Department of Housing and Urban Development Receives Multifamily Program Comments

On October 27, the U.S. Department of Housing and Urban Development (HUD) closed its Request for Information (RFI) to obtain public input regarding the development of its Green and Resilient Retrofit Program (GRRP). The RFI sought guiding information on prioritizing the GRRP’s work, treatment of cost-benefit analyses, and key design elements that will ensure program goals are met. HUD expects to make multiple funding rounds available to support energy and water retrofits and climate resilience of HUD-assisted multifamily properties.

The IRS is Working to Deliver Inflation Reduction Act Tax Incentives

With the Inflation Reduction Act’s (IRA) passage in August, the IRS has been brought to the forefront of the Federal Government’s renewable energy push. Of the nearly $370 billion of climate spending in the new law, about $270 billion will be delivered through tax incentives for electric vehicles, energy-efficient buildings, solar power, and other “clean” energy technologies. To support these efforts, the IRS has issued six notices asking for comments on different aspects of extension and enhancements of energy tax benefits in the IRA; they anticipate that these comments will “aid the agency in drafting guidance items most reflective of the needs to taxpayers entitles to claim energy credits.” Read more here.

Community Action highlights weatherization efforts 

Additional funding for weatherization means that public and private partnerships are more important than ever in tackling Missouri’s housing renovation needs, according to North East Community Action Corporation. North East and top representatives of federal and state weatherization programs highlighted last week a successful partnership that is bringing $300,000 of upgrades at two of the agency’s 28 apartment complexes. Read more here.

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