HUD Invests $750,000 to Modernize Rental Homes for Waldorf, Maryland Families

Newly closed Green and Resilient Retrofit Program transaction will fund crucial repairs and energy efficiency and climate resilience improvements.

WALDORF, MD - Today, the U.S. Department of Housing and Urban Development’s (HUD) announced the closing of a $750,000 transaction to help finance energy efficiency and climate resilience improvements for affordable rental homes in Waldorf, MD, home to 204 families. This transaction will finance energy efficiency and climate resilience renovations at Wakefield Terrace in Waldorf. Today’s announcement underscores the Biden-Harris Administration’s commitment to ensuring the benefits of American’s clean energy transition reach all Americans and needed repairs to preserve affordable housing.

“Through the Inflation Reduction Act and the ongoing support of President Biden and Vice President Harris, HUD continues to deliver funding to modernize HUD-assisted housing and ensure these homes are resilient,” said HUD Acting Secretary Adrianne Todman. “Today’s announcement means Waldorf families will benefit from energy efficiency upgrades such as installation of solar panels, energy efficient heat pumps and other upgrades.”

Wakefield Terrace is an affordable housing property serving low-income families. HUD provides rental assistance to 40 homes at the property under its HUD Section 8 project-based rental assistance program for low-income individuals and families. FH Wakefield Terrace LIHTC LP, the owner of the property, will use HUD’s GRRP funding to cover a portion of the costs related to the installation of solar panels to generate 139.7kW of power, air source heat pumps, hot water heat pumps, high R-value insulation, and tightening of the building envelope through air-seal testing and sealing of identified deficiencies.

“We are pleased to complete this Green and Resilient Retrofit Program funding transactions with FH Wakefield Terrace LIHTC LP, to help support the energy efficiency and climate resilience for the homes of Waldorf families,” said Ethan Handelman, Deputy Assistant Secretary for Multifamily Housing Programs. “Funding this work in Waldorf to create new, affordable homes for seniors is exactly what the Inflation Reduction Act and its $1 billion in funding for GRRP was intended to do.”

About GRRP

Funded under the Inflation Reduction Act, GRRP provides funding for direct loans and grants to make improvements to HUD-subsidized properties serving very low-income families, seniors, and persons with disabilities. Properties were selected through three distinct funding opportunities designed to meet the diverse needs of properties across the country. Funding can be used to improve energy or water efficiency, enhance indoor air quality, install zero-emission electricity generation and energy storage equipment, acquire low-emission building materials, implement building electrification strategies, or address and improve climate resilience. The program seeks to amplify recent technological advancements in energy and water efficiency and to bring a new focus on preparing for climate hazards by reducing residents’ and properties’ exposure to hazards and by protecting life, livability, and property when disaster strikes.

More program information is available on the GRRP Website.