HUD Begins COVID-19 Supplemental Payment Approvals, Publishes New Funding for Green Retrofits
On May 11th, the U.S. Department of Housing and Urban Development (HUD) began issuing approval notifications, and in some cases funding allotments, for Round 5 COVID-19 Supplemental Payment (CSP) requests submitted earlier this year. Also on May 11th, HUD published a new landmark funding program to rehabilitate affordable multifamily housing properties for energy efficiency and climate resilience, totaling $837.5 million in grant funding and $4 billion in loan authority.
HUD has administered five rounds of CSP payments to multifamily housing properties to offset operational and capital costs related to COVID-19, including large-scale investments like the installation of backup generator and internet systems. Round 5 is the final round of funding available through the CSP program. More information about CSPs from LeadingAge National is available here. Members who submitted a reimbursement request but have not yet received an approval notice should reach out to their HUD counterpart to inquire.
HUD’s newly released funding for the Green and Resilient Retrofit Program (GRRP) includes three Notices of Funding Opportunity (NOFOs) and is targeted to HUD’s multifamily housing programs, including Project-Based Section 8, Section 202, Section 236, and Section 811 properties. HUD estimates that hundreds of properties serving tens of thousands of households will benefit from the funds. LeadingAge National worked with HUD to help craft the rules for the new program after Congress approved the funding in 2022. More information on the GRRP, including an analysis of the NOFOs and an overview of upcoming HUD webinars, is available from LeadingAge National here.
Contact: Annalyse Komoroske Denio, email@example.com, 518-867-8866