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Chicago & Midwest  + South Side  + Apartments  | 

HUD Awards $17M in Grants for Chicago Apartment Energy Upgrades

The U.S. Department of Housing and Urban Development (HUD) announced $173.8 million in new grant and loan awards under its Green and Resilient Retrofit Program (GRRP), with some of the funds awarded to Chicago projects.

The announcement was made by HUD Acting Secretary Adrianne Todman and Chicago Mayor Brandon Johnson at the Archer Courts Apartments complex, where a $11.76 million grant was awarded under the program. The funds will be used by owner Jonathan Rose Companies for substantial energy efficiency renovations at the 146-unit low-income property.

The federal funding will help update the property’s heating and water systems, upgrade ventilation systems, and add a rooftop solar system. POAH’s 71-unit Austin Renaissance Apartments on Chicago’s West Side also received an award for $5.68 million.

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.  

Join the leaders and dealmakers when they explore the most important topics and trends at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register to attend to network with the best in the industry and sit in on discussions you won’t hear anywhere else. Early Bird Registration Ends April 19

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HUDCity of ChicagoJonathan Rose CompaniesPOAH

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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