HUD Promotes Power Potency and Local weather Resilience for New York Households

HUD Promotes Power Potency and Local weather Resilience for New York Households

The U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it has completed a $192,000 loan transaction under the Green and Resilient Retrofit Program (GRRP) with L+M Fund Management to help finance energy efficiency and climate resilience renovations of the Revive 103 apartment community in New York, New York. This is the first transaction closing of a GRRP award in New York, with loan funds incorporated into the construction project to increase the energy efficiency and climate resiliency of the property.