Posted on Partner Energy on August 3, 2023, by J.R. Lephew and Molly Gracia
Since the signing of the Inflation Reduction Act (IRA) in late summer 2022, the commercial real estate industry has been aglow from the potential for much-needed funding to support their ventures and bolster transaction volume. The overall goal and mission of the many Partners, such as investors, developers, owners, and government entities, particularly in multi-family, is to address the nationwide affordable housing shortage. The HUD Green and Resilient Retrofit Program (GRRP) is the latest example that embodies the push to modernize the most important sector in multi-family development.
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