Housing Assistance: An Inventory of Fiscal Year 2010 Programs, Tax Expenditures, and Other Activities
U.S. Government Accountability Office
Green Retrofit Program for Multifamily Housing
Administering Agency/Entity | Department of Housing and Urban Development |
Short Description | Provides grants or loans for energy retrofit and green investments in assisted housing, to ensure the maintenance and preservation of the property, the continued operation and maintenance of energy efficiency technologies, and the timely expenditure of funds. Eligibility is limited to owners of properties receiving Section 202, Section 811, or Section 8 project-based assistance. |
Primary Purpose | Operation/management of rental housing |
Type of Housing Supported | Rental Housing |
Type of Assistance | Grant; loan |
Fiscal Year 2010 Obligations | $235,000,000; grants under this program were $167 million and the expected credit subsidy costs for loans originated in fiscal year 2010 were $68 million. The credit subsidy estimates are revised in subsequent years and the ultimate cost will not be known until the loans have matured. |