Sign Up For Novogradac Industry Alert Emails

HUD Extends Deadline of GRRP Elements Cohort Until March 28

Tuesday, December 19, 2023 - 1:08PM

The U.S. Department of Housing and Urban Development (HUD) is extending the deadline for Wave 3 of the Green and Resilient Retrofit Program (GRRP) Elements group to March 28, 2024. Previously the deadline was Jan. 4, 2024, but HUD’s deadline is made to allow HUD to process the high volume of applications in recent rounds and accelerate the time between the application submission and awards announcements. The Elements cohort provides gap funding for HUD-assisted multifamily properties with a recapitalization transaction that includes utility efficiency, renewable energy, carbon emission reduction and/or climate resilience measures. There is $140 million in total funding, up to $750,000 per property or $40,000 per unit.

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

Learn more about Novogradac's expertise and many services