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Provides funding for direct loans and grants to fund projects that improve energy or water efficiency, enhance indoor air quality or sustainability, implement the use of zero-emission electricity generation, low-emission building materials or processes, energy storage, or building electrification strategies, or address climate resilience, of eligible HUD-assisted multifamily properties.
There is also funding available under this provision for HUD’s benchmarking initiative that will finance Energy and Water benchmarking of HUD-assisted properties to measure usage and efficiency of those properties. Owners do not have to receive a grant or loan under GRRP to participate in HUD’s Benchmarking Initiative. Eligible owners primarily include owners receiving HUD rental assistance under Multifamily Section 8 project-based rental assistance, Section 202 Supportive Housing for Low-Income Elderly, and Section 811 Supportive Housing for Low-Income Persons with Disabilities.