Up to $5 Billion for Climate Resilient Retrofits
HUD’s Green and Resilient Retrofit Program (GRRP) provides an excellent opportunity for eligible multifamily properties to obtain funding for a new FORTIFIED™ roof designed to minimize the risk of severe weather.
GRRP will cover the incremental costs of re-roofing to FORTIFIED and, in some cases, may pay for a new FORTIFIED roof in its entirety.
Administered by the Department of Housing and Urban Development (HUD), the Green and Resilient Retrofit Program (GRRP) makes approximately $4 billion in loans and $837 million in grant funding to owners of HUD-assisted multifamily housing, allowing them to make properties more resilient against the effects of climate hazards, reduce carbon emissions, utilize renewable energy, and/or make properties more efficient.
Based on decades of research by the Insurance Institute for Business & Home Safety (IBHS), FORTIFIED is a voluntary construction and re-roofing program designed to strengthen properties against severe weather. Buildings with a FORTIFIED Multifamily™ – Roof designation have roofing system that provides better protection against hurricanes, severe convective storms, and straight-line winds. FORTIFIED Multifamily – Silver and FORTIFIED Multifamily – Gold designations provide even more storm protection.
Upgrading your building to the FORTIFIED standard and obtaining a FORTIFIED designation are allowable expenses under GRRP.
Funding is available for the incremental costs of FORTIFIED – ranging from $2.00 per square foot of roof for FORTIFIED Multifamily Roof to $3.50 per square foot of roof for FORTIFIED Multifamily Gold. In certain instances, GRRP may pay for all costs associated with a new FORTIFIED roof.
GRRP funding for FORTIFIED can be combined with other eligible expenses, like solar panels and energy-saving appliances.
GRRP is available to property owners receiving HUD rental assistance under Multifamily Section 8, Section 202 or Section 811. Funds will be distributed through three pathways, each with specific eligibility requirements and maximum funding limits.
- Provides awards designed to add proven and highly impactful climate resilience and carbon reduction measures to the construction scopes of in-progress recapitalization projects.
- HUD expects to issue approx. 200 awards from the roughly $140 million available.
- Individual funding awards up to the lesser of a) $40,000 per unit at the property, b) $750,000, or c) the cost of eligible GRRP program investments.
Leading Edge Pathway
- The owner must be pursuing one of the net zero green certifications and resilience goals listed in the funding opportunity with respect to the property.
- HUD expects to make about 100 awards from approximately $400 million available.
- Individual awards up to the lesser of a) $60,000 per unit at the property, b) $10,000,000, or c) the cost of eligible GRRP program investments.