Underwriting Electric and High-Performance Buildings - HPD

Housing Preservation & Development


Underwriting Electric and High-Performance Buildings


Underwriting Electric and High-Performance Buildings

HPD is committed to working toward the City’s goals of an 80% reduction in emissions by 2050, while focusing on the resiliency and health of our buildings and our residents. To achieve these goals, we have committed to fast-tracking equitable decarbonization and releasing Design Guidelines and initiatives that will ensure that these goals can be met across our portfolio of projects.

To support this work, HPD has also developed policies, standards, and tools to support electrification and high-performance buildings:

HDC’s 2024 Maintenance and Operations Standards for New Construction and Preservation: The Maintenance and Operating Expense Standard covers electric heating, hot water, and owner-paid cooling, and has a separate heating standard for Passive House.

HPD’S Underwriting High Performance Worksheet: Passive House projects may choose to underwrite to a higher performance level using HPD’s Underwriting Hight Performance Worksheet if they have an energy model.

HPD’s 2024 Utility Allowance Table for Electric Heating, Hot Water and Air Conditioning.

HPD’s Electric Heating Policy: Outlines HPD’s policies around electric heating and hot water, including information about which equipment may be used and when resident-paid heating is allowed.

HPD's Heat Pump System Decision Matrix: This tool provides examples of various heat pump technologies paired with information on building typologies, appropriate billing strategies for each technology, and cost information.

HPD’s Resident-Paid Heat Policy: Outlines HPD’s policies and guidelines for resident-paid heating and hot water, which is allowed for certain HPD programs and with HPD’s prior approval.

HPD Resource Packet for Residents: Must be provided to residents who pay for their own electric heating and hot water and is a useful resource to any resident who has heat pumps or pays for utilities. The packet includes the following material:

Residential User Tips for Air Source Heat Pumps

NYC’s Utility Assistance Programs and Resources

Underwriting Solar Savings: This document outlines how HPD will underwrite solar savings on New Construction Projects.