The Elements NOFO provides modest awards designed to add proven and highly impactful climate resilience and carbon reduction measures to the construction scopes of in-progress recapitalization transactions. Approximately $140 million is available for FY 2023. This NOFO is designed to target eligible properties that are pursuing a recapitalization, but have not yet closed on financing, and have an opportunity to make these transactions greener and more climate resilient through targeted upgrades of specific building components. These awards, provided in the form of GRRP Grants or Surplus Cash Loans, will enable owners to include proven and highly impactful climate resilience, energy efficiency, and emission reduction measures in their construction scopes of work. Application Deadlines: 06/29/2023 to be considered in the First Application Period; 09/28/2023 to be considered in the Second Application Period; 03/28/2024 to be considered in the Third Application Period; 07/31/2024 for all other applications.