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The Department of Housing and Urban Development has opened its first round of funding applications for the Green and Resilient Retrofit Program, or GRRP, which will provide a total of $4.8 billion in direct loans and grants for HUD-assisted multifamily properties to fund green, energy-efficient and resiliency renovation projects.
The housing agency published a set of guidelines and qualifications for potential applicants to the GRRP, including information on each of its “cohorts,” or funding paths. The program is only available for properties with a project-based HUD rental assistance contract, including Section 8, among others.
The GRRP was first established under the Inflation Reduction Act, which was signed into law in August 2022. The act provided $1 billion to HUD’s Office of Multifamily Housing Programs in order to implement the project, according to a press release.
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