$837M in HUD Grants Aims to Enhance Sustainability in Low-Income Residential Buildings
The U.S. Department of Housing and Urban Development (HUD) announced on Thursday that it is making available $837.5 million in grants to help owners of HUD-assisted multifamily properties retrofit their buildings with energy-saving and environmentally-friendly technologies. The new funding is part of President Biden’s Investing in America agenda to “rebuild the economy from the bottom up and the middle out.”
The grants will be available to properties that serve low-income residents and can be used to install a variety of energy-efficient technologies, including solar panels, heat pumps, wind-resistant roofing, and insulation. These technologies can help to reduce energy costs, improve air quality, and make buildings more resilient to climate change.
HUD Secretary Marcia Fudge announced the new program at a news conference at the Dunn Family Co-op Apartments in Center Line, Michigan. “This is not a little bit of money,” Fudge said. “This is a whole lot of money and it is for you. It’s always the people we represent who are left out. But not today. Today, you are No. 1.”
The new program is part of HUD’s Green and Resilient Retrofit Program. Applications for grants will be accepted beginning on Thursday.
The funding for the HUD grants comes from the Inflation Reduction Act, which was signed into law last year. The act also provides HUD with $4 billion in loan commitment authority for the new program.
“Today’s announcement is a central part of President Biden’s agenda because it shows that clean energy is for everyone,” said John Podesta, senior advisor to the President for Clean Energy Innovation and Implementation. “It’s not just an esoteric debate in Washington. It really is going to help people around the country.”
Officials said Thursday that the Center Line apartment complex was chosen as the backdrop for making the announcement because its owner, a non-profit called CSI Support & Development, has been making significant investments in making its units more energy-efficient and serves a model of what property owners can do with the new HUD grant.
“What happens so often in this country is that as housing units get modernized, people of low-income get the latest amenities last and least,” said Detroit Mayor Mike Duggan. “What the President has done through the Inflation Reduction Act is make sure people of all income can benefit.”
The new HUD grant program is expected to help to make millions of homes more energy-efficient and reduce greenhouse gas emissions. It is a significant step forward in the Biden administration’s efforts to address climate change and build a more equitable and sustainable housing system.