U.S. Housing and Urban Development (HUD) announced that nearly 200 apartment units in New York City will become more energy efficient as the result of $3.6 million in funding being awarded today to Jonathan Rose Companies, a New York-based property owner and developer. It is the first award to be announced under HUD’s new Green Retrofit Program (GRP) for Multifamily Housing, created through the American Recovery and Reinvestment Act of 2009. The Green Retrofit Program is providing $250 million nationally to reduce energy costs, cut water consumption, and improve indoor air quality. Additional grant awards will be made under this program over the next few months on a rolling basis.
NH&RA’s Council For Energy Friendly Affordable Housing has been working closely with HUD and Congress to create incentives to help multifamily housing owners improve the energy and utility performance of the nation’s affordable housing stock. NH&RA was a leading advocate for the GRP and is currently working with Congress to create additional incentives. Click here to learn more about CEFAH
