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Climate Friendly Homes Fund (CFHF) is sponsored by New York State Homes and Community Renewal (HCR) administered by The Community Preservation Corporation (CPC). A $250 million initiative to help multifamily building owners in New York State transition to high-performance, all-electric heating, cooling, and hot water systems.
It targets buildings with 5-150 units in economically disadvantaged communities to retrofit at least 10,000 units.
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Climate Friendly Homes Fund - Community Preservation Corporation The Climate Friendly Homes Fund (CFHF) is a $250 million initiative launched by New York State Homes and Community Renewal (HCR) to help multifamily building owners across New York State transition to high-performance, all-electric heating, cooling, and hot water systems.
The fund targets buildings with 5-150 units in economically disadvantaged communities, aiming to retrofit at least 10,000 units to reduce greenhouse gas emissions and improve energy efficiency. These funds will empower small building owners to identify and execute a scope of work to improve the energy efficiency of their buildings and decrease their greenhouse gas emissions.
The Climate Friendly Homes Fund application portal is closed to new applications. For more information on current CPC financial offerings and products to support your electrification project, please visit https://communityp. com/products-services/ For more information on HCR’s sustainability platform and initiatives, please visit https://hcr.
ny. gov/sustainability Climate Friendly Homes Fund Info Session for Potential Applicants Webinar Slides and Recording Owners of eligible buildings may apply for funds to cover the cost of eligible building upgrades including electrification of heating, cooling, and water heating systems and additional building envelope improvements. Funds may be used for approved retrofit work scope items (see below), as well as certain soft costs.
Retrofit Scope of Work items eligible for funding include: Electrical service upgrades HVAC systems replacement with high-efficiency heat pumps Domestic Hot Water replacement with high efficiency heat pumps Additional energy conservation measures to optimize new system performance Buildings must have 5-150 residential units, and be located in New York State.
Owners of regulated affordable and unregulated multifamily rental buildings in eligible locations may apply; Buildings must currently be subject to a regulatory agreement with a public agency or be located in one of the following locations: Low-Moderate Income Qualified Census Tract as defined by the U.S. Department of Housing and Urban Development Disadvantaged Communities as defined in the New York State Climate Leadership and Community Protection Act.
Find out if your building location is eligible: See HUD Qualified Census Tract Areas here and view a map of NYSERDA Disadvantaged Communities Areas here.
Lending and Community Partners In order to maximize impact and the reach of the program, CPC has identified like-minded green lending institutions, CDFIs, and other community-based nonprofits to collaborate on the identification and screening of building retrofit opportunities across the State. In addition, local community-based organizations from across the state will provide outreach and originations support to the program.
Lending Partners : Enterprise Community Partners Community Partners: CDC of Long Island, Kinetic Communities (KC3), Housing Sustainability Advisors By catalyzing the adoption of new, energy-efficient technologies, the program will advance New York State and CPC’s commitments to supporting multifamily building owners in their transition to a green economy and delivering the benefits of climate friendly homes to residents of low- and moderate-income neighborhoods.
New York State and CPC announced the program in September 2022. CPC was selected, through a Notice of Funding Availability, to administer the CFHF.
According to the current listing, eligibility includes: Owners of regulated affordable and unregulated multifamily rental buildings with 5-150 units in New York State, located in Low-Moderate Income Qualified Census Tracts or Disadvantaged Communities. Confirm the full requirements in the official notice before applying.
The current listing shows average of $25,000 per unit for multifamily projects. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Climate Friendly Homes Fund (CFHF) is funded by New York State Homes and Community Renewal (HCR) administered by The Community Preservation Corporation (CPC). Verify program details on the funder's official page before applying.
This opportunity targets applicants in New York. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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