June 20, 2024

Mayor Adams, Governor Hochul Launch new $15 Million Effort to Build All-Electric, Affordable Homes in NYC

Mayor Eric Adams and New York Governor Kathy Hochul announce that the New York City Housing Authority (NYCHA), New York Power Authority (NYPA), and New York State Energy Research and Development Authority (NYSERDA) are moving forward with the Clean Heat for All Challenge through a planned $70 million initial investment in the development and production of 30,000 new heat pump units for use in New York City Public Housing facilities. 31-62 51st Street, Woodside. Tuesday, August 2, 2022. Credit: Ed Reed/Mayoral Photography Office.
Mayor Eric Adams and New York Governor Kathy Hochul announce that the New York City Housing Authority (NYCHA), New York Power Authority (NYPA), and New York State Energy Research and Development Authority (NYSERDA) are moving forward with the Clean Heat for All Challenge through a planned $70 million initial investment in the development and production of 30,000 new heat pump units for use in New York City Public Housing facilities. 31-62 51st Street, Woodside. Tuesday, August 2, 2022. Credit: Ed Reed/Mayoral Photography Office.

New York City Mayor Eric Adams and New York Governor Kathy Hochul announced the launch of the “Future Housing Initiative,” a partnership investing $15 million to expedite the construction of 3,000 energy-efficient, all-electric affordable homes in New York City. The initiative supports the state’s Climate Leadership and Community Protection Act (CLCPA) goals, including reducing greenhouse gas emissions by 85% by 2050 and delivering 35-40% of clean energy investment benefits to disadvantaged communities. The project also aligns with the city’s green building goals under Local Law 97.

The Future Housing Initiative is a key component of Mayor Adams’ commitments in “PlaNYC: Getting Sustainability Done” and “Housing Our Neighbors: A Blueprint for Housing and Homelessness.” The project aims to improve New Yorkers’ health and safety through housing by promoting electrification and sustainability standards in new affordable housing constructions. This effort will bring the city’s affordable housing creation in line with decarbonization goals, benefiting residents through lower energy costs, healthier living conditions, and more sustainable homes.

The “New Construction Future Housing Initiative” is a result of an expanded memorandum of understanding between the New York State Energy Research and Development Authority (NYSERDA) and the New York City Department of Housing Preservation and Development (HPD). The program aims to streamline the delivery of development financing and grants to affordable housing projects in HPD’s new construction pipeline. Funding will cover the incremental costs of implementing high-performance, all-electric “Future Homes” standards, such as electrification of hot water and heating systems in design and construction. The initiative will provide energy savings, resiliency, and improved air quality for future residents.

Funded through NYSERDA’s $6 billion Clean Energy Fund, the Future Housing Initiative offers building owners and developers up to $10,000 per unit and up to $1.5 million per project to fund the construction of high-performance, all-electric multifamily buildings. These buildings will achieve “Passive House” certification, the gold standard for sustainable construction, with significantly reduced energy use and carbon emissions. Development teams will also receive technical assistance support to facilitate the necessary design work. The program will support up to 30 projects encompassing approximately 3,000 dwelling units.

Applications for round one of Future Housing Initiative funding, with $7.5 million available, open today through HPD and will be accepted through June 1, 2023. A second round will follow in 2024. The initiative will contribute to reducing greenhouse gas emissions in New York City, where buildings are responsible for two-thirds of all emissions. Integrating energy efficiency and electrification in affordable housing developments will result in more sustainable, healthy, and comfortable homes.

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