Biden Administration Invests Billions in Energy Efficiency and Climate Resilience for Low-Income Housing.
The Biden-Harris Administration has announced new actions and investments to lower energy costs, improve housing quality, and reduce greenhouse gas emissions for hard-working families. The U.S. Department of Housing and Urban Development is releasing over $830 million in funding for the Green and Resilient Retrofit Program, which invests in energy efficiency and emissions reductions for HUD-assisted multifamily housing. The administration is also adopting the latest energy codes to improve the performance and efficiency of new homes, making energy costs a smaller fraction of household expenses. Additionally, HUD is prioritizing the use of building materials with lower embodied carbon for retrofits and new construction. These actions will help tackle the climate crisis and provide additional support for low- and moderate-income families.