On Wednesday, September 16, owners of small- to mid-sized multifamily buildings will have an opportunity to speak individually with city representatives and their partner nonprofits and community development financial institutions to learn how to make their properties more energy and water efficient, reduce maintenance costs, and sustain affordable housing at the Isabella Geriatric Center, 515 Audubon Avenue, in Inwood from 6:30 p.m. to 8:00 p.m. Co-sponsored by the New York City Department of Housing Preservation and Development (HPD), Community Preservation Corporation (CPC), Enterprise Community Partners, Inc., and Community League of the Heights (CLOTH), this Neighborhood Preservation HelpDesk will focus on green housing resources for small building owners, including HPD’s new Green Housing Preservation Program (GHPP).
Launched in May 2015, the GHPP is designed to assist small- and mid-size building owners across the five boroughs in undertaking improvements to reduce greenhouse gas (GHG) emissions, control operating costs, and preserve affordability. This new program and related green preservation initiatives are funded with $45 million in city capital provided by the Mayor in HPD’s fiscal year 2016 budget, and deliver on both the commitments in “One New York: The Plan for a Strong and Just City,” NYC’s comprehensive plan for sustainability and equity, and the Mayor’sHousing New York plan to create and preserve 200,000 affordable units.
“Many small building owners can’t afford the energy efficient upgrades that would provide long-term savings to help reduce the cost of utilities,” said HPD Commissioner Vicki Been. “Our new Green Housing Preservation Program helps to remove these barriers, offering owners the financial resources and technical expertise needed to make their properties more sustainable and energy efficient. It is fitting that this program officially kicks off at a Neighborhood Preservation HelpDesk, which was designed to connect small building owners to the financial resources and technical assistance they need to improve their properties and keep their properties healthy and affordable. I thank NYCEEC, CPC, Enterprise, Community League of the Heights, and all our partners for their commitment to keeping our neighborhoods strong and affordable.”
HPD will provide direct financing, and encourage owners to leverage private financing and other incentive programs where feasible. This could include utility incentive and public programs for energy efficiency, and private funding through the Program’s participating lenders – the Community Preservation Corporation (CPC), Enterprise, the Low Income Investment Fund (LIIF), the Local Initiative Support Corporation (LISC), and the New York City Energy Efficiency Corporation (NYCEEC). The agency also established a pre-qualified list of firms that will perform a comprehensive assessment of buildings’ capital improvement and energy needs, provide technical assistance, and simplify the process for building owners looking to secure public or private financing.
“We are pleased to support the City’s sustainability and housing goals and partner with HPD on this exciting initiative,” said Susan Leeds, CEO of NYCEEC. “The Green Housing Preservation Program aligns with NYCEEC’s mission of providing financing solutions for projects that save money, conserve energy and reduce greenhouse gases. With a NYCEEC predevelopment loan, all eligible building owners can now overcome upfront cost barriers, and realize the benefits of GHPP.”
Link to full press release.