The U.S. Department of Housing and Urban Development (HUD) has announced the closing of two transactions, amounting to $1.1 million, aimed at financing repairs and enhancing energy efficiency and climate resilience in two multifamily properties in Baltimore, Maryland. These properties are home to 143 seniors.
These transactions mark the first construction projects in Maryland under this initiative and will support renovations at Greens at Irvington Mews Phase II in Baltimore’s Irvington neighborhood and Park Heights Place in Baltimore’s Arlington neighborhood. The initiative aligns with the Biden-Harris Administration's commitment to extending the benefits of America's clean energy transition while preserving affordable housing.
“Through the Inflation Reduction Act and the ongoing support of President Biden and Vice President Harris, HUD continues to deliver funding to repair and modernize HUD-assisted housing and ensure these homes are resilient,” stated HUD Acting Secretary Adrianne Todman. She emphasized that senior residents would benefit from upgrades like LED lighting, Energy Star appliances, new flooring, and low-flow plumbing fixtures.
Greens at Irvington Mews received a $750,000 surplus cash loan for its development, which includes a 59-unit building designed for very low-income seniors. Nineteen households will receive rental assistance through HUD's Section 202 Housing for Low-Income Elderly program. The project will incorporate green components such as insulation, LED lighting, Energy Star appliances, low-flow plumbing fixtures, and air sealing to enhance energy efficiency.
Park Heights Place obtained a $381,851 surplus cash loan for its rehabilitation efforts on an existing 84-unit building serving very low-income seniors. Seventy-six households currently receive rental assistance under the Section 202 program. Renovations include full roof replacement, new flooring, Energy Star appliances, accessibility upgrades, installation of Energy Star rated windows, LED light fixtures replacement, and tightening of the building envelope to reduce heating and cooling loads.
“We are pleased to complete these Green and Resilient Retrofit Program funding transactions with Irvington Mews II, LLC and Park Heights Senior 2 LP,” said Ethan Handelman, Deputy Assistant Secretary for Multifamily Housing Programs. He highlighted that this work aligns with the goals of the Inflation Reduction Act by creating affordable homes for seniors.
Funded by the Inflation Reduction Act's Green and Resilient Retrofit Program (GRRP), these initiatives aim to make improvements across HUD-subsidized properties serving low-income families and individuals with disabilities. GRRP provides direct loans and grants focusing on enhancing energy or water efficiency among other objectives.
More information about GRRP can be found on their website.
