RFP 18: Financing Arrangements for High-Performance Affordable Housing
Funds projects in New York State that construct or retrofit multifamily affordable housing to achieve high energy efficiency and sustainability standards, with a focus on electrification and benefits for disadvantaged communities.
Funder: New York State Energy Research and Development Authority
Due Dates: Rolling (continuous submission)
Funding Amounts: Typical NY Green Bank participation per project: $10–$50 million; terms and amounts are negotiated per project.
Summary: Supports financing for construction or retrofit of multifamily affordable housing in New York State to achieve high energy performance.
Key Information: Open to a wide range of project sponsors; responses evaluated as received.
Description
NY Green Bank’s RFP 18 seeks proposals for investment in the construction or retrofit of multifamily affordable housing properties in New York State, aiming to achieve high standards of energy efficiency and building performance. The initiative is designed to leverage private sector investment and address financing gaps that prevent affordable housing from being built or upgraded to meet ambitious energy and climate goals. Projects may include electrification, electrification-readiness, and other sustainability measures, with a focus on delivering tangible benefits to disadvantaged communities, including improved health, comfort, resilience, and energy bill savings.
