Future Housing Initiative - HPD

Housing Preservation & Development


Future Housing Initiative


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 31st, 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.

Round Two Program Documents

Owner’s Participation Agreement

Future Housing Rider to Contract

FAQ: General and Technical Questions

Future Housing Process Steps

FHI Project Team and Roles Worksheet

FHI Closing Checklist

FHI Full Document Checklist

Round Two Technical & Policy Resources

HPD Technical Requirements- Split System Heat Pump for Space Heating

HPD Technical Requirements- Room Heat Pump

HPD Technical Requirements- Heat Pump Water Heater

VRF System Maintenance Plan

HPD’s Underwriting High Performance Resources – Includes HPD’s Heating Policy, HPD’s M&O Standards, Utility Allowances, and Underwriting High Performance Worksheets

W-9

DRAF (owner-paid utilities)

DRAF (resident-paid utilities)

Con Edison Authorization Form

Con Ed Load Letter

Round Two Application Documents

Future Housing Round 2 Initiative Program Description

Future Housing Round 2 Initiative Application

Future Housing Round 2 Project Requirements Checklist (Attachment A)

Round One Program Documents

Owner’s Participation Agreement

Future Housing Rider to Contract

W-9

Future Housing Process Steps

FHI Project Team and Roles Worksheet

FHI Budget Worksheet

FHI Closing Checklist

FHI Full Document Checklist

DRAF (owner-paid utilities)

DRAF (resident-paid utilities)

Con Edison Authorization Form

Technical Requirements – Heat Pumps for Space Heating

Technical Requirements – Heat Pumps Water Heater

Technical Requirements – Room Heat Pumps

Assignment of Incentive Form: If needed, NYSERDA can work with lender to assign incentive to leader in the event of default. Please work with NYSERDA directly.

Owner & Resident Resources

Tax Incentives – 45L Tax Credits for Zero Energy Ready Homes

Passive House Training Series - Building Energy Exchange

Passive House Financing- Building Energy Exchange

SWA Academy (swa-academy.com) includes training on heat pumps, Passive House and more

PHIUS Certification

PHI Certification

Residential User Tips for Air Source Heat Pumps

NYC’s Utility Assistance Programs

Community Solar

Additional questions?

Please email additional questions to: futurehousing@hpd.nyc.gov