Hundreds of in-progress affordable housing projects are in limbo after the Trump administration froze funding for the $1.4 billion Green and Resilient Retrofit Program (GRRP) earlier this month, according to a Bloomberg report.
A spokesperson for the Department of Housing and Urban Development (HUD) said the GRRP has not been canceled, but the agency is evaluating the program. The statement reiterated the agency's mission to ensure Americans have access to fair and affordable housing. Still, it said the previous administration’s focus on energy efficiency diverted resources and funding from its mission.
This has left many projects unsure of how to proceed.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
