Governor Hochul Announces Agreement with New York City Department of Housing Preservation and Development Establishing a $24 Million Pilot to Decarbonize Affordable Housing
New York (STL.News) Governor Kathy Hochul announced an agreement between the New York State Energy Research and Development Authority and the New York City Department of Housing Preservation and Development to partner on a $24 million pilot program to fund electrification activities in affordable housing. In addition, the Pilot will create a streamlined funding process, by which affordable housing owners can access NYSERDA incentives without additional administrative work. The program supports the State’s nation-leading goal to reduce greenhouse gas emissions 85 percent by 2050, as outlined in the Climate Leadership and Community Protection Act.
“The climate crisis is a global problem that demands a global response, and that’s why it’s so important that New York State and New York City pool their resources and work together to reduce carbon emissions,” Governor Hochul said. “This new partnership between NYSERDA and HPD will make it easier for affordable housing developments in New York City to access funding and retrofit their buildings for clean energy usage. Partnerships like this are moving us closer to achieving the State’s ambitious climate goals as we continue to seek out new and innovative ways to incorporate clean energy into our daily routines and lives.”
“Our recovery must be a green recovery, because climate change isn’t some far off crisis – it’s already here,” said Mayor Bill de Blasio. “This partnership will help us to decarbonize affordable housing and meet our clean energy goals. I am thankful for the Governor’s partnership on this critical issue.”
Through a Memorandum of Understanding, NYSERDA and HPD are collaborating to demonstrate that electrification upgrades of New York’s regulated, multifamily affordable housing can be effectively incorporated when building owners seek financing for clean and renewable energy for their buildings. The pilot will provide gap funding to cover the incremental costs of electrifying existing HPD-regulated buildings and implementing other performance improvements such as building envelope and hot water distribution, which reduce energy consumption and improve health and safety outcomes for residents. Such work will include transitioning from fossil-fuel based heating and cooling to highly efficient heat pump technology, thereby increasing energy efficiency, lowering greenhouse gas emissions, and providing superior indoor environmental quality.