HUD Awards $100 Million for Housing Efficiency Retrofits
August 25, 2010
The U.S. Department of Housing and Urban Development (HUD) on August 19 awarded more than $100 million in American Recovery and Reinvestment Act funds to complete energy efficient renovations of 100 affordable housing developments in 31 states and Washington, D.C. The awards, which include 8,112 residences, are part of HUD's Green Retrofit Program, which is providing $250 million nationally from the Recovery Act to reduce energy costs, cut water consumption, and improve indoor air quality. The awards announced are the first grants and loans awarded through the program, with the remaining awards rolled out through September 30.
Funds from the retrofit program help private property owners and property management companies to cut heating and air conditioning costs such as by installing more efficient heating and cooling systems. The renovations are designed to create upgrades to thousands of affordable apartments, to save money for residents, and to create jobs. See the HUD press release and the full list of award selections (PDF 213 KB). Download Adobe Reader.