NJ Board of Public Utilities (NJBPU) Plans to Allocate 100% of Its Her Funds to Its “M-Rise” Program for…
FY2025 · complete year · data as of 2026-09-01
A single federal award, with both ends of the trail linked.
Award DESE0000051 is a grant from the Department of Energy to New Jersey Department of Treasury, $91.7M obligated, FY2025 to FY2030, for NJ Board of Public Utilities (NJBPU) Plans to Allocate 100% of Its Her Funds to Its “M-Rise”…. The work is performed in New Jersey. Source
Description
The NJ Board of Public Utilities (NJBPU) Plans to Allocate 100% of Its Her Funds to Its “M-Rise” Program for Majority Low-Income Multifamily Buildings. The Scope and Design of M-Rise (Focused on Delivering “Whole Building” Energy Efficiency Upgrades to Low-Income Multifamily Buildings) Has Been Targeted to Address the Need Within New Jersey’s Housing Supply. New Jersey’s Existing Set of Energy Efficiency Programs Have Minimal Uptake in This Part of the Market, Where Capital Constraints Can Frequently Be an Inhibitor to Projects Moving Forward. The Overarching Goal of M-Rise Is to Increase Funding to These Projects So They Can Move Forward, and the Tenants Can Benefit from the Same Type of Energy Efficiency Upgrades Single Family and More Moderate-Income Households Have Been Able to Install.