The Department of Housing and Urban Development is providing $25 million to help multifamily residential properties reduce their energy consumption.
Through the new energy innovation multifamily pilot program, the goal is to develop ideas and mechanisms that could potentially be replicated nationally as well as help create industry standards in the home energy efficiency retrofit market.
“HUD is extremely excited about this pilot program because it aligns with the goals of the Administration to create green jobs and build sustainable communities,” said Acting Federal Housing Commissioner Carol Galante. “The innovations that flow from this pilot program will serve as models to create future industry standards in energy efficiency.
HUD is asking the private sector to develop new innovative approaches to create jobs and help people save energy and money.
“Since these grants will be complemented by private capital, the investors will also have a unique opportunity to become leaders in helping make affordable multifamily homes greener,” said Theodore Toon, Associate Deputy Assistant Secretary for HUD’s Office of Affordable Housing Preservation.
For more information, see the funding notice.
Written by John Yedinak