Through this PON, NYSERDA will provide project funding for up to three building owners whose respective buildings have had high-performance retrofit solutions designed for them under NYSERDA’s RFP 3750.
Donor Name: New York State Energy Research and Development Authority
State: New York
Borough: the Bronx, Brooklyn, Manhattan, Queens and Staten Island
Type of Grant: Grant
Deadline: 12/30/2022
Size of the Grant: $66,000
Details:
The goal of RetrofitNY is to spearhead the creation of standardized, scalable solutions and processes that will dramatically improve the energy performance of multifamily residential buildings while improving their health, comfort, and aesthetics. An initiative of NYSERDA’s Clean Energy Fund, RetrofitNY is working aggressively to bring a substantial portion of New York’s affordable housing units to or near net-zero energy performance over the next decade, and in so doing develop significant new business opportunities in the State. Their efforts support Governor Kathy Hochul’s ambitious climate goals while improving the quality of life for affordable housing residents.
Funding Information
Awards will fund unfinanced incremental costs attributable to the retrofit solution up to a total project amount of $66,000 per dwelling unit.
Eligibility Criteria
Prior to NYSERDA gap funding being released, the following requirements must be satisfied:
- Applicant is the legal building owner for one of the three projects awarded under RetrofitNY RFP 3750 which is located inside the five boroughs of New York City and is a mid-rise structure not more than 7-stories in height
- Applicant confirms that following completion of renovation, the building will still qualify as affordable housing as defined in RFP 3750 for a period commensurate with regulatory agreements executed with affordable housing agencies, and that capital improvements funded by NYSERDA’s incentives under this PON will not result in rent increases
- The total final project budget for the Retrofit Solution requires gap funding based on financing/funding sources currently available after completing the template provided by NYSERDA
- Applicant has applied to lenders in an attempt to underwrite potential savings
- Applicant has submitted a written commitment to abide by a construction schedule that demonstrates the Retrofit Solution will be installed within a reasonable period of time and not in excess of 24 months from qualification of applications. If more time is required due to particular project requirements, this must be approved by NYSERDA.
- Applicant has signed a Data Release Authorization Forms (DRAF) permitting NYSERDA to collect utility data for a period of occupancy up to 10 years, and committed in writing to allow NYSERDA or its agents to perform Measurement and Verification on the buildings for up to ten years after completion of Retrofit Solution installation and to use the data accrued as NYSERDA sees fit
- If other than a master metered building for either gas or electric use, at least two-thirds of residents have signed Data Release Authorization Forms (DRAFs) permitting NYSERDA to collect utility data for a period of occupancy up to 10 years
- Applicant and applicant’s financing partners have agreed in writing to proceed with work once NYSERDA funds are committed to the project
- Applicant and Applicant’s financing partners have agreed in writing to include NYSERDA in the requisition process required by applicant’s lenders and to provide regular project reporting to demonstrate project status, allocation of funds, any change orders (adds or deducts), cost or time overruns or underruns consistent with that provided to the project’s other lenders
- Applicant has provided written permission for NYSERDA to study, promote, publish, and generally distribute information about the project publicly for at least ten years and will make it a requirement of any sale agreement transferring control of ownership that new owner abides by this agreement
- Applicant has provided an executed contract to procure the Retrofit Solution from the Solution Provider Team that designed and developed that solution under RFP 3750, or received written approval from NYSERDA for any requested changes to the Solution Provider Team members
- Applicant has provided final construction documents that incorporate the Retrofit Solution as designed under RFP 3750 or received written approval from NYSERDA for any requested changes to the Retrofit Solution, and a construction schedule detailing dates for the procurement, production and installation of the Retrofit Solution
- Applicant has provided a persuasive resident management plan that suggests the likely acceptance by the residents of the Retrofit Solution and that includes a Building Operations and Maintenance Manual and Plan, a Resident Manual that explains the intent, benefits, use and maintenance of the building’s high performance energy features and practices, and ongoing training of residents in systems’ operation and best practices
- Applicant has provided a persuasive maintenance plan to ensure successful operation and maintenance of all systems long term and that includes initial and ongoing training of maintenance personnel in systems’ operation and best practices as well as all available maintenance agreements, warranties and commitments by systems’ manufacturers and solution providers
- Applicant has provided a variance or a letter of intent to issue such variance from the relevant agency for any aspect of the Retrofit Solution that does not conform with applicable building codes or other codes.
For more information, visit NYSERDA.
