and three properties participate in HUD's Section 202 project-based rental assistance program for low-income seniors. Six properties have more than 200 units, 22 properties have between 51-200 units, and four properties have 50 or fewer units.
FACT SHEET: Green and Resilient Retrofit Program Progress to Date
Green and Resilient Retrofit Program Background Detail
The GRRP Notices of Funding Opportunity (NOFO) and additional guidance detail the multiple funding options for which property owners may apply:
Green and Resilient Retrofit Program Elements 3 Awards
July 23, 2024
Property Name
|
Property
City |
Property
State |
Award Type
|
Award Amount
|
Developer
|
North Port | Port Huron |
MI
|
Loan
|
$479,386
|
Jonathan Rose |
Cambridge Towers | Detroit |
MI
|
Loan
|
$558,317
|
Jonathan Rose |
Plymouth Square | Detroit |
MI
|
Loan
|
$750,000
|
Jonathan Rose |
Willa Rawls Manor | Chicago |
IL
|
Loan
|
$563,325
|
Essence Development |
Bay Terrace Apartments | Baytown |
TX
|
Grant
|
$750,000
|
Atrium Housing Inc. |
Lafayette Senior Apartments (Lafayette Towne - Phase I) | St. Louis |
MO
|
Grant
|
$750,000
|
Skyline |
Lafayette Family Apartments (Lafayette Towne - Phase II) | St. Louis |
MO
|
Grant
|
$748,763
|
Skyline |
The Village of Westland | Westland |
MI
|
Loan
|
$750,000
|
Hampden Park |
Duncan Village Apartments | Duncan |
SC
|
Grant
|
$750,000
|
American Community Developers |
Cedarville Senior Lofts | Cedarville |
OH
|
Loan
|
$750,000
|
Hampden Park |
Winter Valley Residences II | Milton |
MA
|
Grant
|
$750,000
|
Hampden Park |
Camelot Apartments | Waterloo |
IA
|
Loan
|
$750,000
|
Huntley Witmer |
Crossroads Square Apartments | Waterloo |
IA
|
Loan
|
$750,000
|
Huntley Witmer |
Nazareth Towers | Columbus |
OH
|
Grant
|
$750,000
|
Housing Preservation Inc |
Pocasset Manor | Providence |
RI
|
Grant
|
$302,106
|
POAH |
Lexington Park Apartments | Norfolk |
VA
|
Grant
|
$750,000
|
Standard Communities |
8330 On the River | Detroit |
MI
|
Grant
|
$729,960
|
POAH |
Brown Park Estates | Shreveport |
LA
|
Cash Loan
|
$522,582
|
Brown Park Estates II LP/Fairfield Property Management |
Ken Mar | Martinsville |
IN
|
Grant
|
$749,881
|
Housing Preservation Inc |
Crown Oak Estates | Penfield |
NY
|
Grant
|
$750,000
|
Silver Tree Residential |
St. Mark's Towers | Brunswick |
GA
|
Grant
|
$750,000
|
Housing Preservation Inc |
RJ Schill Apartments | Ellwood City |
PA
|
Grant
|
$340,300
|
Tredway |
Danish Village | Rochester Hills |
MI
|
Grant
|
$369,000
|
Redwood Housing |
PRC Simpson | Bronx |
NY
|
Grant
|
$750,000
|
Fairstead |
Shoreview Apartments | San Francisco |
CA
|
Loan
|
$392,599
|
Related Affordable |
La Salle Apartments | San Francisco |
CA
|
Loan
|
$375,137
|
Related Affordable |
Bayview Apartments | San Francisco |
CA
|
Loan
|
$303,176
|
Related Affordable |
All Hallows | San Francisco |
CA
|
Loan
|
$451,352
|
Related Affordable |
Pines at Garden City | Garden City |
GA
|
Loan
|
$368,097
|
Vitus |
Marina Towers | Vallejo |
CA
|
Loan
|
$750,000
|
Vitus |
Fremont Village Apartments | Longview |
WA
|
Grant
|
$194,310
|
Redwood Housing |
Chelsea Williamstown Apartments | Chelsea |
VT
|
Loan
|
$361,108
|
Heritage Housing |
###
HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all.
More information about HUD and its programs is available at www.hud.gov and https://espanol.hud.gov.
You can also follow HUD on Twitter and Facebook or sign up for news alerts on HUD's Email List.
Learn More About HUD's Property Appraisal and Valuation Equity Work