HUD's Office of Public Housing Program’s Financial Management Division Energy Branch develops, implements, and manages energy and water efficiency incentive programs for PHAs including Energy Performance Contract (EPC), Rate Reduction Incentive (RRI), Small Rural Frozen Rolling base (SR-FRB), and the Utility Partnership Program (UPP), which provide alternative funding mechanisms to support Operating Fund activities and modernize Public Housing through the implementation of energy conservation measures.

The FMD Energy Branch also provides support and technical assistance to PHAs and other constituencies to improve utility management, reduce costs. In addition, the Branch implements controls to ensure accurate inclusion of energy incentives in the Operating Subsidy.