2024-09-30
The U.S. Department of Housing and Urban Development (HUD), under the guidance of the Biden-Harris Administration, announced today that it's giving more than $37 million in extra funding to the New York City Housing Authority (NYCHA).
This money, in the form of Tenant Protection Vouchers, aims to support residents while repairs are being made to their homes. On top of that, NYCHA also received $7.5 million recently to get rid of lead-based paint in public housing.
Adrianne Todman, the Acting Secretary of HUD, shared this news while visiting an affordable housing complex in Brooklyn managed by NYCHA. These efforts include making homes more energy-efficient and promoting the use of clean energy like solar power. Solar energy not only helps to lower utility bills but also supports the creation of sustainable and affordable housing.
Todman expressed her pride in releasing funds to assist New York families and introduced new steps to encourage the use of solar energy. She emphasized the benefits of solar energy in reducing housing costs and emissions, highlighting the administration's commitment to ensuring that low-income families benefit from these initiatives.
The HUD has been working alongside the Biden-Harris Administration to speed up the adoption of solar energy in public housing and multifamily housing. Thanks to incentives from the Inflation Reduction Act led by President Biden and Vice President Harris, the U.S. has seen a significant increase in solar installations, with over five million across the country helping to lower electricity bills. Many of these projects have been implemented after the Inflation Reduction Act was signed.
The administrations are now taking steps to ease the installation of solar panels on public housing properties and privately owned multifamily properties financed by Fannie Mae and Freddie Mac. These steps aim to ensure that clean, affordable energy benefits reach communities that have been underserved, particularly those living in multifamily housing.
In terms of public housing, HUD has updated its policies to allow housing authorities to keep all the savings from solar energy contracts. This change aims to encourage more solar projects in public housing by ensuring that housing authorities can benefit fully from cost savings achieved through these initiatives.
Moreover, HUD, along with other federal housing agencies, has set up a new group to work with housing developers and the solar industry.
This group intends to share best practices for installing solar panels in multifamily properties and make standard procedures that are less costly. This effort is expected to help satisfy the demand for more sustainable and affordable housing solutions.
HUD has also updated its guides on how financial benefits from solar projects should be handled to make sure that residents in HUD-supported housing can enjoy lower electricity bills and cleaner energy.
Lastly, HUD has allocated more than $770 million aimed at improving over 20,000 homes through the Green and Resilient Retrofit Program. This program focuses on incorporating energy-efficient and climate-resistant features, including solar energy, into HUD-assisted properties.
These significant investments play a crucial role in creating healthier, affordable, and more resilient homes and communities, in line with the National Climate Resilience Framework and the Biden-Harris Administration's goals.
The Biden-Harris Administration remains dedicated to fighting climate change and ensuring Americans have access to sustainable and affordable housing, with HUD playing a crucial role in this mission.
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Previous Article: Smart Strategies for Saving Money While Building Your Dream Home
Funding Allocated for Repairs and Increased Accessibility of Solar Energy
The U.S. Department of Housing and Urban Development (HUD), under the guidance of the Biden-Harris Administration, announced today that it's giving more than $37 million in extra funding to the New York City Housing Authority (NYCHA).
This money, in the form of Tenant Protection Vouchers, aims to support residents while repairs are being made to their homes. On top of that, NYCHA also received $7.5 million recently to get rid of lead-based paint in public housing.
Adrianne Todman, the Acting Secretary of HUD, shared this news while visiting an affordable housing complex in Brooklyn managed by NYCHA. These efforts include making homes more energy-efficient and promoting the use of clean energy like solar power. Solar energy not only helps to lower utility bills but also supports the creation of sustainable and affordable housing.
Todman expressed her pride in releasing funds to assist New York families and introduced new steps to encourage the use of solar energy. She emphasized the benefits of solar energy in reducing housing costs and emissions, highlighting the administration's commitment to ensuring that low-income families benefit from these initiatives.
The HUD has been working alongside the Biden-Harris Administration to speed up the adoption of solar energy in public housing and multifamily housing. Thanks to incentives from the Inflation Reduction Act led by President Biden and Vice President Harris, the U.S. has seen a significant increase in solar installations, with over five million across the country helping to lower electricity bills. Many of these projects have been implemented after the Inflation Reduction Act was signed.
The administrations are now taking steps to ease the installation of solar panels on public housing properties and privately owned multifamily properties financed by Fannie Mae and Freddie Mac. These steps aim to ensure that clean, affordable energy benefits reach communities that have been underserved, particularly those living in multifamily housing.
In terms of public housing, HUD has updated its policies to allow housing authorities to keep all the savings from solar energy contracts. This change aims to encourage more solar projects in public housing by ensuring that housing authorities can benefit fully from cost savings achieved through these initiatives.
Moreover, HUD, along with other federal housing agencies, has set up a new group to work with housing developers and the solar industry.
This group intends to share best practices for installing solar panels in multifamily properties and make standard procedures that are less costly. This effort is expected to help satisfy the demand for more sustainable and affordable housing solutions.
HUD has also updated its guides on how financial benefits from solar projects should be handled to make sure that residents in HUD-supported housing can enjoy lower electricity bills and cleaner energy.
Lastly, HUD has allocated more than $770 million aimed at improving over 20,000 homes through the Green and Resilient Retrofit Program. This program focuses on incorporating energy-efficient and climate-resistant features, including solar energy, into HUD-assisted properties.
These significant investments play a crucial role in creating healthier, affordable, and more resilient homes and communities, in line with the National Climate Resilience Framework and the Biden-Harris Administration's goals.
The Biden-Harris Administration remains dedicated to fighting climate change and ensuring Americans have access to sustainable and affordable housing, with HUD playing a crucial role in this mission.
-
Previous Article: Smart Strategies for Saving Money While Building Your Dream Home
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