Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program

by: TopGovernmentGrants Editorial Staff

In 2009 the President of the United States of America signed the Consolidated Appropriations Act of 2010 wherein an appropriation amounting to $50 million serving as an Energy Innovation Fund was included.

The Energy Innovation Fund was directed towards the discovery of innovations in terms of the residential energy efficiency sector and to help in the development of a standardized home energy efficient retrofit market.

Of the said amount, the Congress directed that $25 million shall be for the Multifamily Energy Pilot Program which was exclusively designed for multifamily housing markets.

Pursuant to the Consolidated Appropriations Act of 2010, the Department of Housing and Urban Development(HUD), has recently announced a funding opportunity entitled Energy Innovation Fund: Multifamily Pilot Program.

This funding opportunity supports innovations in financing and conducting applied research studies in the hopes of addressing primary concerns halting the retrofitting of certain multifamily residential properties in their quest towards achieving energy efficiency on a highly cost effective basis.

The funding announcement is also driven towards the accomplishment of the following objectives:

a) demonstrate ways to eliminate or address the concerns against the implementation of energy efficiency and renewable energy improvements in present multifamily properties

b) provide private capital and additional public funding to demonstrate "proof of concept"
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Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
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Additional Resources

category - Home Improvement Grants

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The Rural Community Development Initiative can be awarded to legally qualified private, public, and tribal groups or organizations that have the experience and capability of providing training and technical assistance to nonprofit community-based housing and community development organizations, as well as low income rural communities.

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Department of Housing and Urban Development's Dollar Homes Program
The Dollar Homes Program revolves around the process of selling single family homes for a superbly reasonable price of $1 (plus closing cost) to low-to-moderate income families, granted that these houses have been acquired through foreclosure by the Federal Housing Administration, and have already been actively marketed for at least six months and still remained unsold after that certain period of time.

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Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

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Lead-Based Paint Hazard Control Grant Program
The Department of Housing and Urban Development has recently established the Lead-Based Paint Hazard Control Grant Program wherein they intend to provide assistance to states, local government units, Native American Tribes, cities, and countries in their complex attempt of determining and controlling lead-based paint hazards in eligible privately-owned rental or owner-occupied dwellings.

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