The EPA’s $27 billion Greenhouse Gas Reduction Fund (GGRF), funded through the Inflation Reduction Act, offers significant opportunities for affordable housing multifamily rental developers. These funds are allocated to support clean energy and climate projects, with a focus on low-income and disadvantaged communities. Developers can benefit by accessing financing for clean technology upgrades, such as solar installations and energy-efficient improvements, which can lower energy costs for tenants and make properties more sustainable.
Developers should engage relevant grant recipients to explore funding opportunities. Learn more here.
- National Clean Investment Fund: Managed by two nonprofits, providing funding for clean energy projects nationwide;
- Clean Communities Investment Accelerator: Supports community lenders that serve low-income and disadvantaged communities; and
- Solar for All: Focuses on expanding solar energy access, particularly in low-income areas.
