The HUD program, initially funded by $840 billion from Biden's Inflation Reduction Act, has been reported to be halted due to government-wide cost-cutting initiatives led by the U.S. DOGE Service. Over its lifetime, the program allocated approximately $1.5 billion for various environmental and efficiency improvements focusing on HUD-assisted multifamily properties. Recently, the Biden administration announced the final $30 million in GRRP funding for 45 properties, signaling a convoluted end to a program vital for reducing emissions and enhancing resilience in low-income housing, which has become increasingly crucial given the rise in natural disasters.
The program has funded retrofitting projects for nearly 25,000 housing units across the country, playing a critical role in property preservation and resiliency.
Advocates express serious concerns about the halting of this program, highlighting the anxiety and uncertainty it has caused among those reliant on its funding.
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