HUD Publishes New Green and Resilient Retrofit Program Funding Opportunities
The Department of Housing and Urban Development has announced it is making available funding to support green and resilient retrofits of properties participating in Multifamily Assisted Housing programs. HUD published three Notices of Funding Opportunity (NOFOs) for the Green and Resilient Retrofit Program (GRRP), along with implementation guidance in Housing Notice H 2023-05.
The Inflation Reduction Act of 2022 provided HUD with $837.5 million in grant funding and $4 billion in loan authority for this new program. The bill also included $42.5 million for a new HUD initiative that will launch later this summer to collect and assess energy and water usage data from assisted multifamily housing properties.
Building owners will be able to invest in technologies such as solar panels, heat pumps, wind-resistant roofing and other measures that will reduce greenhouse gas emissions and make properties healthier and safer for residents in the face of more severe weather and a changing climate.
The program’s NOFOs and Housing Notice detail the multiple grant and loan funding options building owners can apply for, which are designed to meet the needs of applicants with varying levels of expertise with green retrofits.
If you are an owner who receives HUD assistance through Sections 202, 811, Section 8 project-based rental assistance, or certain other small programs, you may be eligible for a grant or loan award under one of three categories:
- Elements Awards targets properties that are already advanced in a rehabilitation transaction and need gap financing to fund specific utility-efficient or resilient elements.
- Leading Edge Awards target properties that are in early stages of recapitalization planning. These awards fund projects that will achieve a high-level third-party green certification, such as Phius ZERO REVIVE.
- Comprehensive Awards will target properties with high needs where HUD-procured Multifamily Assessment Contractors will support owners by commissioning third-party reports and assessments to develop a scope of work. The resulting plan will include whole-building retrofits to incorporate green retrofit and resilient design elements.
HUD is hosting a live webinar on the full scope of the GRRP on Tuesday, May 23, 2023 at 2 p.m. EST
Latest from NAHBNow
Economics
Jun 09, 2026
Regulatory Costs Jump 40% in Five Years, Add $131,734 to New Home PricesA new study by NAHB finds that regulations at the federal, state and local levels add $131,734 to the cost of a new single-family home—26.4% of the average sales price of $499,500 as of January 2026.
Sponsored Content
Jun 08, 2026
7 Reasons Why Visibility Is Your Most Underrated Competitive Advantage Right NowIn slower markets, the builders who keep showing up often win — not because they're the loudest, but because they never go quiet. Those who have figured out the capital side of the business are more likely to maintain visibility.
Latest Economic News
Economics
Jun 09, 2026
Existing Home Sales Increased in MayExisting home sales rose to a five-month high in May as more first-time buyers stepped back into the market. The share of first-time buyer reached 35% in May, the highest since June 2020. However, sales remained weak compared to historical norms, with still-tight inventory continued to push up home prices.
Economics
Jun 08, 2026
Mortgage Applications Retreat in May, with ARMs Gaining ShareMortgage application activity declined again in May as higher mortgage rates continued to suppress the market, although adjustable-rate mortgages (ARM) gained some traction. According to the Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of total mortgage application volume, applications fell 5.5% month-over-month in May on a seasonally adjusted basis.
Economics
Jun 05, 2026
U.S. Labor Market Remains Resilient in MayDespite rising inflation and ongoing economic uncertainty, the U.S. labor market remained resilient in May. Nonfarm payrolls increased for the third consecutive month, and the unemployment rate held steady at 4.3%.