HUD to fund $100M clear power renovations for 1,500 low-income properties
by Amy R. Connolly
Washington DC (UPI) Oct 19, 2023
The U.S. Division of Housing and City Improvement will present greater than $100 million for clean-energy renovations to greater than 1,500 properties in low-income and tribal communities, the White Home introduced Thursday.
The award can be aimed toward lowing power prices for households in inexpensive housing communities and preserving low-cost housing choices throughout the nation. The funding goals to assist small companies and nonprofit organizations present rooftop photo voltaic panels, wind generators and power environment friendly HVAC programs, amongst different enhancements.
“It would actually take housing that was constructed within the Nineteen Seventies into this century because it prepares for a resilient future in years to come back,” Adrianne Todman, HUD deputy secretary, mentioned in a name with reporters.
The Departments of Treasury and Vitality additionally opened purposes for the Low-Revenue Communities Bonus Credit score program, which supplies tax credit for small photo voltaic and wind initiatives in low- earnings and tribal communities.
The bulletins come after President Joe Biden introduced $7 billion in federal funds for accelerated clear hydrogen manufacturing at seven renewable power hubs throughout the nation.
The White Home mentioned the actions additionally advance the objectives of lowering power burdens, advancing honest housing, slicing local weather air pollution, boosting local weather resilience and decreasing family power price.
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