May 8, 2024

HUD: $750,000 Invested to Boost Energy Efficiency and Climate Resilience for Low-Income Senior Housing in Tennessee

The grant will finance renovations to make residents’ homes safer and help combat the nation’s climate crisis.

Today, the U.S. Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs, announced it has completed a $750,000 grant transaction under the Green and Resilient Retrofit Program (GRRP) with Wesley Living of Tennessee. The transaction will be used to finance energy efficiency and climate resilient renovations of the Woodland Homes apartment community in Lexington, Tennessee. This represents the incorporation of a GRRP award into a construction project to increase the energy efficiency and climate resilience of the property.

“Supporting sustainable and affordable homes for all is at the core of our mission,” said HUD Acting Secretary Adrianne Todman. “The completion of this transaction under GRRP in support of a low-income senior housing community in rural Tennessee is just one example of our investments into climate resilience for communities across the country.”

Woodland Homes is a 61-unit, 15-building apartment community serving very low-income seniors. HUD provides project-based rental assistance to 60 of the households at the property. Originally constructed in 1920 and last renovated in 2011, the property is undergoing a $5.09 million dollar rehabilitation to upgrade the electrical system at the property, replace roofs, and perform additional building envelope improvements. Wesley Living will use HUD’s GRRP funding to supplement transformer upgrades for electrification work, and to replace the existing gas fired furnace with split HVAC systems.

“We are pleased to complete this Green and Resilient Retrofit Program funding transaction with Wesley Living to help upgrade the property, reduce carbon emissions, and make residents’ homes safer and more energy efficient,” said Deputy Assistant Secretary for Multifamily Housing Programs Ethan Handelman. “Funding this work in Tennessee and similar properties throughout the country to improve the lives of residents is exactly what the program was designed to do.”

About GRRP
Funded under the Inflation Reduction Act, GRRP provides funding for direct loans and grants to make improvements to HUD-subsidized properties serving very low-income families, seniors, and persons with disabilities. Properties were selected through three distinct funding opportunities designed to meet the diverse needs of properties across the country. Funding can be used to improve energy or water efficiency, enhance indoor air quality, install zero-emission electricity generation and energy storage equipment, acquire low-emission building materials, implement building electrification strategies, or address and improve climate resilience. The program seeks to amplify recent technological advancements in energy and water efficiency and to bring a new focus on preparing for climate hazards by reducing residents’ and properties’ exposure to hazards and by protecting life, livability, and property when disaster strikes.

HUD has offered funding through three GRRP award types targeting HUD-subsidized affordable housing:

FACT SHEET: Green and Resilient Retrofit Program Progress to Date

More program information is available on the GRRP Website.

This post was originally published here.