This just in from the City of Beacon’s City Administrator Chris White, who learned of it from the Office Of Assembly Member Jonathan G. Jacobson, specifically Shakur Peterson:

“The Climate Friendly Homes Fund, a $250M fund launched by New York State Homes and Community Renewal and administered by CPC, is now offering 0% interest, forgivable loans and technical assistance for building upgrades that prepare existing small rental buildings to operate on clean energy. This funding will cover the installation of high-efficiency electric heat pumps for heating and cooling, domestic hot water heating system replacement with heat pump water heaters, and limited additional building envelope and ventilation system improvements.”

The Climate Friendly Homes Fund (CFHF), administered by The Community Preservation Corporation financing is targeted to existing, 5-50-unit buildings in New York State in order to replace older and less energy-efficient systems with all-electric, high-performance heating, cooling, and hot water heating systems.

According to the CPC website: “With $250 million in New York State funding, CPC and New York State Homes and Community Renewal aim to finance electrification retrofits in at least 10,000 units of multifamily housing that serve economically disadvantaged communities. These funds will empower small building owners to identify and execute a scope of work to improve the energy efficiency of their buildings and decrease their greenhouse gas emissions.”

Lending partners for this program include: Enterprise Community Partners, Inclusive Prosperity Capital, and Local Initiatives Support Corporation.

Who Is Eligible

Buildings must have 5-50 residential units, and be located in New York State. Owners of regulated affordable and unregulated multifamily rental buildings in eligible locations may apply. Buildings must currently be subject to a regulatory agreement with a public agency or be located in one of the following locations:

Low-Moderate Income Qualified Census Tract as defined by the U.S. Department of Housing and Urban Development.
Disadvantaged Communities as defined in the New York State Climate Leadership and Community Protection Act.

See a list of items that are eligible for this funding here.

The application process is open now, and can be done online here.

The Office Of Assembly Member Jonathan G. Jacobson has offered assistance to people applying, and can be reached at (845) 763-7011.