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

by: Iola Bonggay

In year 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"

  (continued...)

Department of Housing and Urban Development: Energy Innovation Funds for Multifamily Pilot Program
  Page 2

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Minority Grants

Department of Agriculture: Value Added Producer Grants
The Value-Added Producer Grants program is geared towards helping the Independent Producers of Agricultural Commodities, Agriculture Producer Groups, Farmer and Rancher Cooperatives, and Majority-Controlled Producer-Based Business Ventures in developing techniques that would create marketing opportunities and establish business plans involving viable marketing opportunities that involve the production of bio-based products from agricultural commodities.

---

Department of Agriculture: Technical Assistance and Training Grant
The Department of Agriculture has recently established the Technical Assistance and Training Grants program.

---

Minority Business Enterprise Centers for Minority-Owned Businesses
The The Minority Business Development Agency has recently constituted the Minority Business Enterprise Centers (MBEC) Program wherein it aims to support minority-owned businesses by providing them with electronic and one-on-one business development services for a reasonably nominal fee.

---

Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

---