Green Building is an approach to sustainable development that is designed to result in a property that reduces energy demand, costs less to operate, improves the residents' quality of life, and reduces its impact on the environment. This Notice uses the terms "Green Retrofit Program" and "GRP" to refer to the various authorities discussed above. Issuance of this Notice implements the Green Retrofit Program.
Grants and loans will be made available through HUD's Office of Affordable Housing Preservation (OAHP) for eligible property owners to make energy and green retrofit investments in the property, to ensure the maintenance and preservation of the property, the continued operation and maintenance of energy efficiency technologies, and the timely expenditure of funds.
Physical and financial analyses of the properties will be conducted to determine the size of each grant and loan. Incentives will be made available to participating owners. The terms of the grants or loans will include continued affordability agreements. Grant and loan funds must be spent by the receiving property owner within two years. Full detail of how to apply, and grant and loan terms, will be published in a Housing Notice on May 13, 2009.
Green Retrofit Program (GRP) for Section 202, Section 811, and Project Based Section 8
Information from HUD
All materials noted as being available from the GRP web site may be found at http://portal.hud.gov/pls/portal/url/page/recovery/programs/green or www.hud.gov/recovery .
Grants and loans will be made available through HUD's Office of Affordable Housing Preservation (OAHP) for eligible property owners to make energy and green retrofit investments in the property, to ensure the maintenance and preservation of the property, the continued operation and maintenance of energy efficiency technologies, and the timely expenditure of funds.
Physical and financial analyses of the properties will be conducted to determine the size of each grant and loan. Incentives will be made available to participating owners. The terms of the grants or loans will include continued affordability agreements. Grant and loan funds must be spent by the receiving property owner within two years. Full detail of how to apply, and grant and loan terms, will be published in a Housing Notice on May 13, 2009.
Green Retrofit Program (GRP) for Section 202, Section 811, and Project Based Section 8
Information from HUD
All materials noted as being available from the GRP web site may be found at http://portal.hud.gov/pls/portal/url/page/recovery/programs/green or www.hud.gov/recovery .