Grant funding is available to eligible building owners seeking HPD financing for rehabilitations of multifamily buildings to cover the incremental construction cost to electrify domestic hot water heating (DHW) and/or space heating & cooling systems. Grant funding will be provided on a first come, first served basis, and will be additional to HPD’s maximum term sheet funding. Funding will be paid to the project by NYSERDA during the construction phase and in conjunction with HPD and private (if applicable) loan funds. This pilot will be open for three years, beginning in 2022, or until funding is exhausted. Because funding for this pilot is limited, grant funding may be capped on a per-project basis. Maximum funding on any project is limited to $1 million. For multi-building projects comprised of oil-fueled buildings, NYSERDA and HPD may award up to $2 million. Please see Program Requirements for additional information.
Please complete the Pilot Screening Tool (submission instructions are included on the tool).
DOB Resources:
Zoning Resources:
DEP Resources:
NYS Clean Heat Program
For additional information about the pilot, please contact us at: electrificationpilot@hpd.nyc.gov