Future Housing Initiative

HPD-NYSERDA $15 Million Future Housing Initiative for New Construction

Passive House concepts. Image courtesy of Building Energy Exchange.

HPD has partnered with NYSERDA to pilot a streamlined approach for incorporating clean energy incentives and technical assistance to support the development of high performance, all-electric new projects that meet HPD’s “Reach” goals. Funding will total $15 Million and will be allocated in two rounds. A total of $7.5 million was awarded to projects in Round One.

Round Two Funding Description

Round Two of The Future Housing Initiative will provide a total of $5.8 million to owners and developers of multifamily projects being financed through HPD New Construction Programs to fund the construction of high-performance all-electric multifamily buildings that will achieve Passive House Certification.

Eligibility: The Future Housing Initiative will be open to projects in HPD’s New Construction Pipeline (with an assigned HPD Project ID) that are closing by December 31^st, 2026. Projects slated to close prior to December 2024 or that have not begun their Uniform Land Use Review Process (ULURP) will not be considered for Round #2 of FHI. Projects will be competitively selected through an application process.

Funding: Up to $9,000 per dwelling unit is available to a select number of projects that can demonstrate a financing gap to achieve the program’s performance goals. Funding will be capped at a maximum of $1,500,000 per project. Projects may use incentives to cover both hard and soft costs.

Base Funding: Up to $7,000/ dwelling unit
Boost Funding: Up to $2,000 per dwelling unit

Once selected, the project team will work with a NYSERDA funded Technical Assistance Provider to optimize the design and construction process.

Additional Details can be found in the HPD Future Housing Initiative Round 2 Description

How to Apply: 

Submit a Soft Commitment Letter from HPD Program.
Completed Attachment A - Program Requirements Checklist
Completed Attachment B - Disclosure of Prior Findings of Non-responsibility Form
Completed Attachment C - Certification Under Executive Order No. 16
Complete the Future Housing Initiative Program Application which includes multiple tabs.
Submit at least 3 renderings or other descriptive images showing building massing and facades, plus 1 building section.
Please feel free to submit any additional drawings and/or supporting documents that would be helpful in illustrating how this project will be successful in meeting the FHI requirements. If these files will result in a submission greater than 10 megabytes, please do not send by email but provide a cover memo and link to download the files in your application package.
Submit a signed contract with a licensed or certified professional who is able to certify the project as Passive House.
Documentation of ULRUP Review status, if applicable.