United States Department of Housing and Urban Development (HUD)
10/20/11 11:59:59 PM Eastern Time
Funding is available for eligible parties to develop effective means of enhancing the energy efficiency of extant housing units. Grants totaling $25,000,000 will be awarded for these programs in order to stimulate innovative approaches for retrofitting and financing energy saving solutions for multi-family (5 or more units) properties. Among the expected outcomes of this funding opportunity are reduced energy consumption in multifamily residential properties, with resulting savings; lower greenhouse gas emissions; increased private investment to support energy efficiency in such properties; geen jobs in construction, property management, and technical analysis, including job opportunities for low-income people; and acquisition and analysis of data on the costs, benefits, challenges, and opportunities associated with retrofitting such properties.
Two types of programs will be funded as follows:
1. Financing Demonstrations must offer a plan to achieve both of the following: a. leverage additional capital; and b. test new ways of funding retrofit improvements. A few examples of eligible demonstrations are energy retrofit financing vehicles providing investor equity; loan loss reserves; interest rate reductions; secondary financing; loan guarantees; secured and unsecured loans; and energy-related revolving loan programs.
2. Applied Research Demonstrations which demonstrate innovative and scalable methods of defining and implementing a solution to a longstanding barrier to multifamily residential retrofits that is not primarily financial in nature. The barrier could be behavioral, structural, regulatory, or related to availability of information or options. Applied Research Demonstrations must apply a proposed solution to an actual property or group of properties and be applicable to other similar properties. Examples of applied research are: a. solutions that provide more information on and greater owner and/or tenant control over energy use; solutions that convert properties from master metered/owner paid utilities to individually metered/tenant paid utilities that result in efficiencies and savings, or vice versa; and conservation practices and solutions that address the problem of split incentives by creating incentives for parties that promote investment strategies for energy improvements.
GrantWatch ID#: 125990
Financing Demonstrations - Up to $7.5 million; Applied Research Demonstrations - Up to $3 million
1. Treasury-certified community development financial institutions with affordable housing and development and rehabilitation programs.
2. National, regional or local private or non-profit entities currently administering affordable housing development and rehabilitation programs, including technical assistance and capacity building programs. Such entities must manage or direct programs impacting a minimum of 1000 units of affordable housing.
3. Special purpose financing entities, such as housing trust funds, whose primary purpose is the preservation, rehabilitation and/or new construction of affordable rental housing serving low-income households.
4. Nonprofit or for-profit organizations (and/or consortia thereof) that own or control a portfolio of Eligible Multifamily Properties. Such entities must manage or direct programs impacting a minimum of 1000 units of affordable housing.
Grant Matching requirements:
a. Applicants for Financing Demonstrations must demonstrate that they have acquired matching funds of at least $2 of private, non-governmental capital for every $1 requested, and will be required to bring additional matching funds of $1 for every $1 loaned at the project level.
b. Applicants for Applied Research Demonstrations must demonstrate that they have acquired matching funds of at least $1 of private, non-governmental capital for every $1 requested.
The award shall be in the form of a cooperative agreement. HUD anticipates having substantial involvement during the period of performance, including but not limited to: oversight of the progress made, proposed activities and results of those activities, monitoring of funds drawn, and project deliverables and timelines.
Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.
Theodore K. Toon, Energy Innovation Fund
Multifamily Pilot Program
Federal Information Relay Service Operator:(800) 877-8339.
USA: Alabama; Alaska; Arizona; Arkansas; California; Colorado; Connecticut; Delaware; Florida; Georgia; Hawaii; Idaho; Illinois; Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; Massachusetts; Michigan; Minnesota; Mississippi; Missouri; Montana; Nebraska; Nevada; New Hampshire; New Jersey; New Mexico; New York City; New York; North Carolina; North Dakota; Ohio; Oklahoma; Oregon; Pennsylvania; Rhode Island; South Carolina; South Dakota; Tennessee; Texas; Utah; Vermont; Virginia; Washington, DC; Washington; West Virginia; Wisconsin; Wyoming