Energy and Green Retrofit for HUD-assisted Housing

ARRA provided $250 million for a new program called the Green Retrofit Program (GRP). It will provide grants and loans on a competitive basis for owners of properties assisted with project-based Section 8, Section 202 (elderly), or Section 811 (disabled). The grants or loans can be used to make energy and green retrofit investments and to ensure the maintenance and preservation of the property. In return for the added assistance, owners must agree to extend affordability period for at least another 15 years. Owners must spend funds within two years. The Office of Affordable Housing Preservation (OAHP) in HUD’s Office of Multifamily Housing administers GRP.

HUD Notice H-09-02, issued on May 13, 2009, announced that HUD will begin accepting GRP applications on June 15 on a first-come, first-served basis.  GRP grants or loans can be up to $15,000 per unit.  Projects are expected to be completed within 12 months and in no event should work extend more than 24 months.  Though the GRP is a distinct program, it shares some elements of the existing "Mark-to-Market Green Initiative". In some instances, OAHP may make Green Retrofit funds contingent on the owner’s agreement to a Mark-to-Market debt restructuring.

HUD’s ARRA Energy and Green Retrofit webpage,
http://portal.hud.gov/portal/page?_pageid=153,7973195&_dad=portal&_schema=PORTAL

• HUD's GRP Overview
  http://portal.hud.gov/pls/portal/docs/PAGE/RECOVERY/PROGRAMS/GREEN_RESOURCES/GREEN%20RETROFIT%20PROGRAM%201-PAGE%20OVERVIEW%2005-13-09.PDF

• HUD Notice H-09-02 implementing GRP,
  http://portal.hud.gov/pls/portal/docs/PAGE/RECOVERY/PROGRAMS/GREEN_RESOURCES/GREEN%20RETROFIT%20PROGRAM%20FOR%20MULTIFAMILY%20HOUSING
  %20-%20FINAL%20NOTICE%205-13-09.PDF
  
  
• HUD's Green Retrofit Program (GRP) Webinar Slides 
  
  
  - May 13, 2009, http://portal.hud.gov/portal/page?_pageid=153,8006808&_dad=portal&_schema=PORTAL
  
  - June 10, 2009, go to GRP main page, scroll down the "Resources" column on the right 
  http://portal.hud.gov/portal/page?_pageid=153,7973195&_dad=portal&_schema=PORTAL
  
  
  
• Frequently Asked Questions
   
  - FAQs, Program to Date, go to the GRP page and look at the "Resources" column on the right, http://portal.hud.gov/portal/page?_pageid=153,7973195&_dad=portal&_schema=PORTAL
   
  - FAQs, Today's New Questions, go to the GRP page and look at the "Resources" column on the right,
  http://portal.hud.gov/portal/page?_pageid=153,7973195&_dad=portal&_schema=PORTAL
   
  - FAQs, Mark to Mark and GRP,
  http://portal.hud.gov/pls/portal/docs/PAGE/RECOVERY/PROGRAMS/GREEN_RESOURCES/QA%20FOR%20USING%20GRP%20IN%20A%20M2M%20RESTRUCTURING.PDF
   
  

HUD’s Office of Multifamily Housing webpage, www.hud.gov/offices/hsg/hsgmulti.cfm