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GreenHOUSE Fund is sponsored by New York City (administered through the New York City Department of Buildings and HPD-NYSERDA Resilient & Equitable Decarbonization Initiative). Created by New York City Mayor Eric Adams, the GreenHOUSE Fund helps building owners comply with Local Law 97 by reinvesting proceeds from carbon offset purchases into decarbonizing and electrifying affordable housing developments.
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REDi: The Resilient & Equitable Decarbonization Initiative Housing Preservation & Development 311 Search all NYC.
gov websites Resilient & Equitable Decarbonization Initiative (REDi) Overview: To reach New York City and New York State’s ambitious climate targets and to reduce the barriers to decarbonizing affordable housing, HPD’s REDi program provides funding to build capacity and scale up equitable decarbonization, beneficial electrification, and resiliency within the HPD development pipeline and as outlined in HPD’s Design Guidelines.
The REDi program is a long-term joint HPD-NYSERDA initiative that builds on HPD’s highly successful Retrofit Electrification Pilot and other joint programs and is an innovative model for streamlining access to financial and technical assistance from New York State. HPD multi-family (5+ units) retrofit projects receiving city subsidy through an HPD Program are eligible to apply for REDi funding.
REDi funds will be provided on a first come, first served basis until funds are exhausted. See the REDi term sheet for information about incentive stacking. Note that all REDi projects are encouraged to seek NYSERDA’s Flextech funding to cover up to 75% of the cost of targeted energy studies .
Buildings < 50,000 should consider applying to NYERDA’s SAMES program . These funds can also help offset the energy portion of an IPNA. REDi: Existing Buildings (REDi: EB) The REDi: EB program funds will offset the incremental cost of electrification of domestic hot water (DHW) and space heating/ cooling as well as electrical upgrades, enhanced envelope and ventilation.
Supported Scopes: Projects will implement one, two or all three of the pre-defined REDi: EB scopes. Projects will be required to comply with all requirements as outlined in the REDi: EB Program Term Sheet , including all applicable Technical Requirements. Technical Support: The borrower’s project team will work closely with a dedicated REDi Technical Assistance Provider (TAP) to design and scope the project.
The TAP will also participate in monitoring the construction of the REDi: EB Scope, and work with the contractor to train building residents and staff on system use and maintenance. Funding: Funding is sourced from the Utility System Benefit Charges (SBC) and the Affordable Housing Reinvestment Fund (AHRF). Funds will be provided on a first come, first served basis, and will be used to offset the REDi scope items.
REDi: EB funding matches HPD subsidy and will be placed in the project’s servicing account alongside all other sources and may be drawn down during construction through the normal requisitions process as outlined in the REDi: EB Participation Agreement . Prior to the Design Consultation and as early as possible in the scoping process, the Project Team shall submit the following to HPD sustainability, at sustainability@hpd. nyc.
gov , with 'REDi Application' in the subject: IPNA(s) for each building in the project considering conversion to heat pumps 2 years of utility bills (electrical, gas and/or oil, as applicable).
REDi: EB Participation Agreement REDi: EB Construction Rider DRAF (owner-paid utilities) DRAF (resident-paid utilities) - no longer required by NYSERDA Con Edison Authorization Form REDi: EB Construction Milestones Checklist FAQ: Selecting Heat Pumps for Multifamily Buildings FAQ: Metering Heat Pumps for Multifamily Buildings FAQ: Energy Apportionment FAQ: Heat Pump System Design Best Practices FAQ: Partial Load DHW Design (coming soon) FAQ: Roof Considerations for Heat Pumps Large VRFs versus Small Mini/Multi Split Heat Pumps: a Comparison Design Professional Guidance-Code and Zoning Underwriting Electric and High-Performance Buildings - HPD (nyc.
gov) HPD Electric Heating Policy (nyc.
gov) HPD Building Systems Technical Requirements webpage, which includes: HPD Technical Requirements- Split System Heat Pump for Space Heating HPD Technical Requirements- Room Heat Pump HPD Technical Requirements- Heat Pump Water Heater HPD Technical Requirements- Refrigerant Management HPD VRF and Split System Maintenance Plan HPD Maintenance Service Contract Checklist PTHP Maintenance Plan & Service Overview Mandatory Resident Resource Packet: Residential User Tips for Air Source Heat Pumps NYC's Utility Assistance Programs Electrification Presentation for Coop Boards (English/ Spanish) FAQ: What Is a Room Heat Pump FAQ: What is a Heat Pump for Hot Water Case Study: Oil to Electric Gut Rehab Case Study: Supportive Housing Electrification For additional information about the program, please contact us at sustainability@hpd.
nyc. gov
According to the current listing, eligibility includes: Building owners, particularly those of rent-regulated apartment buildings and low-income co-ops, in New York City. The fund supports decarbonization and electrification efforts in affordable housing developments. Confirm the full requirements in the official notice before applying.
The current listing shows cost of carbon emissions, currently $268 per ton. Verify award ceilings, matching requirements, and allowable costs in the official notice.
GreenHOUSE Fund is funded by New York City (administered through the New York City Department of Buildings and HPD-NYSERDA Resilient & Equitable Decarbonization Initiative). 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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