On January 8th, HUD issued updated guidance (Housing Notice 2024-01) (the “Supplemental Notice”) for the Green and Resilient Retrofit Program (“GRRP”). The Supplemental Notice amends Housing Notice 2023-05 (the “Initial Notice”) to add flexibility in response to industry feedback and implement certain administrative changes. GRRP is a nearly $5 billion federal investment authorized under the 2022 Inflation Reduction Act to enhance energy and water efficiency and reduce carbon emissions among HUD’s assisted housing portfolio. To date, HUD has announced grant and loan awards totaling nearly $295 million across the Elements, Leading Edge, and Comprehensive Award cohorts and additional application windows are open in 2024.
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