Affordable multifamily rental housing property developers and managers can apply now for roughly $2 billion in grants and direct-, below-market loans via the Green and Resilient Retrofit Program (GRRP). Introduced via the Inflation Reduction Act of 2022, GRRP is a federal program that provides green and clean-energy support to rental properties that receive support from the U.S. Department of Housing and Urban Development (HUD). In this week's episode of Tax Credit Tuesday, host Michael Novogradac, CPA , and guests Dirk Wallace, CPA , and Karie McMillen, CPA , discuss the multi-wave application process, which splits the funding into three cohorts'Elements, Leading Edge and Comprehensive. The podcast discusses the basics of the program, provides information for listeners about the application process and supplies information to consider after winning an award.