HUD Publishes New Green and Resilient Retrofit Program Funding Opportunities
The Department of Housing and Urban Development has announced it is making available funding to support green and resilient retrofits of properties participating in Multifamily Assisted Housing programs. HUD published three Notices of Funding Opportunity (NOFOs) for the Green and Resilient Retrofit Program (GRRP), along with implementation guidance in Housing Notice H 2023-05.
The Inflation Reduction Act of 2022 provided HUD with $837.5 million in grant funding and $4 billion in loan authority for this new program. The bill also included $42.5 million for a new HUD initiative that will launch later this summer to collect and assess energy and water usage data from assisted multifamily housing properties.
Building owners will be able to invest in technologies such as solar panels, heat pumps, wind-resistant roofing and other measures that will reduce greenhouse gas emissions and make properties healthier and safer for residents in the face of more severe weather and a changing climate.
The program’s NOFOs and Housing Notice detail the multiple grant and loan funding options building owners can apply for, which are designed to meet the needs of applicants with varying levels of expertise with green retrofits.
If you are an owner who receives HUD assistance through Sections 202, 811, Section 8 project-based rental assistance, or certain other small programs, you may be eligible for a grant or loan award under one of three categories:
- Elements Awards targets properties that are already advanced in a rehabilitation transaction and need gap financing to fund specific utility-efficient or resilient elements.
- Leading Edge Awards target properties that are in early stages of recapitalization planning. These awards fund projects that will achieve a high-level third-party green certification, such as Phius ZERO REVIVE.
- Comprehensive Awards will target properties with high needs where HUD-procured Multifamily Assessment Contractors will support owners by commissioning third-party reports and assessments to develop a scope of work. The resulting plan will include whole-building retrofits to incorporate green retrofit and resilient design elements.
HUD is hosting a live webinar on the full scope of the GRRP on Tuesday, May 23, 2023 at 2 p.m. EST
Latest from NAHBNow
Economics
Dec 11, 2025
Fed Eases Monetary PolicyThe central bank’s Federal Open Market Committee (FOMC) cut rates a third and final time in 2025, reducing the target range for the federal funds rate by 25 basis points to a 3.5% to 3.75% range. This reduction will help reduce financing costs of builder and developer loans.
Sponsored Content
Dec 10, 2025
How Builders Can Find Infill Land to Boost Margins in 2026Infill opportunities exist, but the challenge is finding them before the competition moves in or prices go up. Having access to the right technology can streamline the grind and help builders protect their margins in a tight market.
Latest Economic News
Economics
Dec 09, 2025
Mortgage Activity Continued to Climb in NovemberMortgage activity continued to climb in November, posting the largest year-over-year increase in more than five years. Every major category increased on a year-over-year basis as mortgage rates continue to trend lower, led by strong increases in refinancing and adjustable-rate mortgage activity.
Economics
Dec 08, 2025
Community Associations: A Growing Trend in 2024In 2024, 65.7% of all new single-family homes started were built within a community or homeowner’s association. This share increased from the 64.8% recorded in 2023, according to data tabulated from the Census Bureau’s Survey of Construction (SOC).
Economics
Dec 05, 2025
Mortgage Rates Continue to Trend Lower in NovemberThe average mortgage rate in November continued to trend lower to its lowest level in over a year. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.24% in November, 2 basis points (bps) lower than in October. Meanwhile, the 15-year rate increased 3 bps to 5.51%.