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HUD to finance $100 million in clean energy renovations for 1,500 low-income homes

Oct. 19 (UPI) — The White House announced Thursday that the U.S. Department of Housing and Urban Development will provide more than $100 million for clean energy renovations in more than 1,500 homes in low-income and tribal communities.

The award also aims to reduce energy costs for families in affordable housing communities and preserve affordable housing options across the country. The investment is intended to help small businesses and nonprofits provide rooftop solar panels, wind turbines and energy-efficient HVAC systems, among other improvements.

“Housings built in the 1970s are truly going to be needed in this century because they will set the stage for a stable future in the years to come,” Adrianne Todman, HUD deputy secretary, said in a call with reporters.

The Departments of Treasury and Energy have also opened applications for the Low-Income Communities Bonus Credit Program, which provides tax credits for small solar and wind energy projects in low-income and tribal communities.

The announcement comes after President Joe Biden announced $7 billion in federal funding for accelerated clean hydrogen production at seven renewable energy sites across the country.

The White House said these actions also contribute to the goals of reducing energy burdens, supporting fair housing, reducing climate pollution, increasing climate resilience and lowering household energy costs.