HUD ANNOUNCES RECOVERY ACT GREEN RETROFIT GRANT FOR SENIOR HOUSING IN REVERE, MA
Award to Revere project will create green jobs and reduce energy costs

WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today announced that 266 apartments in Revere, Massachusetts will become more energy efficient as a result of $4 million in Recovery Act funding being awarded to Jack Satter House, a senior housing development. HUD's Deputy Assistant Secretary for Affordable Housing Preservation, Theodore Toon, made the announcement today on behalf of HUD Secretary Shaun Donovan at an event at the Jack Satter House with Congressman Markey.

The award is part of HUD's new Green Retrofit Program for Multifamily Housing, created through the American Recovery and Reinvestment Act of 2009. The Green Retrofit Program is providing $250 million nationally to reduce energy costs, cut water consumption, and improve indoor air quality. Additional grant awards will be made under
this program over the next several months on a rolling basis.

"This funding will not only improve the quality of life for the residents of Jack Satter House, but will lower energy
costs and create quality green jobs at the same time," said Secretary Donovan. "This is an example of the kind of long-term, fundamental impact the Recovery Act is having on America's economy through clean energy
investments."

The Jack Satter House is a senior housing development built in 1978 in Revere, Mass. The renovations will enhance quality of life for residents and increase energy efficiency. The renovations will produce approximately 25 percent savings in utility costs and will create quality construction-related job opportunities. Retrofits will include EnergyStar refrigerators and air conditioners, replacement of old boilers with new high-efficiency condensing boilers, installation
of a combined heat and power electric co-generation plant, formaldehyde-free bathroom cabinets, upgraded energy efficient lighting, low-flow aerators, shower heads and toilets, and the use of non-toxic paints, adhesives and sealants throughout.

The Green Retrofit Program is designed to create thousands of green jobs across the country as workers retrofit
older federally assisted multi-family apartment developments with the next generation of energy efficient technologies. Grants and loans provided through this program help private landlords and property management companies to cut heating and air conditioning costs by installing more efficient heating and cooling systems and to reduce water use by replacing faucets and toilets. These Recovery Act funds also produce other environmental benefits by encouraging the use of recycled building materials, reflective roofing, and non-toxic products to reduce potentially harmful off-gassing' of harmful fumes. Funds are awarded to owners of HUD-assisted housing projects
and can be used for a wide range of retrofit activities, ranging from windows/doors to solar panels and geothermal installation.

The Recovery Act includes $13.61 billion for projects and programs administered by HUD, nearly 75 percent of which was allocated to state and local recipients only eight days after President Obama signed the Act into law. The remaining 25 percent is being awarded through competitive grant programs, including the Green Retrofit Program.
To date, 98 percent of HUD's Recovery Act funds are in the hands of local communities, being used to improve housing and neighborhoods, while creating jobs. HUD is committed to implementing Recovery Act investments
swiftly and effectively as they generate tens of thousands of jobs, modernize homes to make them energy efficient, and help the families and communities hardest hit by the economic crisis.

In addition, Secretary Donovan and the Department are committed to providing the highest level of transparency possible as Recovery Act funds are administered. It is vitally important that the American people are fully aware of how their tax dollars are being spent and can hold their federal leaders accountable. Every dollar of Recovery Act funds HUD spends can be reviewed and tracked at HUD's Recovery Act website. The full text of HUD's funding
notices and tracking of future performance of these grants is also available at HUD's Recovery Act website.

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HUD is the nation's housing agency committed to sustaining homeownership; creating affordable housing opportunities for low-income Americans; and supporting the homeless, elderly, people with disabilities and people living with AIDS. The Department also promotes economic and community development ad enforces the nation's
fair housing laws. More information about HUD and its programs is available on the Internet at www.hud.gov and espanol.hud.gov.