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HUD Announces Awardees for GRRP Comprehensive, Elements Categories

Thursday, December 21, 2023 - 1:34PM

The U.S. Department of Housing and Urban Development (HUD) today awarded nearly $175 million in grant funding and loan commitments to 30 HUD-assisted multifamily properties under the Green and Resilient Retrofit Program (GRRP). The awardees included the first cohort of 19 properties under the GRRP’s Comprehensive category, which funds properties with the highest need for climate resilience and energy efficiency upgrades. Another 11 properties won awards under the GRRP Elements category, which funds property owners to include climate resilience and energy and water efficiency improvements as part of a development or rehabilitation that is already in process. 

An article in the Novogradac Journal of Tax Credits explains the key issues in the GRRP.

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