Green Funding and Resources for New York Affordable Multifamily Housing

Implementing green building measures in affordable housing is an important strategy to reduce costs and improve building performance, as well as to safeguard buildings from a range of climate impacts, ultimately helping to preserve New York’s crucial affordable housing supply. Because multifamily housing plays a key role in mitigating the effects of climate change, public agencies and utility companies in New York offer a diverse array of programs to improve the climate resilience of affordable housing properties. These programs provide grants, loans, tax credits and other incentives to facilitate efficiency and decarbonization upgrades at no or low cost.

Enterprise Community Partners, Inc. created this guide to inform affordable multifamily housing owners of available financing programs and to help identify those that would be most appropriate for their properties. The guide centers on programs that are primarily focused on energy efficiency and decarbonization measures; owners may also fund green upgrades through broader housing finance programs that are not described in this guide.