Resilient Retrofits – Round 3
Forecasted
Resilient Retrofits – Round 3 funds science-based home retrofits for flood resilience and energy efficiency in New York, managed by Homes and Community Renewal.
Funder: Homes and Community Renewal
Due Dates (Anticipated): February 2027 (projected)
Funding Amounts: Up to $5–10 million total available; typical award $1–5 million per administrator over 2 years; up to 10% for admin costs.
Summary: Funds local nonprofit lenders to administer loans and grants for flood resilience and energy efficiency retrofits in single-family homes owned by low- and middle-income New Yorkers.
Key Information: This is a forecasted opportunity; timeline and details may change.
Description
The program supports local nonprofit Community Development Financial Institutions (CDFIs) or licensed lending institutions in New York State to help low- and moderate-income homeowners make their homes more resilient to flooding and extreme weather. Selected administrators will manage outreach, loan/grant origination, construction oversight, and compliance, providing construction loans and forgivable grants for eligible retrofits. Projects may include flood mitigation, energy efficiency upgrades, electrification of heating/cooling, and installation of renewable energy solutions. The overarching goal is to reduce displacement and enhance the durability and sustainability of homes in vulnerable communities.
